CPAB’s Board of Directors has overall responsibility for supervising the management of CPAB's activities and affairs.
The Board has nine directors, all appointed by the Council of Governors. At least four, but no more than five of the directors, must be professional accountants to ensure the Board has directors with accounting expertise. At least two directors must have regulatory experience or regulatory/audit oversight experience.
Although CPAB’s By-Laws specify that directors are reappointed annually by the Council of Governors, CPAB has a policy that individual directors are appointed for a term of up to three years, and are eligible for reappointment, provided their total tenure does not exceed nine years (unless CPAB has recommended the extension of the appointment, limited to one, one-year term.
Nick Le Pan was appointed Chair of CPAB on April 15, 2008. Prior to this, he served in the Office of the Superintendent of Financial Institutions (OSFI) in key roles, including Superintendent of Financial Institutions from 2001 to 2006, and Deputy Superintendent from 1995 to 2001. Before this, he was a senior official in the federal Department of Finance. He is on the Board of CIBC and chairs its Risk Committee. He also chairs the Independent Review Committee of Brandes Funds. Le Pan consults on financial services matters for a number of organizations, including the International Monetary Fund (IMF). He lives in Ottawa, Ontario.
Jocelyn Proteau has chaired the Board of BTB Investment Trust since 2006 and has chaired the Board of Richelieu Hardware since January 2013. Proteau is a member of the Board of Familiprix and CO2 Solutions Inc. He was a member of the Board of HEC Montréal (École des Hautes Études Commerciales) from 2001 to 2015 and chaired the Board of the Standard Life Assurance Company of Canada and Standard Life Financial Inc. from 2005 to May 2009. Proteau also chaired the Board of Standard Life Trust from 2003 to 2009. Prior to this role with Standard Life, he was the Chair and CEO of Fédération des Caisses Desjardins de Montréal-et-de-l'Ouest-du-Québec from 1989 to 2001. Currently Vice Chair of CPAB and an ex-officio member of CPAB’s Human Resources and Governance Committee and Risk and Audit Committee, Proteau lives in Montréal, Québec.
Ian Bourne is the Chair of Ballard Power Systems Inc. He is a Director of the Canada Pension Plan Investment Board, Canadian Oil Sands Limited and Wajax Corporation. He also has served on the boards of a number of not-for-profit organizations. Bourne acted as Chair of SNC-Lavalin Group from 2013 to 2015 and interim CEO of SNC-Lavalin during 2012. He is a former Executive Vice President and Chief Financial Officer of TransAlta Corporation. Prior to this, he held a number of senior management positions with General Electric and Canada Post Corporation. Bourne was recognized as a Fellow of the Institute of Corporate Directors in 2011. Bourne is a member of CPAB’s Human Resources and Governance Committee and lives in Calgary, Alberta.
Ken Crump is the Past Chair of the Board of Trustees of the Coast Wholesale Appliances Income Fund. He is Past Chair of the Finance and Audit Committee and Past Vice Chair of the Board of Community Living British Columbia, a provincial Crown agency. Crump spent nine years with BC Telecom Inc., serving as Senior Vice President of Corporate Services and Chief Financial Officer and Treasurer from 1995 to 1999. Prior to this, he held a number of senior management positions with BC Telecom and Microtel Limited. He has also been involved with a variety of other boards. Crump chairs CPAB’s Risk and Audit Committee and lives in Vancouver, British Columbia.
Julie Dickson is a former Superintendent of Financial Institutions of Canada and member of the Financial Stability Board in Basil, Switzerland. She has also been a Director of the Canada Deposit Insurance Corporation, the Toronto Leadership Center and a member of the Basel Committee on Banking Supervision. Dickson is also a recipient and Member of the Order of Canada, having been recognized for her work related to financial supervision and regulation in Canada and globally. Dickson is currently a member of the Supervisory Board of the European Central Bank. Dickson is a member of CPAB’s Human Resources and Governance Committee and lives in Ottawa, Ontario.
Guy Fréchette is a former Vice Chair and member of the Executive Committee at Ernst & Young LLP and was Managing Partner for the Province of Québec until 2008. He sits on several boards, including the Montréal Symphony Orchestra Endowment Fund Board., where he chairs the Audit Committee. Fréchette was a board member of HEC-Montreal from 1999 to 2015 and he chaired the Audit Committee for that period. In 2012 he was appointed Chair of the Board of HEC-Montreal Foundation. He serves on the Boards of CEPSUM of Montréal University and for Fonds Ville-Marie. He is President of the Foundation for Mental Illness (Québec) Inc. and is a past President and Chair of the Board for the Montréal Board of Trade. Fréchette also sits on the Board of Otera Capital, a subsidiary of the Caisse de Depot du Québec, where he chairs the Human Resources Committee and sits on the Audit Committee. Fréchette is a member of CPAB’s Risk and Audit Committee and lives in Montréal, Québec.
Bruce Jenkins retired as Deputy Chief Executive of Deloitte & Touche (Canada) in 2009. During his career he was also a member of the firm's Executive Committee and Board of Directors. Jenkins is also a past member of the Board of Directors of CPA Canada and a past Chair of CPA Ontario. He was recognized as a Fellow of that Institute in 1991. Jenkins has also chaired the Board of the Oakville Centre for the Performing Arts and been a board member of Junior Achievement of Canada and Big Brothers and Sisters of Canada. Jenkins is a member of CPAB's Risk and Audit Committee and lives in Toronto, Ontario.
Sheryl Kennedy is the CEO of Promontory Financial Group Canada ULC, an affiliate of Promontory Financial Group LLC, a global consulting firm to the financial services industry that provides strategy, risk management and regulatory advice. She was the Deputy Governor of the Bank of Canada from 1994 to 2008 and chaired the Markets Committee at the Bank for International Settlements in Basel, Switzerland from 2003 to 2006. She served as Senior Advisor for International Strategy for Scotiabank in 2006. Prior to her time with the Bank of Canada, Kennedy worked in the federal Department of Finance and served as Finance Counsellor at the Canadian Embassy in Paris, France. Kennedy is a member of CPAB’s Risk and Audit Committee and lives in Toronto, Ontario.
Alice Laberge is currently a Director of the Royal Bank of Canada, Potash Corporation of Saskatchewan, Russel Metals Inc. and the BC Cancer Foundation. She has previously sat on other boards in a wide range of organizations such as crown corporations, universities and not-for-profit organizations. Laberge is formerly the President and Chief Executive Officer and prior to that Chief Financial Officer of Fincentric Corporation. Prior to this, she held a number of senior management positions with MacMillan Bloedel Limited, including Chief Financial Officer. Laberge was recognized as a Fellow of the Institute of Corporate Directors in 2015. Laberge is a member of CPAB’s Human Resources and Governance Committee and lives in Vancouver, British Columbia.
Gary Porter is the retired co-founder of the public accounting and consulting firm Porter Hétu International. He was elected to the Ontario Certified General Accountants (CGA) Executive in 1986, became President of CGA Ontario in 1992 and Vice President of CGA Canada in 1994. Porter also served as the Chair of the Investment Committee and as a member of the Audit & Actuarial Committee while serving on the Board of Directors of the Ontario Teachers’ Pension Plan. He has written and lectured on auditing and accounting standards for the past 25 years. Porter is a member of CPAB’s Human Resources and Governance Committee and lives in Sidney, British Columbia.
Benita Warmbold is Senior Managing Director and Chief Financial Officer at the Canada Pension Plan Investment Board (CPP Investment Board). Prior to joining the CPP Investment Board, she was Managing Director and Chief Financial Officer of Northwater Capital Management Inc., and held senior positions with the Canada Development Investment Corporation and KPMG. Warmbold is active on several boards, including SNC-Lavalin, Crestone Peak Resources, Methanex Corporation, Queen’s University Board of Trustees and Women’s College Hospital. She is also Chair of the Queen’s University's Smith School of Business Advisory Board. Warmbold is Chair of CPAB’s Human Resources and Governance Committee and lives in Toronto, Ontario.