Governance & Board

The Lieutenant Governor, through Order-in-Council, appoints the members of BCIC’s Board and delegates the role of the Chair. The Board Chair reports to the British Columbia Legislative Assembly through the Minister of Technology, Innovation and Citizens’ Services. The Board of Directors has five members:

 

The Board:

  • sets the strategic direction and approves appropriate plans from management;
  • recruits, empowers and monitors BCIC’s management;
  • shepherds and safeguards BCIC resources, approving major financial decisions, ensuring internal controls are in place and addressing areas of risk; and
  • measures corporate performance, reporting regularly to stakeholders to ensure compliance with applicable laws and ethical standards.

BCIC's Board of Directors do not receive any remuneration for their services to the Board.


Board Committees:

Audit and Finance

  • Committee members: Lorraine Larkin (Chair); and Cheryl Slusarchuk
  • Helps the Board fulfill its obligations and oversight responsibilities relating to the audit process, financial reporting, corporate control systems and risk management. When required, it makes recommendations to the full Board for approval.

Governance and Board Nomination

  • Committee members: the full Board
  • Reviews Board policies and practices, ensuring BCIC fulfils its legislated mandate and implements effective due diligence over BCIC’s governance.

Human Resources and Compensation

  • Committee members: the full Board
  • Fulfils the Board’s responsibilities with respect to BCIC’s staff policies and practices.

Governance Principles:

BCIC’s Board has adopted the guiding principles outlined in the Province of British Columbia’s Governance Framework for Crown
Corporations in establishing a framework from which to operate. These principles include:

  • stewardship, leadership and effective functioning of the Board; and
  • performance and value, innovation and continuous improvement.


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