T8TA KIHEW-SAS LTD.

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20 Νοε 2013 (πριν από 3 χρόνια και 11 μήνες)

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T8TA KIHEW
-
SAS LTD.

An Exercise in Economic Development from a
First Nations Perspective.

Who Are We?


Treaty 8 Tribal Association was incorporated under the BC
Societies Act in 1982.



Consists of five Treaty 8 First Nations in North Eastern
BC, a unified political body created to preserve Treaty and
Aboriginal rights.



Dedicated to environmental, social, cultural, educational
and economic development of the Treaty 8 First Nations
people.

Current Issues/Challenges


As new business arrangements are formed, the T8FNs
wanted
to define and implement a corporate or trust
structure that:


Enabled
effectiveness of management (distances politics
from business)


Protects
the Nations and their assets from business
liabilities;


Minimizes
or avoids taxes on all revenues, whether
earned on or off
-
reserve; and


Provides
strong transparency and accountability to the
member Nations of Treaty 8 Tribal Association.

Vision




The
ultimate vision of the Treaty 8 Tribal Association is to
leverage their unity to create opportunities from major
resource development to invest back into the
communities.

Solution



It was determined to develop an arms length corporate
entity that was eventually called Kihew
-
Sas Ltd.



“Kihew” is Cree for Eagle.



“Sas” is Beaver for Bear



Treaty 8 dialect includes both Cree and Beaver.

Objectives of the Corporation




Distance From Politics



Reduce Exposure to Business Liabilities



Minimize Income Tax



Transparency and Accountability


Guiding Principles


ENSURE RESPECT FOR ROLES, AUTHORITIES AND
MANDATES


MAINTAIN
A PROFIT GENERATION FOCUS
BALANCED WITH SOCIAL, ENVIRONMENTAL AND
CULTURAL RESPONSIBILITY


EXERCISE WISDOM, DUE DILIGENCE, INTEGRITY
AND ETHICAL PRACTICE IN ALL BUSINESS
ACTIVITIES


MAINTAIN EFFECTIVE BUSINESS MANAGEMENT
AND ACCOUNTABILITY PROCESSES

Governance Structure



Nations



Doig River First Nation


West Moberly First Nation


Saulteau First Nation


Prophet River First Nation


Halfway River First Nation



All are equal shareholders in Kihew
-
Sas Ltd.

Nation Responsibilities



Each Nation appoints one Steering Committee member and stays
informed of the appointment of the Steering Committee members


Approve
appointment of the Board of Directors; Inform T8FN Council,
Steering Committee, and membership of Board appointments;


Provide
input and stay informed of the strategic plan


Stay
informed of the annual business plan and performance reports


Receive
cash distribution through Master LP


Identify
opportunities for initiating new business and approve the
initiation of new business units; Inform Steering Committee members,
Board of Directors, T8FN council and members of new businesses.


Set
and enforce laws and policies to regulate all businesses operating
on Treaty 8 territory, including Treaty 8 owned
-
businesses


Represent
the Nations in negotiations with external parties with
support from the T8FN Council when applicable; Seek advice from
the Business Corporation when applicable; Hand over negotiation of
for
-
profit business deals at appropriate stage


Steering Committee


The Steering Committee is made up 5 members


One member has been appointed by each Nation of
Treaty 8



The Steering Committee members primary role is to:


Find and appoint the Board of Directors


Monitor company performance and change Directors if necessary


Ensure that the values and priorities of the Nations is reflected in
the overall governance of the Corporation

Steering Committee Responsibilities



Be accountable to T8FN Council and members


Determine
skills and qualifications required of Board
members; Recruit and recommend for appointment, the
Board of Directors to Nations; monitor Board performance


Provide
input and stay informed of the strategic plan


Stay
informed of the annual business plan and
performance reports


Identify
and stay informed of opportunities for initiating
new business


Approve
performance reporting requirements of the Board
and the Business Corporation


Skills of Board of Directors

In our search for our Board we were looking for:



Strategic
and business plan development experience


People
management experience


Knowledge
of business development and expansion


Knowledge
of, or experience working with First Nations


Knowledge
of Board processes including codes of conduct and
reporting processes


Ability
to comprehend financial and non
-
financial performance
reports


Ability
to manage risk


A
clear agreement with the principle of keeping business
separate from politics


Responsibilities of Board



Accountable
to Steering Committee and memberships


Conduct
a strategic planning exercise to discuss 3 to 5 year plan of the
Business
Corporation


Ensure
annual business plan is consistent with strategic
plan


Finalize
financial plan and direct surplus cash to flow from Master LP to
the Nations


Identify
opportunities for initiating new business units; Recommend new
businesses for approval to Nations.


Draft
reporting requirements for the Business
Corporation


Review
performance report; Issue performance reports to Steering
Committee, T8FN Council and memberships


Establish
corporate policies that reflect the laws and policies set by T8FN
Council/5 Nations


Provide
input (when requested) to T8FN council regarding rights and title
negotiations with external parties; Negotiate or support negotiations of
for
-
profit business deals through if delegated by T8FN Council; Create
for
-
profit business entities within the Business Corporation


Existing Board of Directors


Current Board of 5 Directors



1 Director from Banking Community


1 Director from Oil and Gas Sector


1 Director from T8TA


1 Director from Forest Sector


1 Director from Mining and Civil Construction



All have the skills that was set out in the governance
structure

Our Advisors










Gowlings

LLP

What have we done so far?




Established values and guiding principles


Established policy and procedure templates


Established due diligence Guidelines for Nations, Steering
Committee and Board of Directors


Currently developing standardized Evaluation Matrix


Established our first
J
oint
V
enture
P
artnership


Currently reviewing opportunities in partnership and
ownership of projects

Our Joint Venture



Revenue Share agreement with Arctic Construction Ltd., a
large heavy construction firm with over 60 years of being
local and First Nations partnership.


Includes innovative Recruitment committee to encourage
training and employment of Treaty 8 membership.


Business mentorship to expand and grow subcontract
opportunities with existing Treaty 8 contractors and
establish new entities


Capacity Development opportunities


Current Safety, QAQC and Environmental Management



What do partnerships bring?



Expertise


both business and sector


Capacity and Accountability


People


Financing, Financial Controls


Training opportunities and transferability of skills to all
sectors.


Safety, CORE and QAQC templates


Best Practices


Our Model

What are the Barriers?



Misconceptions about
First Nations people.


Skill gaps


Internal Capacity


Culture


Lack of People

How does this model address
this?


Creating opportunity for
positive relationships to restart
the conversation


Ensure all partnerships build
membership skills and training
opportunities


Utilize the experience of our
board and partners to mentor
and build capacity


Educate and celebrate our First
Nation Culture and values in
business.


To become a solution to the
current labour shortage


What does Kihew
-
Sas bring to the table
for the Energy sector?


Long term buy in and ownership of projects


Better relationship between First Nations, all levels of
government and proponents


Availability and potential to contribute to the work force
and be a solution to the shortage of labour and skilled
workforce


Local and regional knowledge


Creative solutions to social license and contribution to
community health


Target for the youth and generations of tomorrow

Project with AANDC



Currently engaged with the federal government to create
a communications plan for the Energy Corridor Nations
around LNG.


Through the Strategic
P
artnership Initiative Funding


The hope is to fully inform the First Nations along the
proposed routes so that they can make well informed
decisions around the proposed projects

What is our Vision for Kihew
-
Sas Ltd.


To participate and engage fully in energy development in Treaty
8 territory.


Share best practices with other First Nations


To diversify business partnerships and asset ownership
throughout the region for the betterment of our communities


To help develop policy and growth with sensitivity to FN Culture


To create businesses that are going concerns into the future


Address social issues within our communities through skills,
training, mentorship and capacity development


Create a financially sustainable corporation for long term
legacy


Give our nations an opportunity to be financially independent

Take away questions.



As a municipality, government or proponent what are you
doing to fully engage First Nations to participate in Energy
development?


What are the current misconceptions you have about First
Nations?


How can we all become part of the creative solution to
long term sustainability and development of the Energy
Sector?



THANK YOU FOR
LISTENING