Governance is the set of principles and processes that direct and control Columbia Basin Trust, including:

• the relationship between CBT's Board of Directors, CBT management, CBT stakeholders (Columbia Basin residents) and the CBT shareholder (the Province),
• the division of responsibilities between the Board of Directors, management, residents and the shareholder, and
• the execution of responsibilities related to CBT.

In order to carry out its mission on behalf of Columbia Basin residents and remain an accountable organization, CBT establishes and follows sound governance principles and processes. The Board of Directors is committed to effective and responsible governance.

There are a number of guidelines and policies that establish governance practice at CBT. These guidelines and policies are subject to periodic review and approval by CBT's Board.

	Tab 1 - Overview
	Tab 2 - Board and Director Responsibilities
	Tab 3 - Board Composition, Appointment, Skills and Attributes
	Tab 4 - Code of Conduct
	Tab 5 - Board Chair and Vice Chair Terms of Reference
	Tab 6 - Board and Director Orientation and Education
	Tab 7 - Directors' Fees and Expenses
	Directors' Fees and Expenses FM 12.1 - Expense Reimbursement Schedule
	Directors' Fees and Expenses Treasury Board Directive 2/10
	Tab 8 - Meeting Policy and Procedures for the Board of Columbia Basin Trust
	Tab 9 - Committees of the Board
	Executive
	Audit
	Investment
	Delivery of Benefits
	Water Initiatives
	Communications
	Ad Hoc
	Tab 10 - Performance Evaluation for the Board, Directors and Committees
	Tab 11 - President and CEO Position Description and Performance Evaluation
	Tab 12 - Directors' and Officers' Idemnification
	Directors' and Officers' Indemnity Agreement
	Tab 13 - Management Succession Planning
	Tab 14 - Communications Policy
	Tab 15 - CBT and the Province of BC
Other Policies and Reports
	Whistle-Blower Policy
	Employee Code of Conduct Policy
	Statement of Board Remuneration 2009/10

CBT is governed by a 12-member Board of Directors, all of whom must reside in the Columbia Basin and are appointed by the Province of British Columbia as outlined in the Columbia Basin Trust Act. For more information on the Board, click here.

Standing Left to Right: Garry Merkel (Chair), Ron Miles, Kim Deane, Greg Deck (Vice Chair), Jim Miller, Bill Trewhella, Paul Peterson
Seated Left to Right: Ron Oszust, Cindy Gallinger
Missing: Mike Berg, Denise Birdstone, Bob Smith

The Columbia Basin Trust Act established the Province of B.C. as the shareholder of CBT. Within the Provincial government, the Minister of Community Development is responsible for CBT.

The respective roles and responsibilities of the Provincial government and CBT are established in numerous agreements and legislation, including the 1995 Financial Agreement and the Columbia Basin Trust Act. The Shareholder's Letter of Expectations further defines the roles and responsibilities of the government and CBT. View the Shareholder's Letter of Expectations here.