First Nations Fiscal & Wealth Management 2014


Course Date: June 5, 2014

Total: 4h 37min

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