October 27, 2022, Six Nations – Six Nations of the Grand River Elected Council (Elected Council) and Six Nations of the Grand River Development Corporation (SNGRDC) are excited to announce their collaboration to review the governance model of SNGRDC.
The current governance model has been in place since SNGRDC launched in 2015. The model has enabled SNGRDC to contribute over $160M in Direct Economic Impact to the Six Nations community and over $18M in cash allocated to the Economic Development Trust. SNGRDC’s current model consists of three boards comprised of 15 community members.
After seven years of success under the model, the Elected Council and SNGRDC agree it is in the best interest of the community and best business practice to review what is working and what can be improved. Ultimately the goal is to adjust where needed to enable SNGRDC to achieve its long-term goal of promoting economic self-sufficiency for the Six Nations Community.
A working committee has been struck with SNGRDC and Elected Council representatives to complete a review of the governance model. This committee will continue to rely on the findings from the We Gather Our Voices (WGOV) community engagement, which was utilized to help shape the foundation of SNGRDC. Further, the Committee will also be referring to the 2019 Community Plan throughout this process to ensure any changes are serving the long-term needs of the community.
This assessment will not affect job security; rather it will focus on exploring processes to enhance the pursuit of potential business opportunities and evaluate how surplus profits will be re-invested into the community.
SNGRDC and the Elected Council plan to launch a new model by April 2023. More information will be provided to the community as the Committee completes its review.
QUOTES
“We look forward to working with the Elected Council to solidify a new path forward in our relationship. This collaboration will be an exciting opportunity to work together to unlock the full economic potential of our community and empower SNGRDC to continue its pursuit of Autonomy 150 by 2030. We are in the early stages of discussions and are committed to upholding our values of accountability and transparency while we move through this process together.” Matt Jamieson, President/CEO, SNGRDC.
“We are pleased to be collaborating with the Development Corporation to assist in their review of their governance structure. The work they have done since 2015 to bring millions of dollars of revenue into the community and to raise Six Nations’ economic profile is to be commended. This restructuring will further enhance the Development Corporation’s business operations and Elected Council looks forward to partnering with SNGRDC for the betterment of our community for many years to come.” Elected Chief Mark Hill, Elected Council.
