Board of Directors Resolutions - December 2017

December 13, 2017

BOD Committee Appointments

Ray Hession was appointed to the Governance Committee effective December 13, 2017

2018 Enterprise Risk Management Strategy

Approved the 2018 Enterprise Risk Management Strategy

2018 Corporate Risk Management Policy Update

Approved the 2018 Corporate Risk Management Policy

Approval of SIPPS – Annual Review of Statement of Investment Beliefs and Policies

  1. Reaffirmed the existing Statement of Investment Beliefs;
  2. Approved the Delegation of Investment Authority;
  3. Approved the revised Statement of Investment Policies and Procedures for the Insurance Fund;
  4. Approved the revised Statement of Investment Policies and Procedures for the Loss of Retirement Income Fund;
  5. Approved the revised Statement of Investment Policies and Procedures for the Employees’ Pension Fund; and
  6. Approved the revised Statement of Investment Policies and Procedures for the Employees’ Supplementary Pension Plan.

December 14:

Report to Stakeholders

Approved the unaudited Third Quarter 2017 Report to Stakeholders

Sufficiency Report to Stakeholders

Approved the unaudited Third Quarter 2017 Sufficiency Report to Stakeholders

Management Reporting System – 2018 Corporate Measures

Approved the 2018 Corporate Measures

Internal Audit Plan

Approved the 2018 Internal Audit Plan

Internal Audit Charter

Approved the revised Internal Audit Charter

Value For Money Report – Return to Work & Nurse Consultant

Approved the 2016 Value for Money Audit Report on Return to Work & Nurse Consultant for submission to the Minister of Labour in accordance with the Memorandum of Understanding.

Value for Money 2017 Candidate

Approved the Occupational Disease and Survivors Benefits Program as the  2017 VFMA candidate for submission to the Minister of Labour in accordance with the Memorandum of Understanding.

Schedule 2 – Prepayment of Administration Costs

Approval to rescind Board Order #30, Order 5 and authorize WSIB Senior Management to:

  1.  Terminate these arrangements for CP, CN and the City of Kingston as requested by them;
  2. Notify the other employers subject to these arrangements of the opportunity to opt out of these arrangements;
  3. Terminate these arrangements for any such employers upon receipt of a written request from them to do so; and
  4. these arrangements in a manner consistent with the Board Order (but no longer pursuant to the Board Order) for any such employers who do not opt out of such arrangements.