The governance of the RHRA is established through the Retirement Homes Act, 2010, its regulations, by-laws and an MOU with the government through the Ministry of Seniors Affairs to the Minister. The Board of Directors is accountable to the Minister through the Chair of the Board.
The Board of Directors is responsible for corporate governance, regulatory oversight and guiding the development of RHRA’s strategic plan and priorities. The board along with management is focused on the most progressive governance and regulatory oversight practices. The board is committed to ongoing efforts that continually strengthen its governance practices, oversight of the organization and maintain its support of government’s public accountability mandate.
Key responsibilities of the Board:
- Approves RHRA’s strategic plan and priorities, business plan and budget, and ensures the integrity of the RHRA’s reported financial performance;
- Oversees appointment, development, monitoring and succession planning of the CEO and Registrar, Risk Officer and Complaints Review Officer;
- Ensures appropriate enterprise risk management;
- Manages performance and monitors oversight;
- Monitors external communication and stakeholder relationships; and
- Oversees quality of board governance to support governance excellence.
Competency and Selection Criteria for Members of the Board of Directors
Board and Committee Activity
The Board meets approximately four times per year. Board activities are supported by the work of two committees.
Governance, Regulatory Affairs and Nominations Committee
This committee’s role and mandate is to assist the Board of Directors in fulfilling oversight responsibilities and risk management functions.
Responsibilities include governance structure and processes, board committees review/evaluation/nominations, board recruitment and succession planning, board orientation, board evaluation, board compensation, business ethics, complaints review, regulatory affairs, stakeholder collaboration and outreach, and compliance/risk.
Members of the committee include:
- Vala Monestime Belter, Chair
- John Groe
- Leah Levesque
- Christine Ozimek
Finance, Audit and Human Resources Committee
This committee’s role and mandate is to assist the Board of Directors in fulfilling its oversight responsibilities and risk management function regarding financial planning, human resources and compensation, and digital strategy/cybersecurity.
Responsibilities include financial assessment/review/recommendations, audit, emergency fund review, compensation review and oversight, performance management, succession planning, Human Resources programs and policies, enterprise risk management, compliance and risk, insurance, and oversight of aligning the digital strategy with RHRA’s strategic direction.
Members of the committee include:
- Anil Mathur, Chair
- Jonathan Boulakia
- Carmine Domanico
- Barbara Kieley