Governance

About Real

REAL Leadership

While the City of Regina is the Owner and Sole Shareholder of REAL, we are a registered non-profit organization and are governed by a Board of Directors (BOD)

We operate separately and independently from the City and do not have authority to act as an agent for the City, unless expressly provided. 

We function in accordance with the Unanimous Members Agreement (UMA), which mandates that we:  

• Operate in the best interest of the community and enrich the quality of life for people in the community through hosting and delivery of local, regional, national and international events;
• Develop, operate and maintain City and other lands and facilities to provide world-class hospitality for trade, agribusiness, sporting, entertainment and cultural events for placemaking and community development projects that bring innovation, enrichment and prosperity to the community;
• Operate with an entrepreneurial spirit and to pursue expanded business ventures that could generate additional revenue;
• Encourage the retention, development, attraction and growth of tourism products and services for those who live, work, visit and invest in the City and Region; and
• Market and promote the City and Region for tourism.

Our Board

As a non-profit, responsibility for our finanical well-being falls to our BOD. They are also responsible for: 

• Governance: Structures and processes to fulfil responsibilities, such as board skills matrix and recruitment, committee appointments, Environmental-Social-Governance (ESG) oversight and polices.
• Talent: select, evaluate, and compensate the CEO, and oversee their performance targets and evaluation in alignment with strategy. 
• Integrity: Manage the ethical tenor of the company. Establish and review standards of honesty, integrity, and ethics. 
• Risk: Monitoring the company’s strategic, operational, financial and compliance risk exposure. 
• Performance: reviews and approves company strategy, annual operating plans, and financial plans. Monitors the execution against established budgets and alignment with strategic objectives of the organization. 
• Strategy: Develops strategic priorities and plans that align with the mission of the organization and in the best interest of the shareholder. Monitors the ability to execute strategy.