Page 62 - SIGA_2010-11 Annual Report

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AUTHORITY
Under the First Nations Gaming Act, the Federation of Saskatchewan Indian Nations created the
Saskatchewan Indian Gaming Authority (SIGA) on June 10, 1995. SIGA was then incorporated under
The Non-Profit Corporation Act of Saskatchewan on January 11, 1996, and is designated as a charitable
corporation. The FSIN owns the only issued Class A Membership. Class B Memberships are held by the
Tribal Councils and independent First Nations.
SASKATCHEWAN LIQUOR AND GAMING AUTHORITY
The Province of Saskatchewan, through the Saskatchewan Liquor and Gaming Authority (SLGA),
regulates SIGA. This authority is responsible for the approval of budgets, operating policies and
procedures and expansion of services. Constant dialogue takes place between the management
and employees of both organizations.
OUR STRUCTURE
SIGA’s gaming operations are a revenue source for the Saskatchewan’s First Nations, the Provincial
Treasury and for the Community Development Corporations (CDCs) situated in the six casino locations.
The CDCs distribute this money to charitable and not-for-profit community organizations. Profits
generated from SIGA’s operations are distributed as follows: 50% to Saskatchewan First Nations,
as distributed through the First Nations Trust; 25% to the Provincial Government’s General Revenue
Fund; and 25% to the CDCs.
ROLE OF THE BOARD
The Board of Directors is responsible for the stewardship of the organization and is ultimately
accountable for the management of the affairs and business of SIGA. In meeting this responsibility,
the Board works with management to develop and approve the organization’s strategic plan, annual
budgets and business plans, and ensures that a communication policy is in place. It has established
terms of reference addressing its principal duties and responsibilities as a board.
While focusing on the strategic direction of the organization, the Board delegates day-to-day operations
to the President and CEO. The Board has resolved to adopt a policy governance model that empowers
the President and CEO and holds him accountable for achieving the Board’s directives, managing risks,
and complying with the Casino Operating Agreement and Board policies. In addition, the organization
has a comprehensive Delegation of Authority Policy that governs the approvals and spending authorities
for all managers consistent with their responsibilities, accountabilities and budgetary allocations, and
specifies those matters that require Board approval: items specific to capital expenses (including
renovation projects) planned over $1,000,000; and unplanned $500,000, any property management,
land and building leases, and all other operating expenses and contracts over $500,000.
All of its Directors are independent of management and no member of management serves as a Director.
The Board held 13 scheduled meetings in the 2010/11 fiscal year.
BOARD CHAIR– RAY AHENAKEW
The Chair provides leadership by guiding the Board, coordinating its activities and fostering relationships
in the best interests of the organization. The Chair, while working closely with the President and
CEO, retains an independent perspective to best represent the interests of SIGA, the Board, and
the communities they serve. The Chair, on behalf of the Board, reports to the FSIN Economic and
Community Development Commission (ECDC) and the FSIN Legislative Assembly on the affairs of the
corporation, including all business aspects of casinos owned or operated by SIGA. The Chair, in turn,
reports to the Board of Directors any recommendations offered by ECDC and the Assembly. The Board
has delegated authority and assigned responsibility to the Board Chair for managing SIGA’s relationship
with the shareholders as per policy B03-012 Board Chair – Terms of Reference.
Corporate
Governance