The AIMCo Board Of Directors
In accordance with the Alberta Investment Management Corporation Act, the Board of Directors is responsible for overseeing the management of the business and affairs of AIMCo. Guided by this mandate, the Board sets the strategic direction of the Corporation and oversees the development and implementation of policies and procedures that govern the day-to-day conduct of AIMCo’s business. All directors are duly appointed to the Board by the Lieutenant Governor in Council and must have experience in investment management, finance, accounting or law, or have served as an executive or director with a large, publicly-traded company. Individuals should also have, to the extent practicable, experience in executive management of a substantial corporation. All directors are fully independent of management.
Directors are required by statute to act honestly and in good faith with a view to the best interests of the Corporation and, as such, are required to exercise due care, diligence and skill, and manage risk appropriately in their oversight of AIMCo.
AIMCo and its Board of Directors recognize and fully support diversity and inclusion for our workforce, our Board and for our investee companies. In assessing board candidates and selecting nominees for the AIMCo Board, the Governance/Nominating Committee will consider the diversity of skills, experience, geographic background, gender and age. Consistent with the AIMCo Board’s commitment to gender diversity, greater representation of qualified women on boards and robust board governance, the Board has a stated objective that at least 30% of AIMCo Directors should be women.
Mandate & Roles
AIMCo’s Mandate and Roles Document (MRD) fulfills the obligation that all agencies have clearly articulated roles and responsibilities, as required per Alberta’s Public Agencies Governance Framework. The MRD corroborates and confirms that AIMCo will continue to operate independently; will continue to have a diverse board of appropriately qualified individuals who together will satisfy requirements for specific competencies; and that the Board recruitment and nomination process will align to the Alberta Public Agencies Governance Act and applicable policies established by the Government of Alberta, yet still be consistent with best practices expected for a globally competitive institutional investment manager such as AIMCo.
Code of Conduct & Ethical Standards
AIMCo has adopted a Code of Conduct and Ethical Standards which contains principles and guidelines for ethical behaviour at AIMCo. The Code applies to all AIMCo employees, including executive officers, and AIMCo's Board of Directors. Compliance with the Code is a condition of employment with AIMCo.
In accordance with governance best practices, the Confidential Reporting policy and the accompanying reporting service provide all AIMCo employees, service providers and clients with the ability to confidently report any failure to comply with the Code of Conduct and Ethical Standards.
Confidential Reporting Hotline: 1-866-872-5107