Acts and Regulations

2013, c.27 - Accountability and Continuous Improvement Act

Section 6
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Full text
Memorandum of understanding
6(1)Within three months after the commencement of this section or within three months of an entity becoming a Crown corporation, the responsible minister and the Crown corporation shall jointly develop a memorandum of understanding that shall contain the following:
(a) the Crown corporation’s mandate;
(b) the roles and responsibilities of the Crown corporation, the members of the Board of the Crown corporation, the chief executive office of the Crown corporation, if any, and the responsible minister and Deputy Minister;
(c) the Crown corporation and the responsible minister’s mutual expectations in respect of communication, collaboration and consultation with each other;
(d) the financial, staffing and administrative arrangements for the Crown corporation;
(e) the requirement for providing quarterly financial reports to the responsible minister;
(f) any other information required by Executive Council.
6(2)A memorandum of understanding shall be reviewed and extended, amended or replaced three years after the date on which it was developed and every three years after that date.
6(3)A memorandum of understanding may be amended at any time by the Crown corporation and the responsible minister.
2022, c.29, s.8
Memorandum of understanding
6(1)Within three months after the commencement of this section or within three months of an entity becoming a Crown corporation, the responsible minister and the Crown corporation shall jointly develop a memorandum of understanding that shall contain the following:
(a) the Crown corporation’s mandate;
(b) the roles and responsibilities of the Crown corporation, the members of the Board of the Crown corporation, the chief executive office of the Crown corporation, if any, and the responsible minister and Deputy Minister;
(c) the Crown corporation and the responsible minister’s mutual expectations in respect of communication, collaboration and consultation with each other;
(d) the financial, staffing and administrative arrangements for the Crown corporation;
(e) the requirement for providing quarterly financial reports to the responsible minister;
(f) any other information required by Executive Council.
6(2)A memorandum of understanding shall
(a) be in a form approved by Executive Council, and
(b) be reviewed and renewed, amended or replaced three years from the date on which it was developed and every three years thereafter.
6(3)A memorandum of understanding may be amended at any time by the Crown corporation and the responsible minister.
Memorandum of understanding
6(1)Within three months after the commencement of this section or within three months of an entity becoming a Crown corporation, the responsible minister and the Crown corporation shall jointly develop a memorandum of understanding that shall contain the following:
(a) the Crown corporation’s mandate;
(b) the roles and responsibilities of the Crown corporation, the members of the Board of the Crown corporation, the chief executive office of the Crown corporation, if any, and the responsible minister and Deputy Minister;
(c) the Crown corporation and the responsible minister’s mutual expectations in respect of communication, collaboration and consultation with each other;
(d) the financial, staffing and administrative arrangements for the Crown corporation;
(e) the requirement for providing quarterly financial reports to the responsible minister;
(f) any other information required by Executive Council.
6(2)A memorandum of understanding shall
(a) be in a form approved by Executive Council, and
(b) be reviewed and renewed, amended or replaced three years from the date on which it was developed and every three years thereafter.
6(3)A memorandum of understanding may be amended at any time by the Crown corporation and the responsible minister.