Governance and Oversight

BCI is committed to maintaining world-class standards of governance. Good governance is critical to delivering long-term value for our clients and is key to our continued success and commitment to our clients, their best financial interests, and delivering on our financial promise.

Our corporation operates under a dual accountability model as set out in the Public Sector Pension Plans Act. We are responsible to our clients and the BCI Board. Clients establish their investment policies and management frameworks, and determine the diversification of the portfolio and the eligible investments. The Chief Investment Officer is accountable to each client for their investment returns and the management of their funds.

Governance Framework

Board of Directors

We have a seven-member Board of Directors. Our board is structured in accordance with the Public Sector Pension Plans Act. Our four largest pension plan clients each appoint a representative to our board. The other three are appointed by the Minister of Finance – two of which must represent our clients. The third appointee, who does not represent a client, is the Chair of the Board. All directors are appointed to a three-year term – this term is renewable.

Board of Directors

Code of Ethics and Professional Conduct

We are committed to acting in our clients’ best financial interests. Our success and the continued trust of our clients depends on our collective adherence to BCI’s Code of Ethics and Professional Conduct. Everyone at BCI is required to live the values and standards outlined in the Code.

Employee Code of Conduct

Confidential Reporting

BCI complies with the highest level of governance standards and we stand by our Code of Ethics and Professional Conduct. We believe it is important to allow for suspected violations to our code to be reported anonymously to help us further safeguard our stakeholders’ confidence and protect our reputation.

BCI’s confidential reporting to provide the ability to report ethical or other issues through a third-party vendor, ClearView, that can be accessed through any of the following channels:

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.



BCI appointed KPMG to audit the financial statement of the corporation and the pooled investment portfolios. Details of the services to be provided are outlined in the engagement letter.

KPMG also conducts the Service Organization Controls 1 (SOC “1”) audit. The engagement letter using Canadian Standard for Assurance Engagements No. 3416 (CSAE 3416) between BCI and KPMG provides information about the appointment and the required services.


Ernst & Young have been appointed to audit the financial statements of BCI’s Realpool Investment Fund, Realpool Global Fund, and the Renewable Resources Agriculture Fund.