Chairperson

The First Nations Financial Management Board (FNFMB) assists First Nations in strengthening their financial management regimes and provides independent certification for First Nations' financial performance and financial management systems. Certification by the First Nations Financial Management Board is necessary for a First Nation to participate in pooled borrowing through the bonds issued by the First Nations Finance Authority. The First Nations Financial Management Board plays an integral role in strengthening First Nations' core governance functions and capacity, in ensuring the credibility of pooled borrowing under the First Nations Fiscal Management Act, and in positioning First Nations to benefit from economic development opportunities. As a shared governance institution, the First Nations Financial Management Board is not an agent of the Crown but is accountable to the Minister of Indigenous Services.

The Chairperson of the First Nations Financial Management Board provides executive leadership, strategic operational and policy directions, ensuring that the Board fulfils its legal and regulatory mandate under the Act.

To this end, among other duties, the Chairperson formulates a vision for the Board and promotes the integrity of the operations of the First Nations Financial Management Board and of First Nations financial management standards, approaches, processes and practices. The Chairperson also advances financial management capacity and accountability frameworks of First Nations governments and a robust fiscal infrastructure in support of economic development, self-governance and self-determination. The Chairperson leads the development and application of decision-making processes resulting in the certification of First Nations financial performance and management systems and the implementation of co-management or third-party management of local revenues.

The Chairperson promotes the financial management interests and concerns of First Nations with other First Nations institutions, First Nations governments and associations, as well as federal departments and provincial governments and provides advice to the Minister on the soundness of First Nations' financial management regimes and systems and the evolution of fiscal arrangements between First Nations and the federal government.

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