Service Alert
National Day for Truth and Reconciliation
Our offices are closed Friday, Sept. 30 to mark the National Day for Truth and Reconciliation. We’re committed to continuing to further reconciliation and stand together with Indigenous peoples and communities, while recognizing there is more work to do.
Last updated Thursday, Sep 29, 2022 04:33 PM

About ICBC

Find a Service Location

​​​​​​​​​​Corporate governance

ICBC is governed by a board of directors, CEO and management team.

They are guided by the public sector guidelines for corporate governance, and must act in accordance with the provisions of the Insurance Corporation Act, the Insurance (Vehicle) Act and Insurance (Vehicle) Act Regulation, and other legislation applicable to ICBC.

Changes to ICBC's basic insurance are regulated by the BC Utilities Commission. They ensure that basic insurance rates are justified and reasonable.

ICBC's Board Governance Manual

ICBC's governance practices and procedures are found in the Board Governance Manual.

The Manual covers the following topics:

  • ICBC's governance framework
  • Roles and responsibilities of Directors, the CEO, and the Corporate Secretary​
  • Terms of reference for the ICBC Fairness Officer
  • ICBC's Fairness Commissioner
  • Reporting requirements for subsidiaries and financial statements

For additional information on ICBC Board of Directors, you can also review the Committees of the Board and the Appointment Terms of Current Directors.

Mandate Letters

Government reviews

Quick links