Vermillion Calgary

You want to know that the organizations you work with have established rigorous systems to ensure good operations and good governance.

Vermillion Calgary is borne of the collaboration of professional consultants, lawyers and engineers so we understand how important it is for projects to conducted in a rigorous and businesslike manner.

After looking at the practices of NGOs whose accomplishments we respect, we created systems to monitor and drive the success of our initiatives.

We knew we were preparing a foundation for a worthy set of projects—and that's why Vermillion Calgary's development model was structured to add value.

It is guided by a steering committee of subject-matter experts who recommend programs and operational models to Vermillion Calgary's directors. It is also guided by the board of directors of Vermillion Institute (the "Board") that contribute to its effectiveness in corporate governance, financial governance, information technology, social media engagement, learning, and scientific analysis. It is also informed by a growing roster of advisors and senior advisors who are also subject-matter experts.

Board members were nominated and elected based on their (i) competencies; (ii) integrity; (iii) capacity for independent judgment; (iv) willingness to volunteer and commit over a 100 hours in the Institute's first year; (v) capacities for board interaction.

In the very first meeting of its board of directors, they established the respective roles and responsibilities of the board and executive officers; these roles continue to be reviewed on a periodic basis.

In the same meeting, Elise Dubourg moved that the board create a robust framework for oversight and accountability.

The resulting framework came to be known as Vermillion Institute's Governing Policies. The board resolved to adopt the governing policies in April 2009.

They establish a comprehensive code of conduct, describing the objectives and conduct the board, the chairs of board committees, as well as for Vermillion staff and signatories. In addition to promoting the ethical and responsible behavior and decision-making of Vermillion people, they provide direction for the development and no-charge distribution of useful sustainability information to both public and business groups. And since competitors may occasionally come together in Vermillion discussion forums, the policies manage risk through appropriate competition (antitrust) law and anti-corruption policies.

As part of the review process, in 2009 the Board also identified the need to compartmentalize the roles of international, national, and local research, policy development and communications. When it comes to elevating people, planet and prosperity, Calgary has unique opportunities and tensions, all of which require dedicated study to uncover the best life cycle solutions. To that end, Vermillion Calgary was established as a division of Vermillion Communities Incorporated—and it was given a mandate to grow and become an independently self-sustaining social enterprise, focusing primarily on the needs of Calgarians in the sustainable development agenda. The Board therefore holds a crucial oversight role, while enabling research and policy development to occur through the efforts of local subject-matter experts in Vermillion Calgary working groups.

The Institute has also established processes to:

1. Examine its board membership to select and appoint directors to ensure its members have the necessary competencies
2. Improve board performance
3. Provide its new directors with a comprehensive orientation and, as funds permit, provide continuing education opportunities for all directors
4. Identify, assess and resolve actual and potential conflicts of interest
5. Ensure that compensation policies are aligned with Vermillion's best interests
6. Recognize and manage risks that could adversely impact the achievement of Vermillion's objectives

Vermillion has also established processes to engage with and report to its stakeholders on a regular basis.

Accordingly, we report results in terms of measurable outcomes, and we adhere to our bylaws and governing policies; these are the best ways we know to continue to demonstrate Vermillion's value to the sustainability movement.