order for a high level of trust to exist regarding the TWN
EcDevís ventures, it has been necessary to adopt principles
of operation that are clear, comprehensive and transparent.
The following principles are designed to ensure that this level of
trust can is maintained.
possible development projects will be developed, executed, and
operated in a manner consistent with Tsleil-Waututh and Coast Salish
foundation for TWN EcDev
involvement in any venture will be its likelihood to immediately or
eventually provide a net return on investment to the Tsleil-Waututh
profits and related financial returns will be considered ideal, where
appreciable benefits beyond profits are likely, TWN
EcDev will seek the direction of TWN Council, Management
Board and the Board of the proposed Economic Development Corporation
(to be named).
TWN EcDev will report regularly on
financial and management matters.
EcDev will conduct its business operations to the highest
standard of generally accepted business practices.
EcDev will work cooperatively with other TWN departments to
ensure an organizationally integrated approach to meeting the needs of
the Tsleil-Waututh community.
EcDev will work with the auditor chosen by TWN and the TWN
financial officer to prepare its annual budget and to assist TWN
businesses in developing projections for the upcoming fiscal year.