Page 66 - SIGA Annual Report 2013

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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).
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 eight meetings in the 2012/13 fiscal year.
Board Chair– Tribal Chief Felix Thomas
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 and 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.