Page 70 - 2012_Annual Report

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Corporate Governance
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 administered by the Province of Saskatchewan
using the following breakdown: 50% to Saskatchewan
First Nations, as distributed through the First Nations
Trust; 25% to the CDC’s; and 25% to the Provincial
Government’s General Revenue Fund.
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 and annual budgets, 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 ten meetings in the 2011/12 fiscal year.
BOARD CHAIR – CHIEF EDWARD HENDERSON
(INTERIM)
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 Gaming
Commission 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 the Gaming Commission 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.
DIRECTORS
The Board of Directors was comprised of twelve
Members for the majority of the year. The Federation
of Saskatchewan Indian Nations and the Tribal Councils
nominate these Members (one per Tribal Council).
Only individuals registered as gaming employees under
The Alcohol and Gaming Regulation Act 1997 may be
Members of the Board.