The LCBO is a provincial government enterprise reporting to the Minister of Finance.
The LCBO is committed to transparency and is accountable to its stakeholders in several ways:
The LCBO has a Board of up to 11 members. They are appointed by the Lieutenant-Governor, through Orders-in-Council, on the recommendation of the Premier and the Minister of Finance. Members are appointed for a term of up to five years and terms can be renewed. There are regular monthly Board meetings.
The mandate of the Board is to supervise the business affairs of the LCBO. Among its most important responsibilities are:
The LCBO Board has adopted a code of business conduct that includes policies addressing conflict of interest, confidentiality, the outside activities of employees and officers, gifts and entertainment.
The Board approves an annual health and safety policy and the Chief People Officer, provides the Board with regular health and safety reports.
The Audit Committee assists the Board of Directors with oversight of the integrity of LCBO’s financial statements; the financial reporting process; the systems of internal control and risk management functions; and the performance of the Internal Audit Services Department’s functions.
The Governance Committee is responsible for recommending the LCBO's corporate governance policies and practices and ensuring that the LCBO adheres to sound corporate governance principles.
The Human Resources and Compensation Committee (HRCC) assists the Board of Directors with oversight and makes recommendations concerning human resources and compensation matters, including workplace health and safety, and talent management strategies and programs to ensure LCBO has the employee capabilities to achieve its goals.
The Technology Committee, an ad hoc committee, assists the Board of Directors with oversight of certain technology risks and related matters.
Carmine Nigro is an accomplished real estate development executive and entrepreneur known for his practical and solutions-focused approach to complex projects.
As the co-founder and president of CRAFT Development Corp., he has more than 35 years of real estate development experience, including acquisitions, construction management and urban planning with projects involving retail, office and residential space in southern Ontario and the U.S.
Carmine is an active member of the community. In addition to volunteering for children’s Make-A-Wish, he is a member of the Friends of the Orphans Canada organization, helping to design and build schools, hospitals and other facilities in Guatemala, the Dominican Republic, and other countries. In addition, Carmine is the Chair of Ontario Place Corporation, a member of the board of directors of Invest Ontario and Runnymede Healthcare Centre and has been on the Senate of The Canadian Military Regiment, The Queens Own Rifles since 2021.
Carmine was appointed Chair of the LCBO Board in April 2019 for a three-year term. Term renewed April 2022 for a three-year term.
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