Reena Sagoo Named the 2012 Winner of the Gil Bennett Award
Toronto, March 6, 2012 – Reena Sagoo, Chief Financial Officer of Borealis Infrastructure, is the 2012 recipient of the Gil Bennett Gold Standard Award, presented by The Directors College, a joint venture of McMaster University and The Conference Board of Canada. The Directors College is Canada’s first university-accredited corporate director development program. The Gil Bennett Award is presented annually to the Chartered Director who best demonstrates dedication to raising the bar for professional standards in corporate governance.
“In her role as CFO, Reena exemplifies Borealis Infrastructure’s commitment to practicing strong corporate governance to encourage accountability, transparency and collaboration and to promote good decision-making that supports our businesses. Reena is a forward thinking role model who inspires and empowers others with her professional integrity, openness, strong work ethic and desire to help others develop their talents. She is an effective leader who recognizes the value each team member brings to the table,” said Michael Rolland, the President and CEO of Borealis.
Active asset management is a hallmark of Borealis Infrastructure’s investment style and strong corporate governance is critical to the effectiveness of this approach. Borealis believes that active asset management is the key to managing its portfolio of infrastructure assets to mitigate risk and maximize long term returns for its sponsor, the OMERS Pension Plan. Borealis holds board of director positions in each of its investments and, through participation at the board and through the diligent exercise of shareholder rights, Borealis actively monitors operational and financial performance of its investments and provides strategic oversight. All Borealis employees at the vice-president level and above are strongly encouraged to become Chartered Directors to develop and hone the skills and expertise required for long term investing. The presentation of the 2012 Gil Bennett Award to Reena Sagoo is a clear testament to Reena’s achievements and to the importance that Borealis places on corporate governance.
About Borealis Infrastructure
Borealis Infrastructure is the infrastructure investment arm of the OMERS Worldwide group of companies. OMERS is one of Canada's largest pension plans with approximately C$55 billion in net assets. Borealis ranks as one of the world’s largest and most respected infrastructure investors with a proven track record in identifying, investing and actively managing large-scale infrastructure investments, consistently outperforming its benchmark for each of the last seven years. The Borealis portfolio includes significant equity investments in Bruce Power (the largest privately held nuclear electricity generation facility in North America), Teranet (the 50 year monopoly provider of land registration services in Ontario), HS1 High Speed Rail (concessionaire of the only high speed rail network in the UK running from central London to the Channel Tunnel), Associated British Ports (the largest port system in the UK), Scotia Gas Networks (a gas distribution system in the UK) and Oncor Electric Delivery (the fifth largest electricity transmission and distribution system in the U.S.).
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