June 23, 2022
BCI is pleased to announce the appointment of Michel Drolet as senior vice president, corporate risk & audit and chief audit executive. As head of the newly formed corporate risk & audit department, Michel is responsible for supporting the strategic oversight of the corporation’s enterprise risk management, internal controls, and internal audit functions.
The department’s mandate is to strengthen and protect BCI’s organizational value by providing assurance, advice, and insight on BCI’s risks and control practices. Bringing together three complementary branches enables this division to work together to enhance enterprise risk awareness, responsiveness, and decision-making. To preserve the independence of the internal audit function, Michel has a dual reporting relationship to the chair of BCI’s audit committee and to the chief operating officer. Additionally, BCI outsources all audits of functions under his oversight.
“Establishing this department supports BCI’s vision to align risk strategies and create risk synergies that benefit the entire corporation,” said Shauna Lukaitis, chief operating officer, British Columbia Investment Management Corporation. “Michel is a proven leader, who has done an outstanding job leading the internal audit team since joining BCI in 2018. He is a trusted subject matter expert on risk considerations and with his sponsorship, we will see a proactive approach to risk monitoring, reporting, and advising.”
“I’m excited for the opportunity to lead this new department, which will enhance BCI’s corporate risk mitigation and management capabilities, and ultimately help us to better support our business plan objectives and client needs,” said Michel Drolet, senior vice president, corporate risk & audit and chief audit executive, British Columbia Investment Management Corporation. “By integrating risk, audit, and control advisory functions, we can develop a more holistic view of organizational risk and deliver relevant and timely information for internal and external stakeholders.”
Michel holds a bachelor of business administration from the University of British Columbia. He is a Chartered Professional Accountant (CPA, CMA) and a Certified Internal Auditor (CIA). Michel is currently a CFA® Program participant, CFA Institute, and completed level 2 in 2021.
BCI welcomes Michel to the senior leadership team. More information about BCI’s senior vice presidents can be found here.
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