Page 44 - 2007_2008_Annual_Report

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NI 58-101F1, section 1(f)
1 (f) Disclose whether the chair of the board
is an independent director; disclose the
identity of the chair and describe the role
of the chair.
Brian Standingready was Chair of the Board from April –
January 2007 and is an independent director. Ray Ahenakew
assumed the Chair responsibilities in January 2007 and is an
independent director.
The Chair reports to the Board and ultimately to the
shareholders and is responsible for presiding over meetings
of the Board and ensuring the Board discharges its fiduciary
and legal responsibilities. The Chair’s primary duties include:
• Act as a sounding board and counselor for the President
& CEO, including helping to identify problems, reviewing
strategy, maintaining accountability, building relationships
and ensuring that the President & CEO is aware of concerns
of the Board and the communities the Authority serves.
• Lead the Board in monitoring and evaluating the
performance of the President & CEO and the corporation.
• Ensure that corporate strategy, plans and performance are
presented to the Board.
• Ensure the President & CEO presents management
succession and development plans at least annually
and implements them.
• Foster a constructive and harmonious relationship
between the Board and management.
• Together with the President & CEO, act as a spokesperson
for the Authority and oversee the Authority’s interfaces
with government and other stakeholders.
• Ensure the Board has full governance of the Authority’s
business and affairs and is alert to its obligations to the
Authority, to the communities it serves, to management
and under the law.
• Provide leadership to the Board; assist the Board in
reviewing and monitoring the policy, directions and strategy
of the Authority and the achievement of its objectives.
• Communicate with the Board to keep it up-to-date on
all major developments, including timely discussion of
potential developments.
• Chair board meetings and attend committee meetings,
where appropriate, as ex officio member of each committee.
• Ensure that the Board and management clearly understand
their respective roles and respect the boundaries between
board and management responsibilities.
• Ensure that the Board has adequate resources to support
its work.
• Is jointly responsible with the President & CEO for
developing ways to involve the Board in the ongoing
processes of strategic planning and risk management.
• While working closely with the President & CEO, retains
an independent perspective to best represent the interests
of the Authority, the communities it serves and the Board.
• On behalf of the Board, shall report to the Economic
Community Development Commission (ECDC) on the
affairs of the corporation including all business aspects of
casinos owned or operated by the corporation and shall,
if so requested, report on the same matters to the FSIN
legislative assembly.
• Reports to the Board of Directors any guidance or advice
that ECDC has offered to the Corporation.
• Is a non-executive appointment.
SIGA’s Governance Practices
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