Corporate Governance

The Legislative authority of the Corporation is set out in the Ontario Lottery and Gaming Corporation Act, 1999. Classified as an Operational Enterprise Agency, Ontario Lottery and Gaming Corporation (OLG) has a single shareholder, the Government of Ontario, and reports through its Board of Directors to the Minister of Finance.

Members of the Board of Directors and its Chair are appointed by the Lieutenant Governor in Council from various communities across the Province of Ontario. The Chair and members of the Board do not serve full-time and none are members of management.

Board Mandate

The Board of Directors sets policy for the Corporation and counsels the Chief Executive Officer and senior executives, who oversee the Corporation's business operations. The Board's mandate is to direct the Corporation's management with a view to optimizing the overall performance and increasing shareholder value in executing its various responsibilities:

to establish a well-defined strategic planning process, setting strategic direction
to approve the annual business plan as well as operating and capital budgets
to define and assess business risks
to review the effectiveness of internal controls in managing risks
to appraise the performance of the Chief Executive Officer
to oversee a code of conduct that ensures the highest standards in dealing with customers, suppliers and staff with due regard to ethical values and the interests of the community at-large in all corporate endeavours
to track overall performance of the Corporation
to remain informed and provide input as required concerning communications with the Government of Ontario and other stakeholders
to ensure compliance with key policies, laws and regulations.

Board Committees

The Board of OLG operates with and through three permanent working committees.

Governance and Nominating Committee

The Governance and Nominating Committee assists the Board in developing and monitoring governance policies and practices. It helps identify policy areas for review and presents recommendations to the Board for consideration in order that the Board may ensure the Corporation's adherence to the highest standards in corporate governance. the committee also identifies individuals qualified to become directors, consistent with core competencies approved by the Board.

Audit and Risk Management Committee

The primary function of the Audit and Risk Management Committee is to assist the Board in fulfilling its oversight responsibilities by reviewing and monitoring the Corporation's financial statements, internal controls over financial reporting, capital expenditure program and risk management program as well as legal and ethical compliance systems that have been established.

Human Resources and Compensation Committee

The Human Resources and Compensation Committee helps ensure that the Corporation has sufficient organizational strength at the senior management level to achieve its short- and long-term goals. This committee also recommends, for Board approval, the compensation and benefit plans for senior management.

	Who We Are Corporate Governance Board of Directors Disclosure of Travel and Hospitality Expenses Consumer Protection OLG Sponsorship Program OLG Gives Back Responsible Gaming Procurement Media Centre Amber Alert Program Careers Contact Us FAQ Lottery Prize Integrity Program	Corporate Governance The Legislative authority of the Corporation is set out in the Ontario Lottery and Gaming Corporation Act, 1999. Classified as an Operational Enterprise Agency, Ontario Lottery and Gaming Corporation (OLG) has a single shareholder, the Government of Ontario, and reports through its Board of Directors to the Minister of Finance. Members of the Board of Directors and its Chair are appointed by the Lieutenant Governor in Council from various communities across the Province of Ontario. The Chair and members of the Board do not serve full-time and none are members of management. Board Mandate The Board of Directors sets policy for the Corporation and counsels the Chief Executive Officer and senior executives, who oversee the Corporation's business operations. The Board's mandate is to direct the Corporation's management with a view to optimizing the overall performance and increasing shareholder value in executing its various responsibilities: to establish a well-defined strategic planning process, setting strategic direction to approve the annual business plan as well as operating and capital budgets to define and assess business risks to review the effectiveness of internal controls in managing risks to appraise the performance of the Chief Executive Officer to oversee a code of conduct that ensures the highest standards in dealing with customers, suppliers and staff with due regard to ethical values and the interests of the community at-large in all corporate endeavours to track overall performance of the Corporation to remain informed and provide input as required concerning communications with the Government of Ontario and other stakeholders to ensure compliance with key policies, laws and regulations. Board Committees The Board of OLG operates with and through three permanent working committees. Governance and Nominating Committee The Governance and Nominating Committee assists the Board in developing and monitoring governance policies and practices. It helps identify policy areas for review and presents recommendations to the Board for consideration in order that the Board may ensure the Corporation's adherence to the highest standards in corporate governance. the committee also identifies individuals qualified to become directors, consistent with core competencies approved by the Board. Audit and Risk Management Committee The primary function of the Audit and Risk Management Committee is to assist the Board in fulfilling its oversight responsibilities by reviewing and monitoring the Corporation's financial statements, internal controls over financial reporting, capital expenditure program and risk management program as well as legal and ethical compliance systems that have been established. Human Resources and Compensation Committee The Human Resources and Compensation Committee helps ensure that the Corporation has sufficient organizational strength at the senior management level to achieve its short- and long-term goals. This committee also recommends, for Board approval, the compensation and benefit plans for senior management.

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