June 21, 2024 (Edmonton Metropolitan Region) – Today, Edmonton Global shareholders, Board and management met to receive, review, and affirm the forward-looking recommendations of the Shareholder Ad Hoc Working Group which was convened six months ago. This comes after approximately five operational years of Edmonton Global, making it an ideal time for this crucial work. The recommendations accepted today are a result of an extensive stakeholder engagement process, aimed at determining strategies for improving Regional collaboration for economic development in the Edmonton Region. The recommendations will enhance Edmonton Global’s work by addressing the organization’s funding model, governance, and strategy development.
The Working Group was tasked with providing strategic recommendations to Edmonton Global shareholders and Board on how to address challenges that were being raised by its shareholders. With the final report having been delivered, the Ad Hoc Working Group has concluded its work.
“Today marks a significant step forward for Edmonton Global and for our Region. These recommendations will help us work more collaboratively and strategically. It will also enhance the sustainability of Edmonton Global, so we can collectively continue to drive growth for the Edmonton Metropolitan Region. The work of the Ad Hoc Working Group has been invaluable, and we are grateful for their dedication and insights. As we move forward, we remain focused on building a robust and sustainable future for Edmonton Global and our Region.”
“Today, we have taken a decisive step toward enhancing the effectiveness and sustainability of Edmonton Global. Our shareholders, Board, and management have collectively affirmed the vital recommendations put forth by the Ad Hoc Working Group. These efforts are not just about addressing immediate challenges but are focused on building a stronger foundation for long-term success.
As we move forward, the Board is fully committed to executing these recommendations and working closely with all stakeholders to achieve our shared goals. Together, we will ensure that Edmonton Global continues to thrive and effectively serve the Edmonton Metropolitan Region.”
About Edmonton Global:
The purpose of Edmonton Global is to radically transform and grow the economy of the Edmonton Metropolitan Region. We are a not-for-profit corporation founded by 14 municipalities that make up the Edmonton Metropolitan Region. Our focus is attracting foreign investment, helping Regional businesses export with the world, enhancing our Region’s global competitiveness, and bringing our Region together with a unified voice to attract the attention and interest of investors the world over.
Contact Edmonton Global
Chris McLeod
VP, Global Marketing & Communications
cmcleod@edmontonglobal.ca
780-499-4517
