CLE Online

Welcome and Introduction

Michael J. McDonald — McDonald & Duncan LLP, Vancouver

FIRST NATIONS FISCAL MANAGEMENT

First Nations Fiscal Management: Legislative Framework

• First Nations Fiscal Management Act and certification
• First Nations Finance Authority
• First Nations financial laws, policies, bylaws

Frank Busch — Director of Information & Marketing, First Nations Finance Authority, Westbank
Shayla Point — Senior Manager of Legal & Corporate Services, First Nations Financial Management Board, West Vancouver

Questions and Discussion

Networking Break

First Nations Governance and Fiscal Management

• transparency legislation and reporting requirements
• audit committee requirements for First Nations corporations
• building governance laws, policies, and bylaws

Jennifer A. Duncan — McDonald & Duncan LLP, Vancouver

Questions and Discussion

Networking Lunch

FIRST NATIONS WEALTH MANAGEMENT

First Nations Wealth Management through Good Governance

• stewardship through sound governance and division of powers
• good governance documents—investment policy statement
• roles and responsibilities in First Nations trusts among First Nations leadership, trustee(s), and investment advisors
• challenges on selecting investment managers
• ongoing monitoring, recording, and governance

Jeff Frketich — Peace Hills Trust Company, Edmonton
Georgina Villeneuve, MBA, MTI — Vice President, Trust Service, Peace Hills Trust Company, Edmonton

Questions and Discussion

First Nations Trusts: Impact Benefits and Revenue Sharing Trusts

• unique characteristics of First Nations trusts
• unique characteristics of IBA trusts
• tax issues
• governance and IBA trusts
• professional responsibilities in advising on IBA trusts

Michael J. McDonald — McDonald & Duncan LLP, Vancouver

Questions and Discussion

Networking Break

Important Considerations in Establishing and Maintaining a First Nations Settlement Trust

• unique characteristics of First Nations settlement trusts
• why use a settlement trust?
• the legal framework: applicable case law and legislation
• cost and accountability considerations
• best practices

Lee Francoeur — Eagle Law, Tsuu T'ina, Alberta

Questions and Discussion

Treaty Settlement Context for Fiscal Management

• fiscal requirements when negotiating the Tsawwassen First Nation Treaty
• fiscal management and governance issues in the Tsawwassen First Nation Treaty
• building good and accountable governance laws for the post-treaty world

Tom McCarthy — Chief Administrative Officer, Tsawwassen First Nation, Tsawwassen

Questions and Discussion

Professional Responsibility in Advising on Wealth Issues

• who is your client?
• getting paid and advising on IBA trusts
• conflict of interest in this context

Michael J. McDonald — McDonald & Duncan LLP, Vancouver

Putting It All Together: Coordinating First Nations Fiscal Management, Economic Development, and Wealth Management

Frank Busch — Director of Information & Marketing, First Nations Finance Authority, Westbank
Tina Dion — Barrister & Solicitor, Tsawwassen
Lee Francoeur — Eagle Law, Tsuu T'ina
Shayla Point — Senior Manager of Legal & Corporate Services, First Nations Financial Management Board, West Vancouver
Georgina Villeneuve, MBA, MTI — Vice President, Trust Service, Peace Hills Trust Company, Edmonton