Accountability
Canada Health Infoway (Infoway) is a federally-funded, independent, not-for-profit organization equally accountable to its Members – Canada's 14 federal, provincial and territorial governments represented by their Deputy Ministers of Health.
Infoway's accountability and reporting mechanisms are consistent with good governance practices and include:
- An annual audit of financial statements by an independent auditor in accordance with Generally Accepted Accounting Principles (GAAP) made available to Infoway's Members and the public
- An Annual Report to include performance results relative to the Corporate Business Plan and an overview of expected results made available to Infoway's Members and the public
- An Annual Corporate Business Plan presented to Infoway's Members and a summary made available to the public
- An Annual Compliance Audit specific to the terms and conditions of the Funding Agreements with the Government of Canada made available to Infoway's Members, Board and management team
- An independent third-party evaluation to be conducted at least every five years to measure overall performance in achieving the outcomes identified in the Funding Agreements. Read the March, 2006 Performance Evaluation or the March, 2009 PHS Progress report.
- An independent performance audit (value for money audit) was conducted by the Office of the Auditor General of Canada and tabled in Parliament on November 3, 2009
- A Risk Management Framework for assessing, monitoring and mitigating risks at the enterprise level as well as collaborating with all jurisdictions at the project level
Infoway has initiated additional reporting and sound governance practices, including:
- Reporting on investment performance of the non-disbursed portion of the principal amount in accordance with pre-established guidelines in the Funding Agreements
- Existence of Audit, Compensation and Human Resource and Governance Committees of the Board, not required by the Funding Agreements
- Financial and Compliance audits are conducted by separate independent audit firms
- Infoway has also adopted a phased and gated funding approach, requiring funds only be dispersed once pre-set milestones are met
Read the Infoway Code of Business Conduct.
