Board of Directors
Mitchell Holash, Q.C., Chairperson
Jocelyn Hutchinson, Vice-Chairperson
Role of the Board
The primary function of the STC Board of Directors (Board) is to represent the shareholder
as stewards of the Corporation. The Board has a statutory authority and obligation
to oversee the affairs and business of the Corporation. The Board oversees Executive
Officers, who are responsible for day-to-day operations, and through the Chief Executive
Officer (CEO), sets the standards of organizational conduct and performance.
The CEO leads the development and implementation
of strategic initiatives, policies, operating and capital budgets, makes recommendations
and implements Board approved initiatives, liaises with the Minister acting on behalf
of the Province and shareholder, and manages the day-to-day business. The Minister
Responsible for STC and Cabinet are tasked to communicate broad objectives for
the Corporation and empower the Board to oversee the business of the Corporation.
The Board has its own Terms of Reference, along with responsibilities laid out in
accordance with the "best practices" for corporate governance, as developed
by the Canadian Securities Administrators.
The STC Board consists of independent directors who are appointed for a set
term by the Lieutenant Governor in Council. The Lieutenant Governor in Council also
designates the Chair and Vice Chair of the Board.
Corporate Governance Practices
STC’s approach to corporate governance practices is consistent with the guidelines
set forth in the Canadian Securities Administrators (CSA) National Policy 58-201
Corporate Governance Guidelines and National Instrument 58-101 Disclosure of Corporate
Governance Practices. These CSA guidelines outline national governance requirements
for publicly traded companies and address areas of responsibility for effective
corporate governance. While the Saskatchewan Transportation Company is not a publicly
traded company, its practices are benchmarked against these current industry best