NOTICE OF INTEREST- NBTF Group Insurance Trustees

The NBTF Group Insurance active plan members are hereby invited to submit their application to sit as a trustee of the NBTF Group Insurance Plan. The NBTF will be seeking one member from AEFNB and one member from NBTA to fill two vacant positions, as per our By-Laws. 

Should you be interested in sitting as a trustee, please take note of the following guidelines.

NBTF Policies require the following:

Trustees should be appointed for a term of five years and may be eligible for reappointment for a two-year term at the discretion of the Federation Executive Committee (Policy BA-1 (2)).

No person may become a Trustee unless he or she is a participant in one of the plans. Further on ceasing to be a participant in the plan, he or she shall immediately cease to be a Trustee. (Policy BA-1 (3))

No person shall sit as a Trustee if he/she is declaring bankruptcy or has declared bankruptcy in the past (Policy BA- 1(3) b).

In May 2020, the NBTF Executive Committee will appoint two new trustees, one member of the AEFNB and one member of the NBTA, participants in one of the Group Insurance Plans, to a five-year mandate schedule to begin on July 1st, 2020.

Trustees have an average of four meetings per year and have the obligation to maintain a professional education portfolio throughout their mandate.

Application deadline (extended): May 8, 2020

Preferred Selection Criteria for Trustees of the NBTF Group Insurance Plan

Trustees to the NBTF Group Insurance Plan will be selected in terms of the following preferred criteria. It is understood that these are considered to be guidelines and that not all plan members should necessarily possess all of the mentioned attributes:

Personal Attributes

  1. Demonstrate prior exposure to investment issues and group insurance issues;
  2. Demonstrate a track record of being able to work co-operatively with others and to provide leadership in a group setting;
  3. Demonstrate an ability to exercise sound judgment and to problem-solve in the execution of their fiduciary responsibilities;
  4. Know how to exercise independent judgment in the best interests of the plans (versus individual or organizational view points);
  5. Display a strategic perspective/orientation (vs. detail/micro orientation);
  6. Demonstrate a high standard of personal values and ethics and an ability to respect the confidentiality of closed session deliberations;
  7. Demonstrate an appreciation of public policy considerations;
  8. Show an ability to effectively communicate orally and use current forms of electronic communications;
  9. Demonstrate ability and willingness to raise potentially controversial issues in a manner that encourages dialogue;
  10. Show ability to be flexible, responsive and willing to consider others’ opinions;
  11. Commitment to devoting the time and being available to attend to the duties required of a trustee;
  12. Commitment to personal development and to participation in on-going training and continuing education required to be an effective trustee;
  13. Demonstrate a track record of prudence, discretion and intelligence;
  14. Show no direct or indirect conflict of interest with other organizations; and
  15. Demonstrate prior experience on a board or a committee operating in a complex and demanding board and committee

Preferred Specific Competencies

The following areas of knowledge, experience and expertise should be represented in most of the following domains:

  • Institutional investment practices;
  • Financial and Accounting aptitudes;
  • An aptitude for statistics, mathematics and probabilities;
  • Internal controls/audit and risk management processes;
  • Legal and regulatory; Information technology;
  • Human resources;
  • Government functioning and public policy;
  • Governance trends and best practices;
  • Previous leadership/management

Above all, be a member of one of the plans.