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Travel and hospitality expenses

FCC is financially self-sustaining and is not dependent on the federal government for annual funding. Its mandate is to enhance rural Canada by providing business and financial solutions to farm families and agribusiness.

At FCC, acting with integrity and maintaining the highest ethical standards are important priorities. As part of our commitment to advance the business of agriculture, we have policies governing:

  • Travel necessary to effectively deliver services to customers and reimburse employees for expenses when traveling on FCC business

  • Hosting customer events and community events

  • Use of internal business meetings and volunteer activities

View our policies on travel and related expenses and business meetings and events.

Report on annual expenditures for travel, hospitality and conferences for 2022-23

This report provides information on total annual expenditures for travel, hospitality, and conferences for FCC for the fiscal years ending March 31, 2023 and March 31, 2022 along with explanations on significant variances.

Expenditure category Expenditures for the year ending March 31, 2023
($000)
(a)
Expenditures for the year ending March 31, 2022
($000)
(b)
Variance
(b-a)
Travel:      
Operations $6,979 $1,993 ($4,986)
Key Stakeholders $707 $6 ($701)
Internal Governance $156 $6 ($150)
Training $626 $38 ($588)
Other $881 $273 ($608)
Total Travel $9,349 $2,316 ($7,033)
Hospitality $2,119 $604 ($1,515)
Conference Fees $451 $377 ($74)
Total $11,919 $3,297 ($8,622)

For all expenditure categories:

In 2023, expenditures for travel, hospitality and conference fees increased due to the continued lifting of pandemic restrictions and return to pre-pandemic levels.

Enterprise Management Team and Board of Directors expenditures

Members of the Enterprise Management Team are responsible for ensuring the corporation achieves its mandate and strategic objectives. Travel is required to meet with industry partners, stakeholders and FCC's shareholder (Government of Canada), as well as customers and employees.

The FCC Board of Directors meet regularly to ensure that the corporation remains focused on its vision, mission, and values, and fulfils its public policy role. Travel is required to attend Board meetings and other key corporate events, conference and learning events.

The following lists travel and hospitality expenses for each member of the Enterprise Management Team and Board of Directors. Expenses are reported monthly, with running totals for the year shown at the bottom of each table.

Enterprise Management Team
Report
Justine Hendricks, President & Chief Executive Officer
Justine Hendricks 2023-24 Travel and hospitality expenses
Travis Asmundson, Executive Vice-President and Chief Information Officer
Travis Asmundson 2023-24 Travel and hospitality expenses
Greg Honey, Executive Vice-President and Chief Human Resource Officer
Greg Honey 2023-24 Travel and hospitality expenses
Todd Klink, Executive Vice-President and Chief Marketing Officer
Todd Klink 2023-24 Travel and hospitality expenses
Corinna Mitchell-Beaudin, Executive Vice-President and Chief Risk Officer
Corinna Mitchell-Beaudin 2023-24 Travel and hospitality expenses
Sophie Perreault, Executive Vice-President and Chief Operating Officer
Sophie Perreault 2023-24 Travel and hospitality expenses
Ross Topp, Executive Vice-President and Chief Financial Officer
Ross Topp 2023-24 Travel and hospitality expenses
Board of Directors
Archive reports