Workers Compensation Board
The Workers Compensation Board of Directors is responsible for the governance and strategic planning of the organization. The Board establishes policies and programs required for the administration of the Workers Compensation Act and the Occupational Health and Safety Act.
What is the function of the board?
The Board’s legislated responsibilities include:
approval of Workers Compensation Board governance and program policies;
approval of annual operating and capital budgets;
approval of the creation and abolishment of staff positions;
appointment of external auditors;
approval of the Workers Compensation Board annual financial statements;
approval of the Workers Compensation Board Corporate Strategic Plan;
approval of purchase or sale of real property or construction of buildings;
approval of annual employer assessment rates.
Primary Role: Stewardship
Material Role: Strategic Development
How many people are on the board?
The Board shall be composed of a chairperson and as many members, equal in number, representative of employers and workers respectively, as the Lieutenant Governor in Council may determine, all of whom shall be appointed by the Lieutenant Governor in Council.
What are the requirements of board members?
-Work & Experience Requirements
No requirements specified in legislation but experience and knowledge in these core competencies would be an asset, as follows:
WCB System Knowledge
Stakeholders Relations/Communications
Governance and Board Experience
Ethics
Leadership
Financial and Investment Knowledge
Innovation and Change Management
Strategic Planning
Audit and Risk Management
Policy and Legislative/Regulatory Experience
-Skills Required
Sound judgment
Ability and willingness to ask challenging questions
Capable of a wide, balanced perspective
A high degree of commitment to Workers Compensation
Personal integrity and strong interpersonal skills.
Ability to read and understand written materials that involve complex issues, including financial statements, investment principles, medical conditions and legal issues.
What are the nomination requirements?
Statutory Nomination Requirements
The Lieutenant Governor in Council shall appoint all members.
Will I be paid?
Chair – $200/diem and Members – $142/diem
What is the time commitment of the board?
Board members attend approximately 30 meetings a year including regular monthly board meetings, special meetings, training opportunities, conference calls, and consultation with external stakeholders.
All new nominees will be contacted and required to provide a criminal record check prior to appointment. Members of the Board shall hold office for a term not exceeding three years, subject to removal from office by the Lieutenant Governor in Council for cause, and are eligible for reappointment. As there is a significant “learning curve” for new Board members, the past practice has been to appoint members with varying terms to provide for an orderly turnover of members.