What is the governance structure of the LPIF?
A not-for-profit corporation is in the process of being established to oversee the administration of the LPIF. The corporation will be governed by a Board of Directors comprised of representatives, beneficiaries of, and contributors to the LPIF. The role of the Board is to oversee the administration of the LPIF in the manner directed by the CRTC, as described in Broadcasting Regulatory Policy CRTC 2009-406. In addition, consistent with Public Notice CRTC 1999-29, all members of the Board are Canadian; not more than one-third of Board members represent BDUs; representatives of BDUs have the right to cast not more than one-third of votes in a directors’ meeting; and all decisions are made by majority vote. Pursuant to Public Notice 2008-100, the fund administrator is required to file a public annual report setting out data intended to allow the Commission to determine the LPIF’s success.
