Board of Directors

The Foundation’s Board consists of a Chairperson and up to four other directors appointed by the Governor in Council; up to 18 additional directors appointed by the Board after consultation with provincial governments and other interested outside parties; and the President of the Foundation. The Chairperson and each of the Board members is appointed for a term of three years, and may serve a maximum of three terms. The Board, which has ultimate responsibility for the Foundation’s activities, meets at least twice a year. It is responsible for setting the strategic directions of the Foundation, management of the endowment fund, and appointment of the President. It functions through a series of committees: the Investment Committee, that oversees all matters related to the investment management of the endowment fund; the Audit and Evaluation Committee, that guides the production of the Foundation’s annual reports, audits and evaluations; the Compensation Committee, that annually reviews employee remuneration; the Governance Committee, that annually reviews corporate governance; and the Executive Committee, made up of the Chair of the Board and the Chair of each of the other committees.