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Governance

BC Housing is accountable to the Minister Responsible for Housing through a Board of Commissioners appointed by the Lieutenant Governor in Council.

The Board of Commissioners oversees policy implementation and direction and, in cooperation with senior management, sets strategic direction. The board also monitors BC Housing’s performance based on the province’s planning and reporting principles.

The board delegates responsibility for the day-to-day leadership and management of BC Housing to the CEO. The board’s governance process and procedures are guided by the Best Practices Guidelines on Governance and Disclosure for Public Sector Organizations as well as other resources, such as those published by the Office of the Auditor General of British Columbia.

Mandate Letter

The Minister Responsible for Housing delivers a Mandate Letter to our board chair every year. The Letter describes the relationship between BC Housing and the provincial government, and mandates specific direction from the government to BC Housing for the fiscal year.

Taxpayer Accountability Principles

In June 2014, the provincial government announced the Taxpayer Accountability Principles. The Principles are an overarching government priority. The Mandate Letter directs BC Housing to adopt and implement these Principles and to implement policy directions identified in Housing Matters BC with a range of priority actions. Our performance against the Letter and Principles is reported every year in our Annual Report.

Standards of Conduct Policy

BC Housing has a Standards of Conduct Policy designed to maintain and enhance the public’s trust and confidence in our organization. The Policy applies to employees, commissioners of the board of BC Housing, contractors, service providers and volunteers who are expected to adhere to its standards in the course of their duties.

Employees and commissioners of the board also have a duty of loyalty to BC Housing. Their fairness and the impartiality in the conduct of their duties must be exemplary.