CIC is the financially self-sufficient holding company for the province’s commercial Crown Corporations. In its oversight role, CIC is responsible for developing broad policy control, directing investment, and routing dividends into the Provincial Government’s consolidated fund.
CIC oversees and manages a comprehensive framework designed to strengthen governance, performance, and accountability of subsidiary Crowns. CIC also assists Crown boards in discharging their responsibility of overseeing and directing the management of the Crowns. CIC is committed to implementing governance, reporting, and disclosure practices consistent with those of publicly-traded companies, where such practices can reasonably be applied to the public sector. Specifically, CIC provides oversight on behalf of the shareholder for the Crown sector by: