Recruitment posting

Alberta Indigenous Opportunities Corporation

Competition #: 679
Ministry: Indigenous Relations
Opening Date: 09/20/2019
Closing Date: 10/11/2019
Role: Board Chair, Vice-Chair, Directors
Role Required

The Ministry of Indigenous Relations is seeking applications from individuals interested in serving on the Board of Directors (Board) for the Alberta Indigenous Opportunities Corporation (AIOC). The Board is expected to have a Chair, Vice-Chair, and Directors.

Location
The AIOC is expected to maintain its head office and principal place of business in Alberta. Board meetings may take place at various locations in Alberta. Dial-in options would be made available as required.
About the Agency

The Government of Alberta is in the process of establishing the AIOC as a Crown corporation, to facilitate and backstop up to $1 billion in Indigenous investment in natural resource projects and infrastructure, including pipelines. This is not just an economic imperative, but an opportunity to deliver practical measures to help Indigenous peoples become co-owners of major resource projects.

Alberta’s experience to date shows that there is a demonstrated high rate of business success where First Nations and Métis businesses have created jobs, wealth, and health for their communities, and the size and scope of Indigenous investments in Alberta continues to grow. To help support this growing aspiration, the AIOC will be designed to help Indigenous communities scale-up investments in the resource sector to a level not before seen in Alberta. In addition, there is opportunity for many Indigenous communities to work together, including communities outside of Alberta. In this sense, the AIOC is in many ways a transformational initiative that has not been attempted elsewhere in Canada.

To achieve this transformational initiative, the Government of Alberta has committed $24 million over four years to set up the AIOC and provide services to Indigenous stakeholders, which may include access to technical and advisory support.

Alberta’s Ministry of Indigenous Relations is the responsible Ministry for the AIOC.

Role Description

The Board will be responsible for the governance of the AIOC and overseeing the management of the AIOC’s business and investment activity. The Board will guide the strategic direction of the AIOC; recruit, appoint, and evaluate the performance of the AIOC’s Chief Executive Officer; and approve and monitor the AIOC’s business plan, operational plan, and financial results. The Board will ultimately be accountable to the Minister of Indigenous Relations, and must act in honesty and good faith, leaving aside personal interests to advance the public interest and the mandate of the AIOC.

The Board’s responsibilities will include:

• Identifying and developing the appropriate business processes to assist the AIOC in fulfilling its mandate, including:

o In coordination with the Minister of Indigenous Relations, develop and approve the AIOC’s governance documents;

o Development of bylaws; and

o Determine the frequency or Board meetings and the use of teleconference participation.

• Ensure all Board members comply with the AIOC’s Code of Conduct.

• Assess and evaluate project proposals and potential deals brought forth to the AIOC and make recommendations for funding and/or project approvals.

• Ensure adequate plans are developed and implemented for management development and succession, and conduct an annual review of such plans.

• Monitor the financial performance of the AIOC and ensure that the financial results are reported in a timely and regular manner, and in accordance with any legislated requirements and the Generally Accepted Accounting Principles.

• Ensure that all material developments, and significant emergent issues of the AIOC, are disclosed to the Minister in a timely manner.

• Oversee compliance with all relevant policies, procedures and standards by which the AIOC will operate and ensure that the AIOC operates at all times in compliance with all applicable laws and regulations, and at the highest ethical standards.

• Approve all matters that require Board approval as prescribed by applicable legislation and regulations, and ensuring that such matters are brought to the attention of the Minister, if necessary.

• Provide an orientation for new Board members to the particular practices of the AIOC, as necessary.

• Ensure that the Board, through a process led by the Chair (or a delegated committee), conducts an annual evaluation and review of the performance of the Board, its committees, the Chair of the Board, and individual members.

• Prepare and provide to the Minister of Indigenous Relations, a business plan and annual report for each fiscal year in the form and at a time acceptable to the Minister.

• Address how the AIOC interacts with the public and establish policies that clearly identify roles and responsibilities in the area of communication with the public.

• Develop mechanisms and processes for communicating with the Minister of Indigenous Relations and the department on matters of mutual concern.

• Engage in a strategic planning process including the consideration of the principle risks associated with the AIOC’s business. The management of these risks will be assigned to the Chief Executive Officer and will be periodically reviewed by the Board.

In addition the Board Chair will be responsible for:

• Planning and managing Board meetings;

• Providing the Minister with regular updates on the AIOC’s operations;

• Ensuring that the Board, and its committees, have opportunities to meet independently of management;

• Administer the Code of Conduct and ensure that the Board addresses conflict of interest matters.

Skills and Experience Required

The AIOC Director recruitment process shall be conducted, and appointments made on merit against a competency matrix with due regard to the benefits of diversity on the Board.

The recruitment process will ensure that the AIOC Board, as a whole, has the capability, diverse range of skills, and experience required to guide the organization. Such collective skills and experience shall include:

• Financial markets and investment strategic skills

• Corporate finance

• Board governance

• Stakeholder and Indigenous community relations

• Business development

• Legal/regulatory

• Human resources

• Accounting

• Risk management

AIOC Board members are expected to have relevant knowledge, expertise, and professional experience in the following areas:

• Business development/management

• Investor, entrepreneur, and stakeholder relationships and networks

• Investment expertise

• Large capital-intensive infrastructure

• Fund management

• Relevant industry/sector experience

Board members are further expected to:

• Have sufficient time to commit to fulfilling board responsibilities

• Have a proven reputation for sound ethics, integrity and respect for others

• Possess:

o Leadership/teamwork skills

o Strategic thinking and planning

o Problem solving

o Exceptional judgement and communication skills

• Experience working in or with Indigenous communities considered an asset

Remuneration and Time Commitment

It is anticipated that the Board will meet twice a month for a period of four hours, with the possibility of more frequent meetings as required. The AIOC is expected to maintain its head office and principal place of business in Alberta. Board meetings may take place at various locations in Alberta. Dial-in options will be made available as required.

The remuneration structure for the AIOC will be as follows:

Board Chair

• Annual retainer of $15,000.
• A meeting fee of $400 per meeting.

Vice-Chair

• Annual retainer of $4,000 (unless required to perform duties of Chair).

• A meeting fee of $300 per meeting (unless required to perform duties of Chair).

Directors

• Annual retainer of $4,000.

• A meeting fee of $300 per meeting.

Board members will also be entitled to be reimbursed for accommodation and travel expenses in accordance with the Travel, Meal and Hospitality Policy (11/2015) that are incurred while away from their ordinary places of residence and in the course of performing their duties as members of the Board.

Additional Documentation

Please indicate in your application which role you are interested in (Board Chair, Vice-Chair or Director), and highlight any relevant skills and experience for that role.

Contact Information

Executive Search, Alberta Public Service Commission
Phone: 780-408-8460
Email: psc.executivesearchservices@gov.ab.ca

How To Apply

Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements.

Online applications are preferred. To apply, click on the 'apply' button, create or sign into your account in the ePAAS system; upload your resume, view the listing under Current Opportunities and click on 'submit application'. The uploaded resume will be automatically attached.

Provide a short 4 line biography using the Biography template found under additional documents section. Your biography should include your name, current work experience, board/committee experience and relevant education. Please note that biographies may be edited for length and clarity.

Once your biography and other required form(s) are completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography and other form(s) into the 'Drop files below or click to upload' section before clicking the 'apply' button.

If you are unable to apply online, please submit a cover letter and resume, quoting the recruitment posting competition number, to the contact provided on the posting. We thank all applicants for their interest. All applications will be reviewed to assess which candidates' qualifications most closely match the agency's requirements. Only those selected for interviews will be contacted to advance to the next step in the appointment process. You can check the status of each competition on-line at https://www.alberta.ca/public-agencies.cfm.

Qualified applicants may be selected to fill other vacancies. Applicants will be required to identify any real or perceived conflicts of interest and may be required to undergo additional security screening. Please Note: Successful applicants will have the following information about them made publicly available on the Public Agency Secretariat Website: name, biography, public agency, and position title.

Agency Website:

To be determined.

Link to Enabling Legislation:

To be determined.