Role of the Board of Directors

Sask Gaming is responsible to the Government of Saskatchewan through a Minister and a Board of Directors appointed by Cabinet. The Board is comprised of seven members, three of whom are nominated by the Chiefs' Legislative Assembly of the Federation of Saskatchewan Indian Nations (FSIN) as required under our governing legislation.

The Board of Directors functions as stewards of the Corporation, and has the authority and obligation to manage the affairs and the business of the Corporation. The Board supervises management, which is responsible for the day-to-day conduct of the business.

The Board also considers the legitimate interests of employees, suppliers, customers, communities and all levels of government in supervising the business of the Corporation.

The fundamental objective of the Board of Directors is to act in the best interests of the Corporation, taking into account the public policy and business objectives of the Corporation, with a view to enhancing shareholder value. In supervising the conduct of the business, the Board, through the President and CEO, sets the standards of conduct for the Corporation and exercises oversight regarding the operations.

 Compensation Practices

Compensation rates for Directors are set by the Board of Directors of the Crown Investments Corporation of Saskatchewan. Directors may receive per diems or partial per diems when they are engaged in work for the Corporation consisting of the performance of any duties on behalf of the Corporation or as a member of a Committee of the Board, in addition to those provided for attendance at meetings of the Board and its Committees.

The CIC Board sets compensation rates according to the level of responsibility of the Board. The maximum per diem for members of the Sask Gaming Board of Directors is as follows:

Chair         $600

Director     $500

Code of Conduct

Members of the Sask Gaming Board of Directors are governed by the CIC Code of Conduct for Directors of subsidiary Crown corporations. The CIC Code assists the boards of subsidiary crowns to more effectively fulfill their statutory and fiduciary obligations, and maintain a reputation for the highest standards of public trust and confidence in serving the interests of all stakeholders.

The Governance Committee, serving as Ethics Advisor to the Board, administers and enforces the CIC Code, reporting annually to the Board on compliance with the Code.