Questions from Royal Canadian Mint

Please reply to: Maureen Mayne,

Good Day!

We are currently reviewing the thresholds for which we seek/obtain Board of Directors approval on contract awards, contracts and spend.  The questions we have in support of this are:

  1. Do you report only contracts or vendor spend to your Board of Directors?
  2. What is the threshold for reporting contract to your Board?
  3. What is the threshold for seeking approval to award/contract?
  4. What other provisions or exceptions do you have in your policy i.e. operational contracts do not require approval etc.


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