The governance rules of the foundation prescribe how directors and members are appointed. The foundation's administrators are responsible for developing policy. Six administrators are appointed by the government, and nine others are elected by members of the foundation.
The members of the foundation are shareholders and they were initially chosen by the government. Further, they are replaced on a regular basis. These people are intimately familiar with the needs of the Canadian economy and of the field of post-secondary education in Canada.
Generally speaking, these people are accountable to Canadians and report their activities each year at a public assembly. This year the assembly will be held over 10 days in Ottawa. Every year, about 60 people are present at these meetings and also account for their activities in the report itself...