Investor Presentaiton
7 GOVERNANCE REQUIREMENTS
The investment board is a municipal services board or joint services board under the
Municipal Act, 2001. The municipality would delegate to the board control and management
of the municipality's investments (i.e. control of day-to-day investing).
An investment board cannot include members of council or municipal staff, with the
exception of a municipal treasurer.
Municipal council must develop an investment policy outlining the municipality's objectives
for return on investment, risk tolerance, liquidity needs and other considerations. The
investment board must adopt and maintain an investment plan that sets out how
investments would be carried out.
Each year, or more frequently as required by council, the investment board must prepare an
annual report, which would include a statement by the treasurer as to whether investments
are consistent with council's investment policy and the board's investment plan.View entire presentation