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ARTICLE | Governance

OMERS Governance – Board Appointments

Good governance is critical to achieving and maintaining a high-performance pension plan – that is the objective behind the appointment of Directors to the OMERS Boards.

To learn more about the governance structure and responsibilities of OMERS Administration Corporation (OAC) and Sponsors Corporation (SC), please view the OMERS Corporate Governance page.

With the help of our sponsor organizations, five Directors were appointed to the OAC Board by the SC Board (see director biographies below). Thank you to our sponsors who worked with us to achieve the objectives for the 2014 nomination and appointment process. Together, we have further enhanced and broadened the capacity of the OAC Board.

Seven seats went through the review and nomination process in 2013, five this year, with the remaining two board seats scheduled for review in 2015.

Those sponsors with nominee directors whose terms expire at the end of 2015 will be contacted early in 2015 to allow as much time as possible to conduct their respective candidate recruitment and search processes. The OAC Board composition requirements can be found in the SC By-Law #13. The particular capacity requirements to be targeted for the 2015 process will be communicated to sponsors early in 2015.

The process is different for SC Board appointments as sponsor organizations make these appointments directly. In 2014, two new Directors were appointed to the SC, and two were reappointed.

Introducing the Newest Members of the OAC Board

Cliff Inskip, jointly nominated by both the Ontario Catholic School Trustees’ Association and Ontario Public School Boards’ Association, will join the OAC Board on January 1, 2015. Mr. Inskip is the Managing Director and Head of Infrastructure & Project Finance, Debt Capital Markets at a major Canadian financial institution. He has provided advice to numerous electricity distribution utilities on financing related matters, as well as to developers on large projects in the pipeline, energy and power and transportation infrastructure sectors.

David Tsubouchi, nominated by the retiree organizations, will join the OAC Board on January 1, 2015. As an elected official, he brings both provincial and municipal government/public policy and governance experience to the Board. He served as a Councillor for the Town of Markham and as a member of Provincial Parliament, during which time he held cabinet posts including Solicitor General. His governance experience includes extensive involvement as a Chair and Director with a wide variety of public and private sector, educational and community organizations.

Reappointed are:

  • Monty Baker, nominated by the Ontario Association of Police Services Boards
  • Gene Swimmer, nominated by the Police Association of Ontario
  • John Weatherup, nominated by CUPE Ontario

Introducing the newest members of the SC Board

Sandra Sahli was appointed to the SC effective July 1, 2014, by OSSTF. She replaces Jack Jones, who resigned mid-term to follow other career paths. Ms. Sahli has become a member of the Plan Design Information Committee and the Corporate Governance Committee. An active retiree, Ms. Sahli served in many elected and appointed OSSTF positions and was a Child and Youth Worker for the Greater Essex County District School Board.

Barry Brown will join the SC Board on January 1, 2015, taking over the AMO seat being vacated by retiring Member Bruce Stewart. Mr. Brown has been an employment and labour lawyer for the last 30 years. Throughout his career he has worked with a variety of unions and other employee representatives to find mutually acceptable solutions to challenging workplace issues.

Reappointed are:

  • John Fleming, by the City of Toronto
  • Marianne Love, by the Association of Municipalities of Ontario
  • Frank Ramagnano, by the Ontario Professional Fire Fighters’ Association
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