Board Committees
The OBSI Board of Directors has three committees: Finance and Audit; Governance, Human Resources and Compensation; and Policy and Standards.
- The Finance and Audit Committee meets quarterly and reviews the financial statements of the organization, as well as receiving the report of the external auditor of OBSI. It also oversees the defined contribution pension plan for OBSI, including reviewing fund performance. (Mandate)
- The Governance, Human Resources and Compensation Committee reviews matters relating to corporate governance and structure, director recruitment, and employee human resources and compensation. (Mandate)
- The Policy and Standards Committee recommends and monitors OBSI's quality and performance standards, independent reviews and the Code of Conduct, as well as overseeing any revisions to the Terms of Reference.
Director Compensation
Community directors receive a $10,000 honorarium per year, with the Chair of the Board receiving an additional $40,000 annually and committee chairs receiving an additional $4,000 annually. Community directors also receive $1,800 for every day of meeting they attend (or $750 if attending by teleconference).
Performance Reviews
Performance reviews of the Board and Board Chair are conducted every two years.