A778.01 IS AR inside fp - Crown Investments Corporation

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C O R P O R A T E I N F O R M A T I O NCorporate OfficersJanet WightmanChief Executive OfficerJanet Wightman was appointed President and Chief Executive Officer ofInvestment Saskatchewan on May 1, 2004. Prior to joining Investment Saskatchewan,Ms. Wightman was the Executive Vice-President and Chief Operating Officer withFarm Credit Canada (FCC). In that role, she was accountable for all operationaldivisions within FCC including an overall portfolio of $10 billion and annualdisbursements of approximately $3 billion. She was also responsible for establishingtwo new businesses with FCC - FCC Ventures and Business Services.Previously, Ms. Wightman was Vice-President of Agribusiness and Eastern Operationswith Farm Credit and VP, Human Resources, Administration and Business Processes.Prior to moving to Saskatchewan and joining FCC, Ms. Wightman was theDirector, Resource Management with the Grain Transportation Agency in Winnipeg.Ms. Wightman is a member of the Board of Governors of the Canadian UnityCouncil and a past director of SaskPower Corporation.Laurie PowersChief Financial OfficerLaurie Powers was appointed Chief Financial Officer of Investment Saskatchewanin September 2004. Prior to joining Investment Saskatchewan Ms. Powers was theChief Financial Officer with Information Services Corporation of Saskatchewan (ISC)for four and one-half years. As one of the four chief officers of ISC, she wasresponsible for providing strategic organizational leadership and stewardship for ISCduring the organization’s first five years of existence, focusing on areas of financialoperations and financial strategies.Previously, Ms. Powers was Vice-President of Finance with National Alfalfa andExecutive Manager, Finance with Saskatchewan Crop Insurance Corporation.Prior to joining Saskatchewan Crop Insurance Corporation, Ms. Powers articledfor her Chartered Accountants designation with Deloitte and Touche in Saskatoon.16
C O R P O R A T E I N F O R M A T I O NBoard of DirectorsSitting (left to right): Anne Parker, Director; Gordon Tallman, Director; Ray McKay, Director.Standing (left to right): Don Black, Director; Don Wilson, Corporate Secretary; Susan Milburn, Vice-Chair; R.T. (Bob) Reid, Director;Neil Henneberg, Board Secretary; Paul Martin, Director; Maurice Delage, Chair.The current structure and composition of the InvestmentSaskatchewan Board of Directors was initiated in 2003. TheBoard is composed of eight directors.The Board of Directors is responsible for establishing theoverall strategic direction for the organization and ensuringthe strategy becomes operationalized through the organization’sbusiness plans. It has the authority and obligation to protectand enhance the assets of the Corporation in the interestsof the shareholder and carries out this responsibility in anactive manner.Investment Saskatchewan uses an Annual PerformanceManagement model that starts with the Board of Directors andthe establishment of the organizational strategy. The modelincludes involvement of management and all employees whichresults in a Strategic Plan. The Corporation has established aBalanced Scorecard which is the framework used to set objectives,measure and evaluate its overall business performance.The Board is responsible for the stewardship of the Corporation.In fulfilling its stewardship responsibilities, the principalduties of the Board are to:• set the long-term strategic direction of the Corporation,approve annual plans and performance targets, and monitorthe Corporation’s performance against plan;• ensure compliance with the Corporation’s statutoryresponsibilities;• identify with management the risks to the Corporation andset policies and procedures to manage those risks;• ensure the integrity of the Corporation’s internal controlsand financial systems;• review the performance of the CEO, and ensure that successionplans are in place; and• adopt policies for effective communications with the shareholder,stakeholders, and the public.17
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A778.01 IS AR inside fp - Crown Investments Corporation

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