The Regina Exhibition Association Limited (REAL) is governed by a Board of Directors (BOD). REAL is a not-for-profit corporation that operates Evraz Place. The City of Regina (COR) is the owner and sole-shareholder of the REAL. REAL operates separately and independently from the COR and does not have authority to act as an agent for the COR unless expressly provided. The COR owns the land and assets of Evraz Place which REAL operates on behalf of City Council in accordance with the Unanimous Members Agreement (UMA).
The mandate of REAL as per the UMA is as follows:
(a) to operate in the best interest of the community, and to enrich the quality of life for people in the community through the hosting and delivery of local, regional, national, and international events;
(b) to develop, operate and maintain facilities to provide world-class hospitality for trade, agri-business, sporting, entertainment and cultural events that bring innovation, enrichment and prosperity to the community; and
(c) to operate with an entrepreneurial spirit and to pursue expanded business venture that could generate additional revenue.
The BOD is made up of no more than 15 members and no fewer than seven (7). There are currently eleven (11) voting appointed directors and two (2) ex-officio (non-voting) directors – one appointed by the City of Regina and the other by the Ministry of Agriculture, Province of Saskatchewan.
The BOD is responsible for;
- Governance: Structures and processes to fulfil responsibilities, such as board skills matrix and recruitment, committee appointments and governance policies to name a few.
- Talent: select, evaluate, and compensate the CEO, and oversee their performance targets and evaluation in alignment with strategy.
- Integrity: ethical tenor of the company. Standards of honesty, integrity, and ethics. Complies with regulatory compliance.
- Risk: Monitoring the company’s strategic, operational, financial and compliance risk exposure. Collaborates with management to set risk-tolerance levels and alignment with strategic priorities.
- Performance: reviews and approves company strategy, annual operating plans, and financial plans. Monitors the execution against established budgets and alignment with strategic objectives of the organization.
- Strategy: Develops strategic priorities and plans that align with the mission of the organization and in the best interest of the shareholder. Monitors the ability to execute strategy.
The BOD is assisted in performing its work by four committees:
- Audit and Finance Committee
- Governance and Nominating Committee
- Human Resources Committee
- Strategic Initiatives Committee
- Tim Reid - President & Chief Executive Officer
- Gerry Fischer - Vice-President, Corporate Development
- Roberta Engel - Vice-President, Corporate Operations & Finance
Board of Directors
- Sandra Masters - Board Chair
- Ken Budzak
- Michael Fix
- Karen Gibbons
- Blain Kezama
- Kathy McCrum
- Marty Meloche
- Gordon Selinger
- David Sinclair
- Tiffany Stephenson
- Grant Wasnik
- Chris Holden - Ex-Officio - City of Regina
- Kevin France - Ex-Officio - Ministry of Agriculture, Province of Saskatchewan