History

The Board of Compensation was established under section 25 of the James Bay Northern Quebec Agreement (JBNQA) to receive, administer, use and invest the compensation contemplated under the JBNQA.

The objectives of the Board of Compensation are to receive, administer, use, invest, transfer and distribute compensation monies from the JBNQA (1975).

CREECO has 9 Board members elected from members of the Board of Compensation. The elected Chairman of Board of Compensation also acts as President of Creeco.

Incorporated in 1982, CREECO is a wholly owned subsidiary of the Cree Regional Authority acting through the Board of Compensation. CREECO is the holding company for the following:

		Cree Construction and Development Company Established in 1976
		Gestion ADC Established in 1996
		Air Creebec Established in 1982
		Valpiro Established in 1988

All of CREECO’s profits flow to the Board of Compensation then back to the Cree shareholders.

CREECO has the mandate to provide services and economic opportunity - including employment, training and advancement to the Cree Nation with the ultimate goal of attaining self-sufficiency.

All BOC and CREECO employees are all Cree.

CREECO will always strive for excellence, create opportunities, be innovative, be structured in its investment strategies - guided by maximizing returns while safeguarding its assets and its values. CREECO Board of Directors always place the interests of the clients and its subsidiaries above their own self-interest.

The Executive Committee of CREECO is comprised of all Cree personnel. CREECO is recognized as a leader in economic and business development. CREECO relocated from Val-d’Or to Ouje-Bougoumou in 1995.