Provincial Employees Community Services Fund Board of Directors

On this page

• Overview
• Key duties of the Board of Directors
• Board composition

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Overview

• The Board of Directors is appointed by the B.C government
• Members cease to hold office if no longer an employee or at the will of the employer
• The role of the board is to provide leadership and oversee PECSF activities
• The board represents interests of employees, charities and the broader community
• As leaders, the board works with staff and stakeholders to set goals and objectives
  • It reviews outcomes and monitors and evaluates overall performance
• As overseers, the board adheres to the budget
  • It ensures best practices in dealing with donors, charities, and volunteers
  • The board sets operational policies, but is not involved in day-to-day decisions

Key duties of the Board of Directors

Fiduciary duty

Directors have a fiduciary duty to act on behalf of and solely in the interest of PECSF.

Directors are obligated to avoid situations in which their personal interests are put above, or seen to be put above, the fund. Directors cannot use their positions for their own benefit.

Directors must ensure that PECSF funds are controlled, accounted for and managed by embracing these principles:

• Funds are managed in the best interest of the beneficiaries (the charities) and according to the PECSF Trust Agreement (PDF, 419KB)
• Funds are disbursed to charities as the donors wish and in keeping with PECSF's overall goals
• Funds are handled properly and honestly

Financial management

• The board shall approve a PECSF budget by the end of March each year
• The budget is based on anticipated administrative costs and funding expectations
• The board shall approve the draft audited financial statements so they can be presented to the BC Public Service Agency
• The board shall recommend the appointment of the fund's auditor
• The board shall ensure that PECSF has adequate accounting systems with appropriate internal controls

Board composition

• The Provincial Employees Community Services Fund (PECSF) Trust Agreement (PDF, 419KB) specifies that 5 board members must be active employees of the Province of B.C.
• The deputy minister responsible for the BC Public Service Agency is the chair of the board unless they or the minister delegate that responsibility

For more information, review the Community Fund Trust Documents Infographic (PDF, 56KB).

If you need an original dated copy of the PECSF Trust Agreement (PDF, 419KB), please contact PECSF.