Crown Investments Corporation (CIC) is the holding company for the province's commercial Crown corporations. CIC oversees subsidiary Crown corporation strategic direction and manages a framework designed to strengthen governance, performance and accountability of Crown corporations and to assist Crown corporation boards in discharging their responsibilities. CIC also manages the Gradworks program, CIC Asset Management Inc., and is the plan sponsor for the Capital Pension Plan. Additionally, CIC provides oversight to a number of funds established with financial assistance or administrative coordination by the provincial government.