British Columbia Government Corporations
We have over 2 dozen BC government corporations. Click here to see public sector compensation packages
While looking at the partial list below please keep in mind that many of the CEOs TOTAL compensation is around half a million dollars per year. This list is reasonably current but may have a few discrepancies if you are really interested go to the link at the top and read it right from the Government website.
When we get into power as a party we need to take a close hard look at how these Crown corporations are run. That will require some serious auditing and we should start with ICBC. Government is notoriously bad at running businesses and I am sure that we will find that we need to start thinking of getting government out of the business of business. We can make sure that there are safeguards and some oversite for the corporations and services that British Columbians depend on but I believe that if each of these entities has to make sure they are self-supporting they will be run more efficiently and that will benefit British Columbians.
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So let’s look at ICBC. I believe we need to open up the rules to let companies compete with ICBC. We should start slowly but competition is a good thing it forces companies to be more efficient and offer to their customers what they need and want. ICBC just tells everybody what they get they never ask what you want. Now sure you get to make some choices here and there but why not a package deal if you have more than 1 vehicle, or a vehicle and some recreational vehicles. If you have a good history and own a Quad and a truck let’s look at offering people a package tailored to what they need. The best way to do this is let the market decide and that means other insurance companies need to be able to sell more products that ICBC currently has a monopoly on.
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BC Hydro - The province's public electric utility company. CEOs salary $406,947 click to see total compensation
ICBC (Insurance Corporation of British Columbia) - Provides auto insurance and driver licensing services. CEOs salary $384,280 click to see total compensation about a 300 million dollar a year loss
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BC Housing - Focuses on housing initiatives and programs in the province. CEOs salary $268,531 click to see total compensation
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BC Transit - Manages public transit services in various communities across BC. CEOs salary $306,848 click to see total compensation
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TransLink - Operates public transportation services in the Metro Vancouver region. CEOs salary $406,634 click to see total compensation
BC Lottery Corporation - Oversees and operates the province's lottery and gaming activities. CEOs salary $332,534 click to see total compensation and this one has 2 CEO’s
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BC Ferries - Provides ferry transportation services in coastal regions. CEOs salary $581,952
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BC Liquor Distribution Branch - Responsible for the wholesale distribution of liquor and cannabis products. CEOs salary $205,000 click to see total compensation
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British Columbia Investment Management Corporation (BCIMC) - Manages investments for public sector organizations in BC.
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British Columbia Public Service Agency - Supports human resource management for the provincial government.
British Columbia Pavilion Corporation (PavCo) - Manages and operates venues for events and conferences. CEOs salary $336,731 click to see total compensation
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British Columbia Transportation Financing Authority - Manages financing for transportation projects. British Columbia Assessment Authority - Assesses property values for tax purposes. CEOs salary $228,740 click to see total compensation
Insurance Council of British Columbia - Regulates the insurance industry and licenses insurance professionals. CEOs salary $272,850 click to see total compensation
British Columbia Securities Commission - Regulates the securities industry in the province. CEOs salary $481,658 click to see total compensation