CORPORATE GOVERNANCE

Goldcorp's corporate governance practices have been and continue to be in compliance with applicable Canadian and U.S. requirements. The Corporation continues to monitor developments in Canada and the U.S. with a view to further revising its governance policies and practices, as appropriate.

Under NYSE Rules, the Corporation is required to disclose any significant ways in which its corporate governance practices differ from those followed by U.S. domestic companies under the NYSE's listing standards. The Corporation believes that there are no significant differences between its corporate governance practices and those required to be followed by U.S. domestic issuers under the NYSE listing standards.

'The merger with Glamis Gold in November 2006 has elevated Goldcorp to what we believe to be the world's premier gold mining company. With operations in diverse areas as Argentina, Chile, Brazil, Dominican Republic, Guatemala, Mexico, Honduras, Australia, United States and Canada our obligation is responsibility and accountability to local stakeholders while optimizing economic results. Management, along with Goldcorp Board of Directors, are committed to using the best principles of corporate governance in order to continue to deliver results to our shareholders and to ensure the long-term financial strength of the corporation.'