Message from the Chair and Board of Directors
It is a privilege to serve as governors of WCB Nova Scotia at this critical juncture of the organization’s history.
The 40 workplace fatalities in 2018 are a tragic reminder of the importance of workplace safety.
Despite these very real tragedies, there was continued progress. We began to realize the potential of new realities, in operations and in long-term sustainability.
The organization is on the cusp of a multi-year business transformation, which is reinventing the very way it functions. We are proud of this transformation and the difference it will make, as we face new and more complex service needs into the future.
Although 2018 investment income slowed progress somewhat, we are still on track to eliminate the unfunded liability by 2020-2024. Once achieved this will enable exciting new conversations about the future of our legislative framework.
The WCB’s financial stewardship was noted by the Auditor General, as part of his review in 2018. In its first phase, the review noted the progress as a significant accomplishment, and found us to be a well-governed organization.
In the second phase, completed in 2019, the Auditor General found that overall the WCB is fulfilling its mandate, but that there are improvements required. Our executive team is working to implement the recommendations from both phases, and will be reporting to our Finance, Audit and Risk Committee.
In 2018, we said goodbye to long-time Board member and Deputy Chair Chris Power, whose service over 10 years contributed in a significant way to our overall governance. The Board thanks Chris for his leadership, vision and hard work. We were also pleased to welcome Deputy Chair Robert Patzelt, whose leadership and governance experience has already added valuable perspective to our meetings.
There is an overall feeling of forward momentum in workers’ compensation.
The Board of Directors is an engaged group of leaders. With roots in the perspective of those we serve, our long-term view is always one of what is best for the system. Grounded in the present and informed by the past, our decisions are guided by the future.