SlideShare ist ein Scribd-Unternehmen logo
1 von 46
Downloaden Sie, um offline zu lesen
Links to Learning
Starting a First Nation’s Economic Development
Corporation Workshop
December 18th, 2013 8 am 11 am
Westin Bayshore

By Transformation: Social and Economic Development
Carol Anne Hilton, MBA

For AFOA BC
Outline
• Why an Economic Development Corporation?
• Vision and Mandate
• Legal overview
• Structure
• Functions- HR, operations, finance, marketing, and
governance
• Board strategy

• Link to lands management
Why a Development
Corporation?
• Systematically remove barriers to development
• Is a structure for accessing business opportunity
• Structure to manage business, projects and
distinguish from the FN Government
• Separate risk from the FN
The Development
Corporation
• Is a vehicle that communities create in order to
travel toward a destination
• Corporate/business approach- instead of
program/services
• Means to access business funding- capital/equity
The Development
Corporation
• EDCs are the economic and business
development arm
• Responsible for developing a Strategic Plan, and
approving annual business plans and budgets
consistent with the Strategic Plan.
• The Board also approves new business ventures,
contracts and major financial transactions
Continued
• Support of new and existing economic
development projects and businesses
• Increase investment readiness
• Increase engagement with outside partners and
organizations
• Container for development
• Pivotal point of business relationships

• Entry point for industry participation
Example: White Cap Dakota
• Economic Mission
•

“To create an economically self-sustaining
community with financially independent members
through the effective use of economic tools that
maximize the available resources, respect the
Dakota culture and protect the environment while
protecting and enhancing inherent rights.”
Example: Na Cho Nuk Dun
First Nation
• The primate mandate of NND Development
Corporation as the primary business arm of the NND
Government is to maximize NND‟s economic interests.
This will be achieved through investment and
development in three solid industries:
• ■ Mining/Reclamation – utilizes and maximizes existing
resources effectively and efficiently while developing skills
and technology throughout North America.
■ Renewable
Energy – is a growth industry of hat NND is in a perfect
position to capitalize on.
■ Real Estate – proven track
record of cash flow and equity preservation.
Vision Statements
A vision is:
• Often confused with mission, goals, statement of
purpose, and other terms used by organizations.
• The preferred future, a desirable state, and ideal
state
• A general statement encompassing the direction
an organization wants to take and the desired end
result once it gets there. It is the vision of what
those involved what their organization to become
or impact it will have
Vision Checklist
• Provides the necessary framework within
which business planning occurs
• Tells how to see the future
• Sets out the desired destination
• Remember simplicity is best!
• Embrace key values of the
organization/community
• Focus on key words and outcomes
Vision Examples
• Enhance and strengthen the Long Plain
First Nation economic base and meet the
employment and economic needs of its
citizens.
• We, the Champagne and Aishihik First
Nations people and our government, shall
promote a healthy, unified and self-reliant
people, while conserving and enhancing
our environment and culture.
Vision Samples (cont’d)
• To achieve self-reliance through economic
development and to preserve the First Nation
culture through the creation of jobs on our
lands for future generations – Osoyoos Indian
Band
• To create economic opportunities and develop
business initiatives and partnerships for the
primary benefit of our First Nation
communities both on and off reserve Wasaya Group, A Native Venture Corp.
Vision Samples (cont’d)
• To initiate, develop and manage business
opportunities which are compatible with
Cowichan Tribes culture and heritage.
KDC shall strive to maximize long term
profitability to support economic
development and capacity building to be
full participants in the local, regional and
national economy – Khowutzun
Development Corporation.
Vision Samples (cont’d)
• The Burns Lake Native Development
Corporation will empower member First
Nations to realize their economic aspirations
within their traditional territories – Burns Lake
Native Development Corporation.
• To create a strong and diverse tourism and
business climate for the economic and social
benefit of the people of Nocona and its
surrounding areas.
Core Business Functions
• 1) HR
• 2)Administration/operations
• 3) Finance

• 4) Marketing
• 5) Governance
Human Resource
Management
• Develop a long-term strategy for recruitment and
retention.
• The board and the senior management team must
recognize that human resources is a primary
focus for the organization.
• This includes Corporation staff and recruitment of
Board members.
Pyramids of Reporting
Community

Directors

Board
Corporatio
n CEO

Managers
Employees

Partners/Clients
Board vs. Staff Role
Board

Staff

Provides strategic
direction
Recruits and
manages senior
staff person
(Corporation CEO)
Sets the vision and
Mission

Supports Board in
planning
Recruits and
manages
Corporation staff
Implements the
Corporation‟s
strategic and
operational plans
Implements
operational plan and
oversees budget

Monitors outcomes
and performance
Financial Models
Types of transactional models:

1. Fixed annual payments

2. Royalties based on outputs
3. Royalties based on value of outputs
4. Profit based royalties
5. Equity participation of shareholders
Wealth Management
• Wealth management is an investment advisory
process that incorporates financial planning and
investment portfolio management
• Wealth management calls for credentialed
financial advisory - to coordinate retail banking,
estate planning, legal resources, finance and tax
professionals and investment management to
maximize wealth
• The emerging „high net Nation‟
Wealth Management
• First Nations are moving from the
„underdevelopment of reserves‟ towards wealth
management through economic development and
legal frameworks
• Nation building and wealth management are
parallel processes
• need to manage investment risks, the need for
sound financial advice, and a solid financial for
First Nation governments.
Governance-Key Roles of the
Board
• Providing strategic direction to the organization
• Manage the Senior staff person of the Corporation
• Monitor performance

• Risk identification and oversight
• Governance systems and processes
Signs of good governance
• Accountability and Transparency
• Legitimacy and Voice
• Direction

• Performance
• Fairness
Risk Management
• The process of risk management is a simple
three-part activity. It involves:
• looking at a situation and asking what can go wrong
and what harm could result;
• identifying practical measures that can be taken to
keep such harm from occurring; and
• if harm does occur, identifying practical measures
that can be taken to lessen the impacts of harm and
pay for any resulting damage or losses.
Recruiting the Board
• Organization, Mission and Values
• Values
• Desire

• Availability
• Complementary
• Motivation
Selecting Directors
• Ensure a broad talent pool
• Diversify board membership
• Develop a matrix of potential Directors

• Revolving succession list
• Ensure bylaws have a turnover requirement
• Regular and ongoing evaluation
• Clear expectations of Directors
Competencies of
Directors
• Knowledge, experiences
• Relationships and connections
• Aligned with values and culture of the organization

• Familiarity with Governance/Boards
• Committed, can deal with role dichotomy
Recruitment Role of Boards
• Recruit and retain senior staff person to run the
corporation
• Manage the CEO/Senior Manager
• Support training and development
• Ongoing performance evaluation of Senior
Manager

• Two-way communication
Legal Overview
• There are many types of business entities defined
in the legal system•

These include corporations, cooperatives,
partnerships, sole proprietorships and limited
liability companies
Continued
•

Builds strong relationships with members, clients and other key
stakeholders

•

 Actively involved in Strategic Planning

•

 Implements systems and controls to safe guard finances

•

 Selects, supports, advises, evaluates and terminates the Executive
Director/CEO

•

 Provides and develops institutionalized accountability structure

•

 Focuses on results and impact of its services

•

 Makes objective and independent decisions based on solid
information
Legal Overview
•

DIFFERENT CORPORATE STRUCTURES

•

Non-Indigenous Companies
• Shareholders
• Directors
• Officers

•

Indigenous Companies
• How do they from non-indigenous companies?
• Community members
• Chief and Council

•

Partnerships
• What types of partnerships are there?
• How do they differ from each other?

•

Parent Entities
• What are they and when do you need them?
Continued
•

WHEN AND HOW TO CHOOSE A STRUCTURE (Compare/Contrast)

•

Only incorporate if you have a deal!

•

Protection from Liability
• Liability of People (Owners, Chief and Council, Directors)
• Asset Protection & Profit/Loss: Who bears the risk?
• Case law

•

Tax Considerations
• On-reserve vs. off-reserve

•

Management and Control
• Reporting, participation, changes, business planning

•

Complexity and Cost
Foundation of Formal
Partnerships
• Letters of Agreement
• Partnership Agreement
• Contracts

• Shareholders Agreement
• Society Constitution
Role and Responsibility
•

BUSINESS ASSETS = COMMUNAL ASSETS

•

Chief & Council have a fiduciary duty to manage
communal assets

•

“Separation of Business and Politics” – What does this
mean?

•

Chief and Council involvement/control – striking a balance
• Role of Board of Directors
• Role of Chief and Council
Continued
• Communications: Board -- Chief and Council -- members
• Members of Council on Board of directors
• Formal reporting obligations
• Advisory committees

• Legal structure to meet governance goals
• Shareholders
• Directors
• Articles – tailoring corporate governing documents to
meet indigenous company needs
Key elements of starting an
Ec Dev Corp
•

Issues to be considered

•

Defining goals and objectives of the process

•

Determining milestones or targets with timelines

•

How to add an issue/factor

•

Sharing of information

•

Dealing with media

•

Designation of roles

•

Involvement of legal counsel, financial advisory or technical advisors

•

What happens without agreement

•

Decision making framework

•

Conflict management
Example of Key
Questions
• What interests are present?
• What issues are being considered?
• How will the parties access information?

• How will the parties deal with external interests?
• How will the agreement be defined?
• How will the cost of the process be met?
Key Elements for Agreement
–Process Initiation
• Identify purpose of process- goals and interests
• Identify necessary Commitments
• Who needs to be involved?
• How will decisions be made?
• How should the process be structured?
• How will activities be established- record keeping, agendas?
• Conduct of discussions
• How to prioritize projects
Board Strategy
• Approve the vision and mission
• Engage in planning
• Identify and weigh risks

• Approve the plan and strategies
• Oversee and monitor plan implementation
• Monitor performance of organization
Board continued
•

Determine a governance model and ensure that appropriate organizational policies and
structures are in place

•

Participate in the development of a mission and strategic plan for the organization

•

Hire and ensure that an effective management team is in place (i.e., Executive Director)

•

Maintain effective partnerships and communication with the community, the organization's
members and its stakeholders

•

Maintain fiscal responsibility, including raising income, managing income, and approving and
monitoring annual budgets

•

Ensure transparency in all communication to members, stakeholders and the public

•

Evaluate the organization's work in relation to a strategic plan

•

Evaluate the work of the board of directors, ensuring continuous renewal of the board, and
plan for the succession and diversity of the board
Continued
• Contracts
• Proposals/grants – funding agreements
• Leases/rentals/ agreements
• Insurance - Get a copy of your Directors and Officers
Liability insurance policy, your Comprehensive
Insurance policy, or any other insurance policies and
read them.
• Organizational Calendar - Make a note of any
deadlines or renewal dates and add them to your
Organizational Calendar
Directors
•

Act in the best interests of the organization

•

Understand the roles and responsibilities of being a board member

•

Be familiar with the organization's bylaws, policies and procedures, strategic plan, mission,
etc.

•

Ensure he/she avoids conflicts of interest including operating in the best interest of the
organization not in self-interest or the interest of a stakeholder group

•

Respect confidentiality policies that pertain to membership and board discussions

•

Keep informed about the organization's financial activity and legal obligations

•

Bring his/her own skills, experience and knowledge to the organization

•

Attend board meetings regularly and arrive prepared for meetings

•

Support board decisions once they have been voted on
Types of Policy
Board decision-making and meeting practices (usually covered partially by by-laws)
•

♦ Conflict of interest

•

♦ Board member conduct

•

♦ Role, responsibilities, and authority of the executive director or CEO

•

♦ Financial management

•

♦ Personnel, hiring and other human resource practices

•

♦ Treatment and protection of consumers, customers, clients or users

•

♦ Fundraising (including ethical considerations)

•

♦ Advocacy and public education

•

♦ Accountability to members, stakeholders and community (may be partially addressed by 
laws in
references to annual general meeting and annual financial report)

Operational Policies 
Some organizations also try to distinguish between board or governing policies and management or
operational policies. Also use Comprehensive Community Plan and Land Use plan as guiding documents for development
Organizational Binder
•

Creating an organizational binder keeps all your important information in one place for easy reference
and tracking and contains:

•

Governing statute – incorporation papers - Certificate of Incorporation

•

Key dates - note of any deadlines or other important dates in your Organizational Calendar.

•

Policies and practice – bylaws

•

Minutes of board meetings

•

Minutes of AGMs

•

Minutes of committees

•

Financial affairs - annual budget , your audited financial statements, and , monthly or quarterly financial
statements you receive as a board member. -Notes your organization‟s major sources of revenue. Notes your
organization‟s major expenses. Note your organization‟s debts.
Example WEDC
• Example- The Wuikinuxv Economic Development
Corporation, Wedco, is owned by the Wuikinuxv Nation and
its purpose is to foster economic development for the Nation
and its members.
• The corporation is structured as an independent business
that operates at arm‟s length from the influence of Wuikinuxv
council and administration.
• The shares of the Corporation are held in trust by a set of
trustees which are composed of Wuikinuxv members
appointed by Wuikinuxv Council.
•

The trustees appoint the board of directors that manage the
corporation.
• Thank you!
•
•
•
•
•

Please contact Carol Anne Hilton at
250 508 1778
cawaaknis@me.com
www.transformationinternational.ca
Twitter @Hesquiaht

Weitere ähnliche Inhalte

Was ist angesagt?

Board Roles and Responsibilities
Board Roles and ResponsibilitiesBoard Roles and Responsibilities
Board Roles and ResponsibilitiesDaniel Kronovet
 
Iedc ec. dev and workforce dev collaboration
Iedc ec. dev and workforce dev collaborationIedc ec. dev and workforce dev collaboration
Iedc ec. dev and workforce dev collaborationColleen LaRose
 
Some best practices in economic development and workforce development collabo...
Some best practices in economic development and workforce development collabo...Some best practices in economic development and workforce development collabo...
Some best practices in economic development and workforce development collabo...Colleen LaRose
 
Is there any overlap between Corporate Governance and Public Reporting?
Is there any overlap between Corporate Governance and Public Reporting?Is there any overlap between Corporate Governance and Public Reporting?
Is there any overlap between Corporate Governance and Public Reporting?James AH Campbell
 
Presentation on resource mobilisation by Ranjit Sinha
Presentation on resource mobilisation by Ranjit SinhaPresentation on resource mobilisation by Ranjit Sinha
Presentation on resource mobilisation by Ranjit SinhaRanjit Sinha
 
A business approach to expanding employment opportunities redf
A business approach to expanding employment opportunities   redfA business approach to expanding employment opportunities   redf
A business approach to expanding employment opportunities redfAndy Soper
 
27.04.2012 Corporate governance training for directors, Anar Aliyev
27.04.2012 Corporate governance training for directors, Anar Aliyev 27.04.2012 Corporate governance training for directors, Anar Aliyev
27.04.2012 Corporate governance training for directors, Anar Aliyev The Business Council of Mongolia
 
Getting your workforce system involved in a local Comprehensive Economic Deve...
Getting your workforce system involved in a local Comprehensive Economic Deve...Getting your workforce system involved in a local Comprehensive Economic Deve...
Getting your workforce system involved in a local Comprehensive Economic Deve...Colleen LaRose
 
Loan Fund Program Informational Meeting
Loan Fund Program Informational MeetingLoan Fund Program Informational Meeting
Loan Fund Program Informational Meetingtiffanycfslc
 
Corporate Governance for IFC
Corporate Governance for IFCCorporate Governance for IFC
Corporate Governance for IFCHITESH JAIN
 
From Wired to What's Next
From Wired to What's NextFrom Wired to What's Next
From Wired to What's NextColleen LaRose
 
Simone Di Castri CGAP Microfinance Regulation And Supervision Presentat...
Simone Di Castri   CGAP   Microfinance Regulation And Supervision   Presentat...Simone Di Castri   CGAP   Microfinance Regulation And Supervision   Presentat...
Simone Di Castri CGAP Microfinance Regulation And Supervision Presentat...Simone di Castri
 
Business Credit Workshop
Business Credit WorkshopBusiness Credit Workshop
Business Credit WorkshopSean Salas
 

Was ist angesagt? (20)

ICSA Jersey Conference 2017, 27 April
ICSA Jersey Conference 2017, 27 AprilICSA Jersey Conference 2017, 27 April
ICSA Jersey Conference 2017, 27 April
 
Board Roles and Responsibilities
Board Roles and ResponsibilitiesBoard Roles and Responsibilities
Board Roles and Responsibilities
 
Royal Bank of Canada
Royal Bank of CanadaRoyal Bank of Canada
Royal Bank of Canada
 
Iedc ec. dev and workforce dev collaboration
Iedc ec. dev and workforce dev collaborationIedc ec. dev and workforce dev collaboration
Iedc ec. dev and workforce dev collaboration
 
Some best practices in economic development and workforce development collabo...
Some best practices in economic development and workforce development collabo...Some best practices in economic development and workforce development collabo...
Some best practices in economic development and workforce development collabo...
 
Is there any overlap between Corporate Governance and Public Reporting?
Is there any overlap between Corporate Governance and Public Reporting?Is there any overlap between Corporate Governance and Public Reporting?
Is there any overlap between Corporate Governance and Public Reporting?
 
Presentation on resource mobilisation by Ranjit Sinha
Presentation on resource mobilisation by Ranjit SinhaPresentation on resource mobilisation by Ranjit Sinha
Presentation on resource mobilisation by Ranjit Sinha
 
Building Better Board of Directors
Building Better Board of DirectorsBuilding Better Board of Directors
Building Better Board of Directors
 
A business approach to expanding employment opportunities redf
A business approach to expanding employment opportunities   redfA business approach to expanding employment opportunities   redf
A business approach to expanding employment opportunities redf
 
ABCs of Building Better Boards
ABCs of Building Better BoardsABCs of Building Better Boards
ABCs of Building Better Boards
 
27.04.2012 Corporate governance training for directors, Anar Aliyev
27.04.2012 Corporate governance training for directors, Anar Aliyev 27.04.2012 Corporate governance training for directors, Anar Aliyev
27.04.2012 Corporate governance training for directors, Anar Aliyev
 
ICSA Guernsey Conference 2017, 26 April
ICSA Guernsey Conference 2017, 26 April ICSA Guernsey Conference 2017, 26 April
ICSA Guernsey Conference 2017, 26 April
 
Getting your workforce system involved in a local Comprehensive Economic Deve...
Getting your workforce system involved in a local Comprehensive Economic Deve...Getting your workforce system involved in a local Comprehensive Economic Deve...
Getting your workforce system involved in a local Comprehensive Economic Deve...
 
Loan Fund Program Informational Meeting
Loan Fund Program Informational MeetingLoan Fund Program Informational Meeting
Loan Fund Program Informational Meeting
 
Strategic Planning, TN Basic Economic Development Course 2013
Strategic Planning, TN Basic Economic Development Course 2013Strategic Planning, TN Basic Economic Development Course 2013
Strategic Planning, TN Basic Economic Development Course 2013
 
Corporate Governance for IFC
Corporate Governance for IFCCorporate Governance for IFC
Corporate Governance for IFC
 
ICSA Annual Conference; Day 1, 13.30
ICSA Annual Conference; Day 1, 13.30ICSA Annual Conference; Day 1, 13.30
ICSA Annual Conference; Day 1, 13.30
 
From Wired to What's Next
From Wired to What's NextFrom Wired to What's Next
From Wired to What's Next
 
Simone Di Castri CGAP Microfinance Regulation And Supervision Presentat...
Simone Di Castri   CGAP   Microfinance Regulation And Supervision   Presentat...Simone Di Castri   CGAP   Microfinance Regulation And Supervision   Presentat...
Simone Di Castri CGAP Microfinance Regulation And Supervision Presentat...
 
Business Credit Workshop
Business Credit WorkshopBusiness Credit Workshop
Business Credit Workshop
 

Ähnlich wie Starting a First Nation’s Economic Development Corporation Workshop

Organizational sustainability
Organizational sustainabilityOrganizational sustainability
Organizational sustainabilityNur Agustinus
 
Financial Training for Board Members
Financial Training for Board MembersFinancial Training for Board Members
Financial Training for Board MembersAplos Software
 
C2C Forum no2 Steve Allen final
C2C Forum no2 Steve Allen finalC2C Forum no2 Steve Allen final
C2C Forum no2 Steve Allen finalPhilip Locke
 
Board Governance, Stakeholder Focus and Integrated Reporting
Board Governance, Stakeholder Focus and Integrated Reporting Board Governance, Stakeholder Focus and Integrated Reporting
Board Governance, Stakeholder Focus and Integrated Reporting James Deiotte
 
Nonprofit Board of Directors Best Practices
Nonprofit Board of Directors Best Practices Nonprofit Board of Directors Best Practices
Nonprofit Board of Directors Best Practices Grace Dunlap
 
Recruiting Trustees to your charity
Recruiting Trustees to your charityRecruiting Trustees to your charity
Recruiting Trustees to your charityBusiness Connectors
 
Getting the Governance you Deserve!
Getting the Governance you Deserve!Getting the Governance you Deserve!
Getting the Governance you Deserve!Friedman Associates
 
Cg and community
Cg and communityCg and community
Cg and communityMerin12345
 
Strengthening Your SWOT and Building Wealth
Strengthening Your SWOT and Building WealthStrengthening Your SWOT and Building Wealth
Strengthening Your SWOT and Building Wealthnado-web
 
Beppt corporate governance
Beppt corporate governanceBeppt corporate governance
Beppt corporate governancehareshzaloriya
 
Factors for Success in Cooperative Operations
Factors for Success in Cooperative OperationsFactors for Success in Cooperative Operations
Factors for Success in Cooperative OperationsJo Balucanag - Bitonio
 

Ähnlich wie Starting a First Nation’s Economic Development Corporation Workshop (20)

Organizational sustainability
Organizational sustainabilityOrganizational sustainability
Organizational sustainability
 
Financial Training for Board Members
Financial Training for Board MembersFinancial Training for Board Members
Financial Training for Board Members
 
C2C Forum no2 Steve Allen final
C2C Forum no2 Steve Allen finalC2C Forum no2 Steve Allen final
C2C Forum no2 Steve Allen final
 
What every new trustee should know
What every new trustee should knowWhat every new trustee should know
What every new trustee should know
 
Board Governance, Stakeholder Focus and Integrated Reporting
Board Governance, Stakeholder Focus and Integrated Reporting Board Governance, Stakeholder Focus and Integrated Reporting
Board Governance, Stakeholder Focus and Integrated Reporting
 
Nonprofit Board of Directors Best Practices
Nonprofit Board of Directors Best Practices Nonprofit Board of Directors Best Practices
Nonprofit Board of Directors Best Practices
 
Recruiting Trustees to your charity
Recruiting Trustees to your charityRecruiting Trustees to your charity
Recruiting Trustees to your charity
 
Getting the Governance you Deserve!
Getting the Governance you Deserve!Getting the Governance you Deserve!
Getting the Governance you Deserve!
 
Leon Mexter, Youth Focus NE
Leon Mexter, Youth Focus NELeon Mexter, Youth Focus NE
Leon Mexter, Youth Focus NE
 
LPS 1.pptx
LPS 1.pptxLPS 1.pptx
LPS 1.pptx
 
Cg and community
Cg and communityCg and community
Cg and community
 
HBL vs MCB
HBL vs MCBHBL vs MCB
HBL vs MCB
 
ED Module-II.pptx
ED Module-II.pptxED Module-II.pptx
ED Module-II.pptx
 
The Essentials of Board Governance
The Essentials of Board GovernanceThe Essentials of Board Governance
The Essentials of Board Governance
 
Strengthening Your SWOT and Building Wealth
Strengthening Your SWOT and Building WealthStrengthening Your SWOT and Building Wealth
Strengthening Your SWOT and Building Wealth
 
Prep My CDFI!
Prep My CDFI!Prep My CDFI!
Prep My CDFI!
 
2013 board training-mpa
2013 board training-mpa2013 board training-mpa
2013 board training-mpa
 
Beppt corporate governance
Beppt corporate governanceBeppt corporate governance
Beppt corporate governance
 
Introduction to corporate finance
Introduction to corporate financeIntroduction to corporate finance
Introduction to corporate finance
 
Factors for Success in Cooperative Operations
Factors for Success in Cooperative OperationsFactors for Success in Cooperative Operations
Factors for Success in Cooperative Operations
 

Mehr von icablearning

Strengthening Aboriginal Entrepreneurship
Strengthening Aboriginal Entrepreneurship Strengthening Aboriginal Entrepreneurship
Strengthening Aboriginal Entrepreneurship icablearning
 
Managing Wealth and Community Change
Managing Wealth and Community ChangeManaging Wealth and Community Change
Managing Wealth and Community Changeicablearning
 
Branding and Communications
Branding and Communications Branding and Communications
Branding and Communications icablearning
 
Environmental Management Process-david leung
Environmental Management Process-david leungEnvironmental Management Process-david leung
Environmental Management Process-david leungicablearning
 
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...Sector Development Forging New & Effective Partnerships (Strategic Partnershi...
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...icablearning
 
Enhancing the Value of Aboriginal Assets - Brian Kinzie
Enhancing the Value of Aboriginal Assets - Brian KinzieEnhancing the Value of Aboriginal Assets - Brian Kinzie
Enhancing the Value of Aboriginal Assets - Brian Kinzieicablearning
 
Choosing & Contracting Consultants A Procurement Guide for First Nations
Choosing & Contracting Consultants A Procurement Guide for First Nations Choosing & Contracting Consultants A Procurement Guide for First Nations
Choosing & Contracting Consultants A Procurement Guide for First Nations icablearning
 
Fundamentals of Strategic Planning - Helder Ponte
Fundamentals of Strategic Planning - Helder PonteFundamentals of Strategic Planning - Helder Ponte
Fundamentals of Strategic Planning - Helder Ponteicablearning
 
Supporting Community Entrepreneurs: Business Startup Basics
Supporting Community Entrepreneurs: Business Startup BasicsSupporting Community Entrepreneurs: Business Startup Basics
Supporting Community Entrepreneurs: Business Startup Basicsicablearning
 
Economic Development Lands Planning Pilot Project
Economic Development Lands Planning Pilot ProjectEconomic Development Lands Planning Pilot Project
Economic Development Lands Planning Pilot Projecticablearning
 
Leveraging First Nations Equity - Michael Bonshor
Leveraging First Nations Equity - Michael BonshorLeveraging First Nations Equity - Michael Bonshor
Leveraging First Nations Equity - Michael Bonshoricablearning
 

Mehr von icablearning (11)

Strengthening Aboriginal Entrepreneurship
Strengthening Aboriginal Entrepreneurship Strengthening Aboriginal Entrepreneurship
Strengthening Aboriginal Entrepreneurship
 
Managing Wealth and Community Change
Managing Wealth and Community ChangeManaging Wealth and Community Change
Managing Wealth and Community Change
 
Branding and Communications
Branding and Communications Branding and Communications
Branding and Communications
 
Environmental Management Process-david leung
Environmental Management Process-david leungEnvironmental Management Process-david leung
Environmental Management Process-david leung
 
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...Sector Development Forging New & Effective Partnerships (Strategic Partnershi...
Sector Development Forging New & Effective Partnerships (Strategic Partnershi...
 
Enhancing the Value of Aboriginal Assets - Brian Kinzie
Enhancing the Value of Aboriginal Assets - Brian KinzieEnhancing the Value of Aboriginal Assets - Brian Kinzie
Enhancing the Value of Aboriginal Assets - Brian Kinzie
 
Choosing & Contracting Consultants A Procurement Guide for First Nations
Choosing & Contracting Consultants A Procurement Guide for First Nations Choosing & Contracting Consultants A Procurement Guide for First Nations
Choosing & Contracting Consultants A Procurement Guide for First Nations
 
Fundamentals of Strategic Planning - Helder Ponte
Fundamentals of Strategic Planning - Helder PonteFundamentals of Strategic Planning - Helder Ponte
Fundamentals of Strategic Planning - Helder Ponte
 
Supporting Community Entrepreneurs: Business Startup Basics
Supporting Community Entrepreneurs: Business Startup BasicsSupporting Community Entrepreneurs: Business Startup Basics
Supporting Community Entrepreneurs: Business Startup Basics
 
Economic Development Lands Planning Pilot Project
Economic Development Lands Planning Pilot ProjectEconomic Development Lands Planning Pilot Project
Economic Development Lands Planning Pilot Project
 
Leveraging First Nations Equity - Michael Bonshor
Leveraging First Nations Equity - Michael BonshorLeveraging First Nations Equity - Michael Bonshor
Leveraging First Nations Equity - Michael Bonshor
 

Kürzlich hochgeladen

HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGlokeshwarmaha
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfCharles Cotter, PhD
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato pptElizangelaSoaresdaCo
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023Steve Rader
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyHanna Klim
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 

Kürzlich hochgeladen (20)

HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
 
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato ppt
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agency
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 

Starting a First Nation’s Economic Development Corporation Workshop

  • 1. Links to Learning Starting a First Nation’s Economic Development Corporation Workshop December 18th, 2013 8 am 11 am Westin Bayshore By Transformation: Social and Economic Development Carol Anne Hilton, MBA For AFOA BC
  • 2. Outline • Why an Economic Development Corporation? • Vision and Mandate • Legal overview • Structure • Functions- HR, operations, finance, marketing, and governance • Board strategy • Link to lands management
  • 3. Why a Development Corporation? • Systematically remove barriers to development • Is a structure for accessing business opportunity • Structure to manage business, projects and distinguish from the FN Government • Separate risk from the FN
  • 4. The Development Corporation • Is a vehicle that communities create in order to travel toward a destination • Corporate/business approach- instead of program/services • Means to access business funding- capital/equity
  • 5. The Development Corporation • EDCs are the economic and business development arm • Responsible for developing a Strategic Plan, and approving annual business plans and budgets consistent with the Strategic Plan. • The Board also approves new business ventures, contracts and major financial transactions
  • 6. Continued • Support of new and existing economic development projects and businesses • Increase investment readiness • Increase engagement with outside partners and organizations • Container for development • Pivotal point of business relationships • Entry point for industry participation
  • 7. Example: White Cap Dakota • Economic Mission • “To create an economically self-sustaining community with financially independent members through the effective use of economic tools that maximize the available resources, respect the Dakota culture and protect the environment while protecting and enhancing inherent rights.”
  • 8. Example: Na Cho Nuk Dun First Nation • The primate mandate of NND Development Corporation as the primary business arm of the NND Government is to maximize NND‟s economic interests. This will be achieved through investment and development in three solid industries: • ■ Mining/Reclamation – utilizes and maximizes existing resources effectively and efficiently while developing skills and technology throughout North America.
■ Renewable Energy – is a growth industry of hat NND is in a perfect position to capitalize on.
■ Real Estate – proven track record of cash flow and equity preservation.
  • 9. Vision Statements A vision is: • Often confused with mission, goals, statement of purpose, and other terms used by organizations. • The preferred future, a desirable state, and ideal state • A general statement encompassing the direction an organization wants to take and the desired end result once it gets there. It is the vision of what those involved what their organization to become or impact it will have
  • 10. Vision Checklist • Provides the necessary framework within which business planning occurs • Tells how to see the future • Sets out the desired destination • Remember simplicity is best! • Embrace key values of the organization/community • Focus on key words and outcomes
  • 11. Vision Examples • Enhance and strengthen the Long Plain First Nation economic base and meet the employment and economic needs of its citizens. • We, the Champagne and Aishihik First Nations people and our government, shall promote a healthy, unified and self-reliant people, while conserving and enhancing our environment and culture.
  • 12. Vision Samples (cont’d) • To achieve self-reliance through economic development and to preserve the First Nation culture through the creation of jobs on our lands for future generations – Osoyoos Indian Band • To create economic opportunities and develop business initiatives and partnerships for the primary benefit of our First Nation communities both on and off reserve Wasaya Group, A Native Venture Corp.
  • 13. Vision Samples (cont’d) • To initiate, develop and manage business opportunities which are compatible with Cowichan Tribes culture and heritage. KDC shall strive to maximize long term profitability to support economic development and capacity building to be full participants in the local, regional and national economy – Khowutzun Development Corporation.
  • 14. Vision Samples (cont’d) • The Burns Lake Native Development Corporation will empower member First Nations to realize their economic aspirations within their traditional territories – Burns Lake Native Development Corporation. • To create a strong and diverse tourism and business climate for the economic and social benefit of the people of Nocona and its surrounding areas.
  • 15. Core Business Functions • 1) HR • 2)Administration/operations • 3) Finance • 4) Marketing • 5) Governance
  • 16. Human Resource Management • Develop a long-term strategy for recruitment and retention. • The board and the senior management team must recognize that human resources is a primary focus for the organization. • This includes Corporation staff and recruitment of Board members.
  • 17. Pyramids of Reporting Community Directors Board Corporatio n CEO Managers Employees Partners/Clients
  • 18. Board vs. Staff Role Board Staff Provides strategic direction Recruits and manages senior staff person (Corporation CEO) Sets the vision and Mission Supports Board in planning Recruits and manages Corporation staff Implements the Corporation‟s strategic and operational plans Implements operational plan and oversees budget Monitors outcomes and performance
  • 19. Financial Models Types of transactional models: 1. Fixed annual payments 2. Royalties based on outputs 3. Royalties based on value of outputs 4. Profit based royalties 5. Equity participation of shareholders
  • 20. Wealth Management • Wealth management is an investment advisory process that incorporates financial planning and investment portfolio management • Wealth management calls for credentialed financial advisory - to coordinate retail banking, estate planning, legal resources, finance and tax professionals and investment management to maximize wealth • The emerging „high net Nation‟
  • 21. Wealth Management • First Nations are moving from the „underdevelopment of reserves‟ towards wealth management through economic development and legal frameworks • Nation building and wealth management are parallel processes • need to manage investment risks, the need for sound financial advice, and a solid financial for First Nation governments.
  • 22. Governance-Key Roles of the Board • Providing strategic direction to the organization • Manage the Senior staff person of the Corporation • Monitor performance • Risk identification and oversight • Governance systems and processes
  • 23. Signs of good governance • Accountability and Transparency • Legitimacy and Voice • Direction • Performance • Fairness
  • 24. Risk Management • The process of risk management is a simple three-part activity. It involves: • looking at a situation and asking what can go wrong and what harm could result; • identifying practical measures that can be taken to keep such harm from occurring; and • if harm does occur, identifying practical measures that can be taken to lessen the impacts of harm and pay for any resulting damage or losses.
  • 25. Recruiting the Board • Organization, Mission and Values • Values • Desire • Availability • Complementary • Motivation
  • 26. Selecting Directors • Ensure a broad talent pool • Diversify board membership • Develop a matrix of potential Directors • Revolving succession list • Ensure bylaws have a turnover requirement • Regular and ongoing evaluation • Clear expectations of Directors
  • 27. Competencies of Directors • Knowledge, experiences • Relationships and connections • Aligned with values and culture of the organization • Familiarity with Governance/Boards • Committed, can deal with role dichotomy
  • 28. Recruitment Role of Boards • Recruit and retain senior staff person to run the corporation • Manage the CEO/Senior Manager • Support training and development • Ongoing performance evaluation of Senior Manager • Two-way communication
  • 29. Legal Overview • There are many types of business entities defined in the legal system• These include corporations, cooperatives, partnerships, sole proprietorships and limited liability companies
  • 30. Continued • Builds strong relationships with members, clients and other key stakeholders •  Actively involved in Strategic Planning •  Implements systems and controls to safe guard finances •  Selects, supports, advises, evaluates and terminates the Executive Director/CEO •  Provides and develops institutionalized accountability structure •  Focuses on results and impact of its services •  Makes objective and independent decisions based on solid information
  • 31. Legal Overview • DIFFERENT CORPORATE STRUCTURES • Non-Indigenous Companies • Shareholders • Directors • Officers • Indigenous Companies • How do they from non-indigenous companies? • Community members • Chief and Council • Partnerships • What types of partnerships are there? • How do they differ from each other? • Parent Entities • What are they and when do you need them?
  • 32. Continued • WHEN AND HOW TO CHOOSE A STRUCTURE (Compare/Contrast) • Only incorporate if you have a deal! • Protection from Liability • Liability of People (Owners, Chief and Council, Directors) • Asset Protection & Profit/Loss: Who bears the risk? • Case law • Tax Considerations • On-reserve vs. off-reserve • Management and Control • Reporting, participation, changes, business planning • Complexity and Cost
  • 33. Foundation of Formal Partnerships • Letters of Agreement • Partnership Agreement • Contracts • Shareholders Agreement • Society Constitution
  • 34. Role and Responsibility • BUSINESS ASSETS = COMMUNAL ASSETS • Chief & Council have a fiduciary duty to manage communal assets • “Separation of Business and Politics” – What does this mean? • Chief and Council involvement/control – striking a balance • Role of Board of Directors • Role of Chief and Council
  • 35. Continued • Communications: Board -- Chief and Council -- members • Members of Council on Board of directors • Formal reporting obligations • Advisory committees • Legal structure to meet governance goals • Shareholders • Directors • Articles – tailoring corporate governing documents to meet indigenous company needs
  • 36. Key elements of starting an Ec Dev Corp • Issues to be considered • Defining goals and objectives of the process • Determining milestones or targets with timelines • How to add an issue/factor • Sharing of information • Dealing with media • Designation of roles • Involvement of legal counsel, financial advisory or technical advisors • What happens without agreement • Decision making framework • Conflict management
  • 37. Example of Key Questions • What interests are present? • What issues are being considered? • How will the parties access information? • How will the parties deal with external interests? • How will the agreement be defined? • How will the cost of the process be met?
  • 38. Key Elements for Agreement –Process Initiation • Identify purpose of process- goals and interests • Identify necessary Commitments • Who needs to be involved? • How will decisions be made? • How should the process be structured? • How will activities be established- record keeping, agendas? • Conduct of discussions • How to prioritize projects
  • 39. Board Strategy • Approve the vision and mission • Engage in planning • Identify and weigh risks • Approve the plan and strategies • Oversee and monitor plan implementation • Monitor performance of organization
  • 40. Board continued • Determine a governance model and ensure that appropriate organizational policies and structures are in place • Participate in the development of a mission and strategic plan for the organization • Hire and ensure that an effective management team is in place (i.e., Executive Director) • Maintain effective partnerships and communication with the community, the organization's members and its stakeholders • Maintain fiscal responsibility, including raising income, managing income, and approving and monitoring annual budgets • Ensure transparency in all communication to members, stakeholders and the public • Evaluate the organization's work in relation to a strategic plan • Evaluate the work of the board of directors, ensuring continuous renewal of the board, and plan for the succession and diversity of the board
  • 41. Continued • Contracts • Proposals/grants – funding agreements • Leases/rentals/ agreements • Insurance - Get a copy of your Directors and Officers Liability insurance policy, your Comprehensive Insurance policy, or any other insurance policies and read them. • Organizational Calendar - Make a note of any deadlines or renewal dates and add them to your Organizational Calendar
  • 42. Directors • Act in the best interests of the organization • Understand the roles and responsibilities of being a board member • Be familiar with the organization's bylaws, policies and procedures, strategic plan, mission, etc. • Ensure he/she avoids conflicts of interest including operating in the best interest of the organization not in self-interest or the interest of a stakeholder group • Respect confidentiality policies that pertain to membership and board discussions • Keep informed about the organization's financial activity and legal obligations • Bring his/her own skills, experience and knowledge to the organization • Attend board meetings regularly and arrive prepared for meetings • Support board decisions once they have been voted on
  • 43. Types of Policy Board decision-making and meeting practices (usually covered partially by by-laws) • ♦ Conflict of interest • ♦ Board member conduct • ♦ Role, responsibilities, and authority of the executive director or CEO • ♦ Financial management • ♦ Personnel, hiring and other human resource practices • ♦ Treatment and protection of consumers, customers, clients or users • ♦ Fundraising (including ethical considerations) • ♦ Advocacy and public education • ♦ Accountability to members, stakeholders and community (may be partially addressed by 
laws in references to annual general meeting and annual financial report) Operational Policies 
Some organizations also try to distinguish between board or governing policies and management or operational policies. Also use Comprehensive Community Plan and Land Use plan as guiding documents for development
  • 44. Organizational Binder • Creating an organizational binder keeps all your important information in one place for easy reference and tracking and contains: • Governing statute – incorporation papers - Certificate of Incorporation • Key dates - note of any deadlines or other important dates in your Organizational Calendar. • Policies and practice – bylaws • Minutes of board meetings • Minutes of AGMs • Minutes of committees • Financial affairs - annual budget , your audited financial statements, and , monthly or quarterly financial statements you receive as a board member. -Notes your organization‟s major sources of revenue. Notes your organization‟s major expenses. Note your organization‟s debts.
  • 45. Example WEDC • Example- The Wuikinuxv Economic Development Corporation, Wedco, is owned by the Wuikinuxv Nation and its purpose is to foster economic development for the Nation and its members. • The corporation is structured as an independent business that operates at arm‟s length from the influence of Wuikinuxv council and administration. • The shares of the Corporation are held in trust by a set of trustees which are composed of Wuikinuxv members appointed by Wuikinuxv Council. • The trustees appoint the board of directors that manage the corporation.
  • 46. • Thank you! • • • • • Please contact Carol Anne Hilton at 250 508 1778 cawaaknis@me.com www.transformationinternational.ca Twitter @Hesquiaht

Hinweis der Redaktion

  1. IMAGINE CANADA- board training Don McCreesh-
  2. What do you want your Dev Corp to do for you?
  3. What will the wrong Vision statement do?
  4. Role of operational plan Mandate- ie? create jobs- needs more
  5. Is about risk, ownership and taxation