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Clarence Campeau Development Fund – Governance & Reporting
What is the purpose of the Clarence Campeau Development Fund?
- The purpose of the Fund is to stimulate economic development activities of Métis people and communities, autonomous from any political influence.
- Our goal is to:
- Create an effective and efficient relationship to further Métis and provincial economic development;
- Achieve full Métis representation in the provincial economy through economic opportunities, business involvement, participation as employers and a representative workforce;
- Maximize economic opportunities for Métis people;
- Assist with business ventures that lead to jobs, profits and business experience for Métis people.
Does the Métis Nation – Saskatchewan (MN-S) have oversight and representation of the Clarence Campeau Development Fund?
- Yes, the MN-S has an ability to place a representative from the Provincial Métis Council (PMC), which is the elected regional governing body for the MN-S, on the Board of Directors as Chair. This representative is the direct conduit to the MN-S overseeing the activities of the Fund. This PMC Member must adhere to the vetting process and is required to submit a credit check and criminal record background check.
- The MN-S can appoint Board Members as set out in the Operating Agreement. When Board vacancies occur, the Fund sends out a call for applicants and resumes. A list of qualified candidates is then provided to the PMC for selection. If the PMC fails to do so within 60 days, the current Board has the authority to make the appointment.
- All Board members (MN-S elected, government ex-officio and voting members) are required to have a criminal and credit check done prior to taking their seat on the Board. This policy has been in place since the Fund was created in 1997 with all prior MN-S leadership adhering to the requirements. This is a standard requirement with any financial institution managing public funds and also applies to management and staff.
- The CCDF is a publicly funded institution that was created through a partnership between the MN-S and the Government of Saskatchewan. The Fund is connected to the MN-S but is not a direct affiliate. It derives its mandate from The Saskatchewan Gaming Corporation Act and the “Operating” Agreement.
What are the Clarence Campeau Development Fund’s reporting requirements?
- Every year the Fund undergoes an audit by Deloitte, in conjunction with the Provincial Auditor of Saskatchewan. Since its inception in 1997, the Fund has had clean audits. This means there have been no material findings on reporting or non-compliance with legislation. The Fund manages public dollars and has never betrayed the public trust.
- The Fund provides an annual report to the Legislative Assembly of Saskatchewan and the Métis Nation – Saskatchewan.
- In addition, the CEO provides a synopsis and assessment of the economic impact of the activities of the Fund to the President of the MN-S and the MN-S Minister of Economic Development prior to each MNLA.
- Every five years, the Clarence Campeau Development Fund contracts a qualified consultant to complete an independent evaluation to fully examine the Fund and its program offerings, including relevant aspects related to governance, management, operations, and achievement outcomes. On June 7, 2019 MNP completed an independent evaluation of the Fund for the years 2014-2018.
Who is on the Board of the Clarence Campeau Development Fund?
- The Fund’s Board consists of three successful Métis entrepreneurs, a Chartered Professional Accountant, and two Ex-Officio members from the Government of Saskatchewan.
- All voting members of the Board of Directors are Métis and the majority of staff are Métis. The Fund is a Métis organization serving Saskatchewan’s Métis communities and entrepreneurs.
- The Fund’s Board of Directors is responsible for the operation and management of the Fund and assumes the risk and liability associated with it.
Does the Clarence Campeau Development Fund have a track record of success?
- Since our inception in 1998, we have provided over $74 million in repayable and non-repayable contributions, resulting in over $172 million in leveraged financing. We have approved over 1,750 equity loans, business plans, business supports, and management skill contributions and created 11,400 direct and indirect jobs.
- The results speak for themselves. We are recognized as the most successful and professional Métis Financial Institution in the country.
- To date, the Fund has proudly provided over $1.9 million in non-repayable assistance to the MN-S for the site development at Batoche.
What does the termination of the operating agreement mean to Clarence Campeau Development Fund clients?
- It is our understanding that it is the Government of Saskatchewan’s intention that clients who have received funding and financing will not be impacted.
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