Prentice government begins review of provincial agencies
1st stage will focus on financial institutions reporting to province
Following up on Wednesday’s promise to restore Albertans’ faith in their government, Premier Jim Prentice announced his team will begin a review all 52 agencies reporting to the province.
Another 142 other agencies, boards and commissions (ABCs) that operate under the Alberta Public Agencies Governance Act will also be examined.
The reviews will examine governance, director, president and CEO appointment processes, succession planning, risk management strategies and conflict of interest policies.
Speaking Thursday, Prentice said the review is part of his commitment to ensure the right people are in the right jobs.
“Agencies, boards and commissions play a huge role in the success of any government. I am committed to strong public agency board governance, accountability and transparency,” said Prentice in a statement.
Prentice said the first agencies to be examined will be “key financial institutions,” including the Alberta Treasury Branches, Alberta Capital Finance Authority, Agriculture Financial Service and Alberta Investment Management Corporation.
Hugh Bolton, Linda Hohol and Larry Pollock have been tapped to conduct the initial financial reviews, and each have agreed to accept $1 a year for their services.
The first round of reviews is expected to be completed within two months.