Westworld Saskatchewan

SPEAKER'S CORNER 6 W E S T W O R L D | S P R I N G 2 0 1 5 When members read my quarterly magazine message, they may think I work for CAA, but I do not. Rather, my role as chair of the CAA Saskatchewan board of directors is to act on your behalf, alongside our 11 board members, to provide direction to the company. Board membership is divided evenly between Regina, Saskatoon and the rest of the province, with no area having less than three members. Directors typically have strong skills and extensive experience in areas such as accounting, auditing, law, highway engineering, trans- portation economics, business ownership, executive management and other profes- sional disciplines. Directors are appointed for a two-year term and cannot serve more than four terms or beyond age 70 unless within the executive rotation of vice-chair, chair and past chair. CAA Saskatchewan is among the 100 largest companies in Saskatchewan, with gross revenues of $57 million and total sales of more than $100 million. e Saskatchewan Motor Club (SMC), incorporated under pro- vincial legislation, is a non-profit company that deals with: membership; automotive and roadside service; travel information and advocacy related to highway safety; trans- portation investments; and vehicle technol- ogy – all on behalf of members and motorists. SMC is also the holding company for several for-profit companies, including an insurance company and insurance agency; a travel agency; a travel tour com- pany; a car sales and repair company; and a battery store. Profits from these companies are used to reduce overhead costs, provide more services to members and help mini- mize cost increases for membership fees. Overall operation of all companies is the responsibility of our president and CEO, Fred Titanich. e CEO reports to the board of directors. e board reviews and approves the long-term strategic plan, busi- ness plans, budgets and finan- cial statements for SMC and its subsidiaries. e board also must approve the acquisition or divesture of any subsidiary companies. e board has three committees that assist in its operation. All directors sit on at least one of these committees. e Nomi- nating/Governance Committee, chaired by the past chair, develops policies governing the operation of the board itself and the CEO to ensure good corporate management that is consistent with national standards. e Audit Committee, chaired by the first vice-chair, assesses and recommends an external auditing company that reviews all financial statements and provides an audit report verifying that all financial transac- tions were completed in accordance with general accepted audit practices. e Pension Committee, chaired by the CEO, includes board directors and CAA staff. ey are responsible for management of the two pension plans within the company and ensure that any investments, employer contributions or other actions adhere to the strict requirements under federal and provincial regulations. For more information about your board members, visit caask.ca/about-caa/welcome- caa-saskatchewan/board-directors. –Barry D. Martin, Regina Chair of the Board Pool on High Enjoy your magazine – read it from cover to cover. Noticed a little booboo in the "Moose Jaw Medley" sidebar (Getaways, Winter 2014). e pool is not on the main floor at Temple Gardens Mineral Spa, so consequently you must head upstairs to the fourth floor to enjoy the waters. W –I. Minifie, Holbein Write us: Speaker's Corner, Westworld Saskatchewan, 200 Albert Street N., Regina, SK S4R 5E2; email: caa.admin@caask.ca. Letters may be edited for clarity and brevity. Smooth Operators

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