Order in Council 346/2022

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas Invest Ontario is a corporation continued under the Invest Ontario Act, 2021 (the “Act”);

And whereas subsections 6(1) and 6(2) of the Act provide for appointment of a board of directors by the Lieutenant Governor in Council and the designation of a chair and vice-chair from among the members of the board of directors by the Minister of Economic Development, Job Creation and Trade;

And whereas subsection 6(6) of the Act provides that the members of the board of directors shall receive the remuneration and be reimbursed for reasonable expenses as the Lieutenant Governor in Council may determine;

Therefore, pursuant to subsection 6(6) of the Act, effective March 18, 2022,

Chair’s remuneration

1. The chair of the board of directors shall be paid remuneration of $350 per day, provided that the total remuneration shall not exceed $63,000 per year.

Vice-Chair’s remuneration

2. The vice-chair of the board of directors shall be paid remuneration of $250 per day, provided that the total remuneration shall not exceed $45,000 per year.

Other members’ remuneration

3. The members of the board of directors, other than the chair and the vice-chair, shall each be paid remuneration of $200 per day, provided that the total remuneration shall not exceed $36,000 per year.

Expenses

4. In addition to the remuneration set out above, the members of the board of directors, including the chair and vice-chair, shall be reimbursed for reasonable expenses incurred in carrying out their duties on the board of directors in accordance with the Management Board of Cabinet’s Travel, Meal and Hospitality Expenses Directive and other applicable directives.