To support sound governance, the Desjardins Group Retirement Committee (DGRC) encourages its members to expand their knowledge so that they can better understand the information provided to them, identify issues, make informed decisions and effectively monitor the administration of the pension plan. New members are provided with broad training to prepare them to fulfil their duties. In addition, all members have access to a professional development program that covers group and individual savings.
The DGRC has established an enhanced group profile that identifies various skills and abilities that its members should have collectively. This will ensure that the group as a whole is equipped to fulfil its role and properly execute its duties. The profile describes the skills that the DGRC members should possess collectively. A member is not expected to possess all of these skills, but rather that the skills they hold can contribute to achieving the collective profile of the DGRC.
The collective profile is also intended to be a tool for the various groups called upon to designate members of the DGRC. Indeed, although they have all the latitude to appoint the people of their choice, the skills profile, from which they can draw inspiration in order to promote the establishment of an effective pension committee, is submitted to them. The profile is also designed to inform prospective DGRC members of what type of contribution is expected.
The knowledge relevant to the administration of the Plan relates in particular to the following fields:
- Liability management and actuarial science
- Asset management
- Finance and accounting
- Legal and regulatory compliance
- Risk management
- HR and communications
- Responsible investment
Individual qualities and skills:
- Values and professional conduct
- Cooperative spirit
- Good judgment
- Able to see the big picture
- Strategic skills and political savvy
- Active contribution during committee meetings
In addition to setting out the diverse skills needed within the DGRC, the enhanced group profile calls for membership diversity in terms of gender, age, cultural background and seniority within the DGRC. Having a diverse group of members makes it more effective and innovative.
Every year, DGRC member skills are assessed to establish the group's collective abilities and areas of expertise, identify areas that require strengthening, and inform decisions on training and professional development activities.