Committee to recommend ORPP board members

Ontario has appointed members for a nominating committee that will recommend candidates to serve on the Ontario Retirement Pension Plan Administration Corporation’s (ORPP AC) Board of Directors.

The members of the nominating committee were selected for their diverse backgrounds and skill sets. Together, the committee members bring the breadth of experience and insight required to attract and recommend professional and high-performing directors for the Board of the ORPP AC. In particular, the appointments recognize the importance of strong leaders in the areas of corporate governance and pension administration.

The members of the nominating committee are:

Eileen Mercier (Chair of the Committee): Ms. Mercier is currently chair of the Canadian Payments Association and was previously chair of the Ontario Teachers’ Pension Plan from 2007 to 2014. Her career encompasses over 40 years of experience in the financial services, communications and natural resources sectors in senior management positions. In 2011, Ms. Mercier was named one of Canada’s Top 25 Women of Influence and in 2012 and 2015 she was named one of Canada’s Top 100 Most Powerful Women. She is a Fellow of the Institute of Corporate Directors.

Carol Hansell: One of Canada’s leading governance experts, Ms. Hansell is the founding partner at Hansell LLP and has led major transactions for public and private corporations and governments for more than 25 years. Ms. Hansell has been at the center of the development of governance policy and practice in Canada, the United States and internationally. Ms. Hansell is an experienced director, having served on the boards of organizations across a variety of sectors. She is a Fellow of the Institute of Corporate Directors and the American College of Governance Counsel.

Susan Wolburgh Jenah: Currently the Chair of the Initial Board of Directors of the ORPP AC, Ms. Wolburgh Jenah has over three decades of experience as a regulator in capital markets and securities industries in Canada. She was formerly the President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC) and Vice-Chair and Acting Chair of the Ontario Securities Commission. Ms. Wolburgh Jenah serves on several boards and recently taught corporate governance at Osgoode Hall Law School.

Building a secure retirement savings plan is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talents and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented business.

  • The ORPP AC is an arm’s length organization modelled on the best practices of leading independent pension plans and will have a strong accountability and transparency framework, including publishing an annual report to members. – CINEWS

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