Investment Management Corporation of Ontario

Ministry

Finance

Address

16 York Street, Suite 2400
Toronto
M5J0E6

Background

Investment Management Corporation of Ontario Act, 2015, S.O. 2015, c. 20, Sched. 19 (opens a new window)

O. Reg. 212/17 (opens a new window)

Function

Provides investment management and advisory services to broader public sector organizations that choose to become its members.

Membership

IMCO is governed by an expert and independent Board of Directors that is mandated by the Investment Management Corporation of Ontario Act, 2015 to manage or supervise the management of the activities and affairs of the Corporation in accordance with the statute. The Board of Directors must have at least seven and not more than 11 Directors. At least one and not more than three Directors are to be appointed by the Minister of Finance, one of whom is to be designated as Chair. At least six and not more than eight directors are to be elected by IMCO’s members.

The remuneration of all Directors, including for those appointed by the Minister of Finance, is set by the Corporation.

Term

Each term is up to three years. The maximum length of service is nine years.

Remuneration

Appointees are paid by the Corporation.

Appointments & Vacancies