Governance practices are structured in accordance with British Columbia’s Public Sector Pension Plans Act ensuring accountability, transparency, and robust oversight.

BCI operates under a dual accountability model as set out in the Public Sector Pension Plans Act (the “Act”). We are responsible to the BCI Board of Directors and our clients.

Board of Directors

BCI’s Board of Directors provides independent oversight and strategic guidance for the organization. The Board is comprised of seven members appointed in accordance with the Act. All Directors are non-executive and independent of management.  

Clients

Clients establish their investment strategy based on their unique characteristics, circumstances, objectives, and risk tolerances. BCI invests funds in accordance with each client’s Statement of Investment Policies and Procedures.

The Act defines BCI’s Chief Investment Officer (CIO) as the Chief Executive Officer (CEO) and is responsible for supervising day-to-day operations and all investment decisions.

The CEO/CIO is accountable to:

• The BCI Board for the efficiency and effectiveness of the corporation in conducting BCI’s mandate
• Each client for the management and investment performance of their funds

Among other responsibilities, the CEO/CIO (or delegate): 

• Prepares an annual business plan and corporate annual report, including audited financial statements, for submission to the Minister of Finance
• Hires staff and external managers
• Establishes policies and procedures to meet operational objectives
• Ensures that risk and returns are managed in a prudent and appropriate fashion

Code of Ethics and Professional Conduct

We put clients at the forefront of all decisions, prioritizing their interests above individual ones. Everyone at BCI is expected to live by the values and standards outlined in the Code of Ethics and Professional Conduct.

Public Interest Disclosure Act

The Public Interest Disclosure Act provides protection for whistleblowers who are current or former employees of qualifying public organizations in British Columbia. BCI falls under the scope of this Act and submits yearly reports on disclosures, inquiries, and identified instances of misconduct.

Confidential Reporting

We believe it is essential to allow for suspected violations of our Code of Ethics to be reported anonymously, thereby helping us further safeguard our stakeholders’ confidence and protect our reputation.

BCI provides confidential reporting through a third-party vendor, ClearView, which can be accessed through any of the following channels:

ONLINE: http://clearviewconnects.com
PHONE: 1.844.800.1789 (Toll-free CAN/US)

Confidential reporting through ClearView complements our current anonymous reporting practices, as outlined in our Code of Ethics and Professional Conduct.

Pay Transparency Report

The Pay Transparency Report is prepared annually in accordance with the provisions of British Columbia’s Pay Transparency Act and Pay Transparency Regulation.