Contact Information

Chief Executive Officer
Business Development and Investment Corporation
Industry, Tourism and Investment

• 7th Floor, Northwest Tower #701 – 5201 50 Avenue, Yellowknife NT X1A 3S9

• Telephone (867) 767-9075 ext 86000

• Fax (867) 765-0652

• http://www.bdic.ca

Function

The Board of Directors is responsible for directing the operations of the Northwest Territories Business Development and Investment Corporation (BDIC), taking into account sustainable development and capacity building. The BDIC was established to develop and deliver business assistance programming to businesses in the Northwest Territories, as well as, operate selected subsidiaries for employment creation purposes.

Jurisdiction

Government of the Northwest Territories

Department Responsible

Department of Industry, Tourism & Investment

Authority

Northwest Territories Business Development and Investment Corporation Act (NWT)

Board Composition

The Corporation has a Board of Directors consisting of a minimum of 5 and a maximum of 10 eligible persons appointed as directors by the Minister.

Alternate Members

There are no alternate members.

The legislation does not provide for the appointment of alternates to the Board.

Chairperson

A Chairperson is designated by the Minister from among the directors.

Vice-Chairperson

The Vice-Chairperson is designated by the Minister from among the directors.

Quorum

Quorum is a majority of the directors appointed.

Appointment Instrument

Directors are appointed by the Minister of Industry, Tourism and Investment under section 5 of the Northwest Territories Business Development and Investment Corporation Act (NWT).

Term Duration

A director holds office during pleasure for a term not exceeding three years as fixed in the appointment and may be eligible for reappointment.

Time and Travel Requirements

Meetings are held in person or conducted using electronic means of communication.

Remuneration

Members shall receive remuneration according to Executive Council classification and Financial Management Board Secretariat directives.

Category – Regulatory/Quasi-Judicial

Chairperson - up to $400 per day

Member - up to $325 per day

Chair and members – 50% per half-day (i.e., 3.5 hours or less), for work on board business for each day of meetings

Other Considerations

Persons eligible for appointment are those who have owned or managed a business in the Northwest Territories or have business expertise relevant to the NWT. Where appropriate, the Board must take into account sustainable development and capacity building in its consideration.

The Board establishes bylaws, policies, operational guidelines and committees.

A public servant is not eligible to serve as a director.

Current Membership

(Board details as of Dec 04, 2024)