Governance Principles

OPTI’s Board of Directors is committed to a high standard of corporate governance practices. The Board believes that this commitment is in the best interest of its shareholders and promotes effective decision making at the Board level.

The Board has responsibility for the stewardship of the Company. It meets regularly, and a broad range of matters are discussed and reviewed for approval. The Board’s oversight role encompasses overall corporate plans and strategies, budgets, internal controls and management information systems, risk management as well as financial and operating results. OPTI’s Board is also responsible for selecting, monitoring and evaluating executive leadership and aligning management’s decision making with long-term shareholder interest.

At October, 2007, seven of our ten Board members and the entire Audit Committee were determined to be independent of management under National Policy 58-201 Corporate Governance Guidelines. A comprehensive description of OPTI’s governance practices is available in the Company’s annual proxy circular, on our website under “For Investors,” or by calling 1-403-249-9425.