Enbridge Inc. shares are listed on the Toronto Stock Exchange (the "TSX") and the New York Stock Exchange (the "NYSE"). The TSX and the NYSE have each adopted corporate governance guidelines or rules that apply to entities listed on the respective exchange. Canadian securities regulators and the U.S. Securities and Exchange Commission (under the U.S. Sarbanes-Oxley Act) have enacted or propose to enact additional corporate governance requirements.

Enbridge complies will all corporate governance rules now applicable to it and intends to comply with any new or additional corporate governance standards that will be applicable to the Company in the future.

Board of Directors

The Board of Directors of Enbridge functions independent of management and is accountable to shareholders. The Board has delegated to the Governance Committee the role of overseeing corporate governance generally, and Enbridge has demonstrated vision and a comprehensive approach to governance through the integration of empowerment and accountability involving all employees up to the Board of Directors and ultimately to shareholders.

Committees of the Board of Directors

The Board currently has four standing committees. Through these committees, the Board oversees identification of the principal risks to the Company and authorizes implementation of the systems for managing those risks.

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