The Lieutenant Governor in Council appoints MASC’s directors and designates one director as chair and one director as vice-chair. The Board of Directors is to consist of not fewer than five and not more than nine directors.
The Board is responsible for the overall stewardship of the Corporation. It sets MASC’s strategic direction and organizational objectives, with the assistance of Executive Management.
The Board also makes recommendations to the Minister of Agriculture on future programming, ensures that the corporate governance policies by which MASC operates are relevant and current, and is responsible to oversee and monitor corporate operations according to applicable legislative requirements and with acceptable levels of risk. It reviews MASC's financial reporting, actuarial and audit functions, and provides final approval of all applicable budgets.
The President & CEO, who reports to the Board of Directors, is responsible for the administration of MASC's day-to-day operations. The other members of Executive Management are responsible for the following operational divisions:
Insurance Operations: insurance sales and services, claim services and other programs and services
Lending Operations: lending programs, guarantee programs, and loan administration
Research & Program Development: premium rates, coverages & forecasting, program development, and agronomy research & advice
Financial and Administration: financial and administration services
Information Technology: information technology services
Corporate Services: collections & regulations, communications & planning, human resources, and internal review & compliance