Meeting Summary

Governance Committee – August 13, 2019

2020 Gap Analysis

The OAC Board Competency Framework reflects OMERS unique and specific needs based on its strategy and organizational structure.  The Competency Framework works in tandem with the Skills Matrix, which maps those competencies to specific Directors and in doing so identifies specific competencies in which the OAC Board may need to increase its capacity.  This Gap Analysis is then communicated to the SC in advance of its process of making renewal and replacement decisions on the OAC Board.

In July, all OAC Directors were asked to review their self-assessments.  All Directors except one confirmed their existing self-assessments; one director provided additional information for the Committee’s consideration.

Following a discussion of individual Director competencies and proposed amendments, the Governance Committee approved the skills assessments of the OAC Board members, including the additional competency as presented.