Document name
Governance Policy
Document number
POL 18/2021

Effective date: January 1, 2022

Application: Applies to Board Members, Chief Executive Officer, WCB Management

Policy subject: General

Purpose:

To approve the Workers’ Compensation Board’s Governance Policy

BACKGROUND

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  1. The Workers’ Compensation Board (WCB) Board Members are responsible for the stewardship of the WCB, and to oversee the WCB's adherence to provisions of The Workers’ Compensation Act, 2013.
  2. The Board believes that a strong governance framework is necessary to ensure that it fulfils its responsibilities to workers and employers in the most effective manner. As a result, the Board is committed to ensuring that its governance structures and activities reflect sound governance principles.

POLICY

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  1. The Board Members hereby approve the Governance Policy that describes WCB’s public policy objectives and the governance framework, which has been adopted to achieve them.
  2. The Board Members will review the Governance Policy annually. It will be revised when appropriate to ensure alignment with:
    1. The Workers’ Compensation Act, 2013.
    2. The needs of the WCB, and
    3. Governance best practices.

Attachments

Attachments

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Legislative Authority

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Document History

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(1)    December 9, 2021. Updated to establish the Executive Committee.
(2)    September 16, 2021. Governance Policy and Protocols reviewed in light of section 4 of Bill 165, an amendment to The Workers’ Compensation Act, 2013, to change the composition of the Board to include three full-time members and up to four part-time members (from five full-time members).
(3)    POL 06/2021, Governance Policy (effective June 1, 2021 to December 31, 2021).
(4)    June 1, 2021. Updated to establish the Transformation Oversight Committee to provide governance over the Business Transformation Program and remove references to the WCB staff Defined Benefit Pension Plan that concluded in 2020.
(5)    POL 01/2021. Governance Policy (effective January 1, 2020 to May 31, 2021).
(6)    February 3, 2021. In 2019, the Board reviewed and agreed upon changes to the Governance Policy and Protocols. However, during the 2020/2021 governance review process, it was determined that formal approval of those amendments had not been documented. As the Board’s actions throughout 2020 had been governed by the 2019 Governance Policy as amended, a Special Meeting of the Board was held to finalize that approval effective January 1, 2020.
(7)    September 2019. Governance Policy and Protocols reviewed.
(8)    POL 01/2017, Governance Policy (effective June 24, 2017 to December 31, 2019).
(9)    POL 09/2014, Governance Policy (effective June 24, 2014 to January 16, 2017).
(10)    ADM POL 13/2000, Corporate Governance (effective January 1, 2001 to June 23, 2014).
(11)    ADM POL 04/2001, Mandate of the Audit Committee of the Board (effective June 4, 2001 to June 23, 2014).

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Complements

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POL 02/2021 Protocols – Board and Committee Meetings and Communications
POL 02/2019 Decision Making

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