Trust Council Late Item Package

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Islands Trust Council
Quarterly Meeting
 

Date:Tuesday, March 8 - Thursday, March 10, 2022
Time:1:00 pm - 12:00 pm
3:00 pm - 4:00 pm
Location:Vancouver Island Conference Centre - Benson Room A/B
101 Gordon Street, Nanaimo BC
Pages
4.SELECT COMMITTEE
1:15 PM - 5:30 PM
4.2.Receipt of Governance Review prepared by  Great Northern Management - BRF
4.2.1.GNMC PowerPoint Presentation
3 - 17
8.TRUST AREA SERVICES
11:15 AM - 12:00 PM
8.2.Discussion / Decision Items
8.2.2.Policy Statement Amendments Phase 3
Engagement - Session Outline
1:00 PM - 1:30 PM
8.2.2.1.ISL PowerPoint Presentation
18 - 33
9.ADMINISTRATIVE SERVICES / FINANCE
1:30 PM - 5:30 PM
9.2.Discussion / Decision Items
9.2.4.2022/23 Budget Recommendation to Trust Council
9.2.4.6.Trustee Brent Alternative 2022/23 Budget received March 9, 2022
34 - 36
13.2022/23 BUDGET APPROVAL
11:15 AM - 11:30 AM
13.1.Financial Plan Bylaw No. 185 - RFD
13.1.1.5-Year Financial Plan Bylaw - received March 10, 2022
37 - 39
17.CORRESPONDENCE
17.8.M. Welman re: letter to Trust Council email dated February 19, 2022
40 - 41
17.9.F. Attorp correspondence dated February 23 and March 2, 2022
42 - 46
17.10.T. Law letter to Trust Council dated February 28, 2022
47 - 55
17.11.K.Peszel re: Budget increase by Financial Committee email dated February 18, 2022
56 - 56
17.12.J. Green re: Approval of the Budget by Financial Committee email dated February 19,
2022
57 - 58

17.13.M. Baer re vote against the budget increase email dated February 21, 2022
59 - 59
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ISLANDS TRUST
GOVERNANCE REPORT
MARCH 8, 2022
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Introduction
The cooperation, participation,and candourofTrusteesand senior staff was 
essential.
Theinterviews with each of the 26 Trustees -lasting 90 minutes or more -together 
with the review of documentation, and truly usefuldiscussions with many Islands 
Trust staffmembers, was well worth the time-consuming, labour-intensive effort.
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Overview
There are fundamental governance issues thatneed to be addressed for Trust Council to 
effectively set direction and provide oversight. 
The complexitiesinherent in the Trust’s federated system, the challenges in fulfilling it’s 
Preserve and Protect mandate, and the need to adaptand respondto dramatic changes in 
environmental, social, andeconomic circumstances, alldemand a high-performing governance
structure.
Governance issues are systemic, and they need to be considered in a holisticway.
While the report identifiesareas to be addressed, and suggestsremedies, the 
recommendations are based on the important principlethat thespecific solutions to the 
governance challenges can only be devisedandimplementedby the Trustees themselves with 
staff support and outside expertise.
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Overview (cont’d)
Moreover, the reportstrongly recommends tackling the fundamental 
issues ofgovernanceBEFORE addressing other issues which, 
whilecertainly needing attention, can only beproperly tackled once 
there is an effectivegovernance system in place to ensure appropriate 
engagement of

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