Corporate Governance

The Board of Directors of Vail Resorts, Inc. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.

Committee Charters
	Audit Committee Charter
	Nominating & Governance Committee Charter
	Compensation Committee Charter
	Executive Committee Charter

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Interested persons may make their concerns known to our non-management directors by contacting our Chairman of the Board. To contact the Chairman of the Board, email or send a letter to: Chairman of the Board, Vail Resorts, Inc., 390 Interlocken Crescent, Broomfield, CO 80021, Attention: Corporate Secretary. All such communications, other than unsolicited commercial solicitations or communications, will be forwarded to the Chairman of the Board for review.

Anyone with a concern or complaint about our accounting, internal controls or auditing matters may communicate it to the Ethics Committee by contacting any member of the Ethics Committee as provided in our Code of Ethics and Business Conduct. Any such communication may be made on a confidential or anonymous basis using the anonymous methods for delivering such communications as provided in our Code of Ethics and Business Conduct, but all communications should contain sufficiently specific information to permit the Ethics Committee to pursue the matter with the Audit Committee. These procedures are part of the Code of Ethics and Business Conduct.