Investment Management Corporation Of Ontario
200 King Street West, Suite 2200
- Investment Management Corporation of Ontario Act, 2015, S.O. 2015, c. 20, Sched. 19
Provides investment management and advisory services to broader public sector organizations that agree to become its members.
IMCO is currently governed by an “initial Board” which will be dissolved when an “ongoing Board” is established no later than June 30, 2019.
The initial Board is composed of seven directors. Three directors were appointed by the Minister through Ministerial Appointment letters, and one of the Minister’s appointees was designated as the Chair. Four directors were appointed by the initial participants in IMCO: the Workplace Safety and Insurance Board (WSIB) and the Ontario Pension Board (OPB).
The ongoing Board will have at least seven and not more than 11 directors. Up to three directors will be appointed by the Minister, one of whom will be designated as Chair. Six to eight directors will be elected by the participants in IMCO.
IMCO determines and pays the remuneration of all Board directors.
Each term is up to three years. The maximum length of service is 9 years.
Appointees are paid by the Corporation.