In February 2016, the BC Government announced the formation of a new organization called the Forest Enhancement Society of BC (FESBC). At the time of its formation, the BC Government provided an initial contribution of $85 million to the Society.
The purposes of the Forest Enhancement Society of British Columbia are:
The Board of Directors plays a central role in the leadership of any organization. While the board may hire management to conduct day-to-day operations, the board is ultimately responsible to ensure the organization is successful and achieves its mandate. Under the new BC Societies Act, the Directors must “manage, or supervise the management of, the activities and internal affairs of the society”. In carrying out their responsibilities, Directors must adhere to two legal duties: the first, commonly known as the fiduciary duty, requires Directors to act honestly, in good faith and in the best interests of the society. In the context of a government-mandated society, there is a need to balance achievement of the mandate with a consideration of other key stakeholders. The second duty is called the duty of care, which requires Directors to exercise the care, diligence and skill that a reasonably prudent investor would exercise in making investments in light of the purposes and distribution requirements of FESBC. A sound governance scheme ensures that Directors are able to meet the standards required under the duty of care.
The Board fulfills its duty by delegating to the Executive Director responsibility for the day-to-day operations of FESBC. Directors serve part time and the Board’s role is one of governance and oversight of FESBC.
The Board’s overall governance role involves a wide range of responsibilities, including approving FESBC’s multi-year strategic plan and reviewing it annually, annual operating plans and budgets, monitoring FESBC’s performance, ensuring management is qualified, reviewing FESBC’s material risks and overseeing a succession planning process to ensure continued leadership.
The Board is committed to conducting business in a legal and ethical manner.
The FESBC Board meets on an as needed basis several times each year.
Wayne Clogg graduated from the University of British Columbia with a Bachelor of Science degree in forestry in 1977. He served as West Fraser’s Senior Vice President, Woodlands where he had overall responsibility for woodlands and fibre management for the Company before he retired in 2012. Over his 32 years, Wayne served in a number of roles including field forester, woodlands manager and general manager and was a key contributor to West Fraser’s success. Before joining the FESBC Board, he worked as a consultant.
Jim Snetsinger graduated from the University of Toronto in 1979 with a Bachelor of Science degree in forestry, moved to British Columbia and started working for the BC government in 1986. He worked in a variety of positions before being appointed the province’s Chief Forester in 2004 where he served until his retirement in 2012. Since then he has been working as a forestry consultant.
Dave Peterson graduated from the University of Victoria with a bachelor of science degree in physical geography – Natural Resource Management in 1980 and became a registered professional forester in 1985. He worked with the Ministry of Forests until 1995, when he moved into the private sector. He returned to the ministry in 2005 and has served in a number of assistant deputy minister positions. He is currently the assistant deputy minister for the Tenures, Competitiveness and Innovation Division.
Mary Sue Maloughney is the Assistant Deputy Minister for Integrated Resource Operations and is responsible for management of heritage and archeology resources, wildfire, recreation sites and trails, mountain resorts, GeoBC, and compliance and enforcement. Mary Sue has held various Provincial positions. She joined the Ministry of Forests, Lands and Natural Resource Operations (FLNR) in 2015, serving as Acting ADM during one of the most challenging wildfire years in a decade.
Brian Banfill graduated from the College of New Caledonia’s business administration program in 1983 and became a CPA, CGA in 1990. He has over 30 years of forest industry experience including more than 12 years with West Fraser Timber, primarily in the role of Controller for the company’s solid wood operations group, and almost 13 years as a Senior Vice President with Brookfield Timberlands Management. With Brookfield, he was a key member of a small team that acquired over US$3 billion of timberlands and related manufacturing operations in Canada, the United States and Brazil and he was responsible for all aspects of accounting and finance for the timberlands operations managed by the company. In this role, he also served as CFO, and later COO, of Acadian Timber Corp. Since his retirement from Brookfield in 2016, he has been working as a consultant.
More information about the Forest Enhancement Society of BC: