Island Investment Development Inc. Board

Island Investment Development Inc. (IIDI) is a crown corporation reporting to the Minister of Economic Development, Innovation, and Trade. The objects of IIDI are as follows:

  • raise capital in foreign and domestic markets;
  • provide financing to projects of significant economic benefit to the province;
  • promote the province as a destination for offshore investment;
  • attract entrepreneurial expertise and skilled labour to the province.

What is the function of the board?

Subject to policy direction issued by the Lieutenant Governor in Council, the Board is responsible for the administration of the Island Investment Development Act and Regulations, and the general operations of the organization, including:

  • review and approve significant organization actions, within its delegated scope of authority;
  • review the Organization’s financial controls and reporting systems;
  • review and approve the Organization’s financial statements and financial reporting;
  • oversee the Organization’s management of enterprise risk;
  • review and monitor implementation of management’s strategic plans;
  • monitor senior management's performance.

Primary Role: Adjudicative

Material Roles:

  • Strategic development 
  • Professional organization management

How many people are on the board?

In accordance with recent amendments to the Island Investment Development Act, the affairs of IIDI shall be conducted by a board of directors consisting of:

  • deputy minister of Economic Development, Innovation, and Trade;
  • deputy minister of Finance;
  • executive director of Island Investment Development Inc.;
  • four representatives of the private sector broadly representing the Prince Edward Island business community and including one representative from each of the following sectors: agriculture, fisheries, and tourism.

What are the requirements of board members?

Work and Experience Requirements

Strong background or experience in business management, immigration or public sector administration.

Skills Required
Sound understanding of good business practices, commercial financing principles, and economic development and immigration policy.

What are the nomination requirements?

Statutory Nomination Requirements
The Lieutenant Governor in Council shall appoint all members.

Will I get paid?

Chair - $175/diem and Members - $125/diem

What is the time commitment of the board?

The board is active and typically meets 2 to 3 times per month; a large time commitment is required.

All new nominees will be contacted and required to provide a criminal record check prior to appointment.

The term of office of members of the board shall be as specified by the Lieutenant Governor in Council in the instrument of appointment, but are typically for three year terms. Private sector members of the board may be reappointed.

Island Investment Development Inc (IIDI) Board of Directors
Name County               Term Start                                                                    Term End                                                            
Johnny Flynn, Chair Kings December 31, 2021  December 31, 2024
Pamela Montgomery Prince August 22, 2018 December 31, 2023
Brendon McCloskey Queens August 22, 2018 December 31, 2023
Jacinthe Lemire Queens October 19, 2021 October 19, 2024
Deputy Minister of Economic Development, Innovation, and Trade     at pleasure
Deputy Minister of Finance     at pleasure
Executive Director, IIDI     at pleasure
How can I apply?  

If you would like to serve as a member of a provincial government agency, board, or commission (ABC) you can apply online through Engage PEI.

Who can I contact about this board?

Jeff Young
​Director, Island Investment Development Inc.
Tel: (902) 620-3628
Fax: (902) 368-6255

Published date: 
August 11, 2023
Economic Development, Innovation and Trade

General Inquiries

Department of Economic Development, Innovation and Trade
94 Euston Street
Charlottetown, PE C1A 1R7