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68

CORPORATE GOVERNANCE

AUTHORITY

Under the

First Nations Gaming Act

, the Federation of

Saskatchewan Indian Nations (FSIN) created the

Saskatchewan Indian Gaming Authority (SIGA) on

June 10, 1995. The FSIN entered into the Gaming

Framework Agreement (GFA) with the Province of

Saskatchewan, which established exclusive access to

casino markets in Saskatchewan. SIGA was designated

as the proponent for casino development and was then

incorporated under

The Non-Profit Corporations Act, 1995

of Saskatchewan on January 11, 1996.

The Province of Saskatchewan, through the Saskatchewan

Liquor and Gaming Authority (SLGA) and the Indigenous

Gaming Regulators (IGR), regulates SIGA. Accountable to the

mandate set out by its shareholders, SIGA operates under the

terms set out in the Casino Operating Agreement (COA) and

gaming regulatory conditions established by IGR and SLGA.

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, 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 CDCs; and 25% to the Provincial Government’s General

Revenue Fund.

ROLE OF THE BOARD

On behalf of the shareholders, 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. The Board

has established a 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 them accountable for achieving the Board’s

directives, managing risks, 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. The policy specifies

those matters that require Board approval: items specific to

capital expenses (including renovation projects) planned over

$1,000,000 and unplanned over $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

seven meetings in the 2015-2016 fiscal year.

BOARD CHAIR – CHIEF REGINALD

BELLEROSE

The Chair provides leadership by guiding the Board,

coordinating its activities, and fostering relationships in the

best interests of the organization. While working closely

with the President and CEO, he retains an independent

perspective to best represent the interests of SIGA, the

Board, and the communities they serve. On behalf of the

Board, he 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 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.