Henvey Inlet First Nation Windfarm Legacy Trust Community and Expert Trustee Search
HIFN Council is seeking applications from members interested in acting as trustees of the proposed Henvey Inlet First Nation Windfarm Legacy Trust. If the Windfarm Legacy Trust proposal is approved by Community Approval vote on 13 December 2020, two Community Trustee positions and two Expert Trustee positions will be available. All appointments will be conditional on the vote outcome.
Trustee Role: Both trustee roles include but are not limited to the following:
Working with the corporate trustee on the administration of the Trust in accordance with the provisions of the Trust Agreement;
Engaging, having oversight and liaising with professional advisors including the investment consultant, investment managers, accountant;
Participate in quarterly review and investment meetings, community meetings and update meetings with Chief and Council and the HIFN membership;
Review and approve of disbursement of payments of capital and income to trust beneficiaries and other trust expenditures;
Reporting to Chief and Council and members on the management of the trust including audited financial statement and other annual reports, estimates for Qualified Members, budget, compliance reports and progress towards trust goals and objectives;
Review and understanding of financial reports and statements, investment concepts and reports;
Ensuring deadlines are met including the annual trust tax filing, meeting dates, and reporting requirements.
Term: Either 2 years or 3 years initially to allow for staggered terms. Thereafter the term is for 3 years.
Time Commitment: Trustees would likely start in December 2020 or January 2021. Meetings usually last 2-3 hours and are generally scheduled Monday to Friday during the day and will be held on reserve in person, or by Zoom during COVID restrictions. Community meetings will be scheduled on evenings or weekends. More meetings are anticipated in the first year of the Trust's operation but on average will be 6 meetings per year. There is often more Information shared by both mail and email outside of regularly scheduled meetings. More time for review of audit and tax reporting is required February to April annually.
If you are interested in this position, CLICK HERE to download and fill out the .pdf