Developed by the City of Toronto

An investment policy/plan guides how corporations invest capital reserves and other long-term funds. It states how the funds will be invested, how long these funds should be invested and what returns should be expected as well as who has the authority to make and approve investment and reinvestment decisions

The Board of Directors is responsible for safeguarding the corporation’s assets, and ensuring that corporate funds are used to further the corporation’s goals. As such, the Board of Directors must make certain that cash and other investments are managed wisely.