ID# 22-2223 Location: Regional Municipality of Wood Buffalo
FMWBED&T is a wholly owned, arm’s length entity of the RMWB, governed by an independent Board of Directors. The FMWBED&T is seeking a Board Chair to be appointed to FMWBED&T in Q2 of 2023.
The Board consists of broad thinkers representing a cross-section of business leaders and representatives from key industries who will promote economic development and growth of the RMWB.
The FMWBED&T Board Chair is responsible for Economic Development for the RMWB. In carrying out these responsibilities, the Board endeavours to maintain and seeks continuous improvement in high standards of Board governance. Some of the key governance functions of the Board include adopting and monitoring compliance with its code of ethics, reviewing and approving the FMWBED&T’s strategic plan and annual business plan, report on sustainability, succession planning (CEO), and satisfying itself that management has identified the principal risks of the business and implemented appropriate systems to manage those risks.
The Board meets quarterly and reports to Council, the sole shareholder, on an annual basis at an Annual General Meeting. They also develop and present an annual proposed budget to Council during the municipal budget process, and a quarterly report to Council on progress.
The Board currently has two committees (FARM -Finance, Audit & Risk Management; GHRP- Governance, HR & Performance) with Directors required to participate on at least one of the two committees. Newly appointed Directors are not appointed to a committee during their first year on the Board but are required to attend a meeting of each standing Committee as part of their orientation.
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