AIMCo is a Crown corporation of the Province of Alberta and is committed to the highest standards of corporate governance. We believe that the policies, processes and institutions that form a robust corporate governance framework are fundamental to AIMCo’s mission to rank among the best institutional investment managers and to inspire the confidence of Albertans. AIMCo is committed to a culture of integrity and accountability in the pursuit of its goals.
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. 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.
AIMCo and its Board of Directors recognize and fully support the aims of diversity and inclusion. In assessing board candidates and selecting nominees for the AIMCo Board, the Governance committee will consider diversity of skills, experience, geographic background, gender and age.
Consistent with the AIMCo Board’s commitment to gender diversity and greater representation of qualified women on boards in alignment with the aims of robust board governance, the Board has a stated objective that at least 30% of AIMCo Directors should be women.
The Board of Directors has established four standing committees, which assist the Board in discharging its responsibilities:
At every meeting of the Board of Directors, the Board and all Committees have in camera sessions, without management attending.