Transparency and Accountability

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Transparency and Accountability

As the lead economic development agency for New Brunswick, Opportunities NB (ONB) takes its obligation to be transparent and accountable to New Brunswickers seriously. ONB is continuing its work to fulfill the Office of the Auditor General of New Brunswick’s recommendations to ensure meaningful and effective policies and procedures are in place to protect public funds. ONB is also committed to improving access and proactive disclosure of how it manages and invests public funds.

ONB’s Annual Reports:

Office of the Auditor General of New Brunswick’s Recommendations:

March 2015Auditor General report released with 19 recommendations
May 2015Third party (Deloitte) to assist with ONB: identification of best practices, gap analysis, recommendations and review
August 2015Steering Committee formed
September 2015Chief Financial Officer hired
October 2016Third party (Deloitte) conducts fourth review of ONB Policies & Procedures and engaged to conduct implementation audit
October 2017Auditor General (AG) report released
October 2017Third party (Deloitte) conducts implementation audit based on AG report
December 2017 Engaged third party (Symplicity) to assist with improvement of integration of policies and procedures
December 2017 Board approved ONB Disclosure Policy: what ONB will disclose and when
February 2018Monitoring & Compliance Manager hired
March 2018Transparency & Accountability section on website


ONB Disclosure Policy

In December 2017, ONB Board of Directors approved a policy that establishes what ONB will disclose publicly and when:

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