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Act Now - The Report of the WCB Legislative Review Panel to the

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3. It is suggested that <strong>the</strong> first review should take place 1 year after legislative changesarising from this report are enacted.Recommendation: 3.2.7 Fiduciary Responsibility <strong>of</strong> <strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs1. <strong>The</strong> legislation should be changed <strong>to</strong> add a fiduciary responsibility clause in <strong>the</strong> <strong>Act</strong>ssimilar <strong>to</strong> that now in <strong>the</strong> Financial Administration <strong>Act</strong>s.Recommendations: 3.2.8 Liability Protection for <strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs1. <strong>The</strong> legislation should be changed <strong>to</strong> provide specific indemnification for members <strong>of</strong><strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs and <strong>of</strong> <strong>the</strong> Appeals Tribunal.2. This indemnification should be limited <strong>to</strong> <strong>the</strong> members’ performing <strong>the</strong>ir duties with<strong>the</strong> care described in <strong>the</strong> Financial Administration <strong>Act</strong>, Section 90.Recommendations: 3.2.9 Authority <strong>to</strong> Enter in<strong>to</strong> Agreements1. <strong>The</strong> legislation should be changed <strong>to</strong> enable <strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs <strong>to</strong> enter in<strong>to</strong>agreements with o<strong>the</strong>r parties for <strong>the</strong> purpose <strong>of</strong> administering <strong>the</strong> <strong>Act</strong>s.2. <strong>The</strong> legislation should be changed <strong>to</strong> enable <strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs <strong>to</strong> delegatesuch authority.3. It is suggested that agreements with o<strong>the</strong>r parties cover <strong>the</strong> protection <strong>of</strong> confidentialstakeholder information.Recommendation: 3.2.12 Authority <strong>to</strong> Own Real Property1. <strong>The</strong> legislation should be changed <strong>to</strong> enable <strong>the</strong> <strong>WCB</strong> Board <strong>of</strong> Direc<strong>to</strong>rs <strong>to</strong> buy orsell real property for operational purposes. This recommendation is subject <strong>to</strong>acceptance <strong>of</strong> Recommendation 3.9.1 Fully Funded Accident Fund.<strong>WCB</strong> <strong>Legislative</strong> <strong>Review</strong> <strong>Panel</strong> <strong>Report</strong> Page 112 <strong>of</strong> 128December, 2001

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