Board of Directors

Board of Directors

Members of the governing body

Ensuring good governance

Our operations and activities are overseen by a Board of Directors composed of 11 members. It determines the organization's strategic direction and is responsible for the selection, appointment, performance, evaluation and compensation of the President and CEO, who reports to the Board of Directors.

Photo of windows with metal grating
MARTIN GLYNN
Chair of the Board

Board member since January 30, 2014

 

Committee Membership

Investment and Risk Committee

 

Martin Glynn is a board member of one public company: Sun Life Financial Inc. He also serves as a board member of St Andrews Applied Research Limited (StAAR Limited) and is a member of the advisory board of Balfour Pacific Capital Inc. Until his retirement in 2006, Mr. Glynn held progressively senior positions with HSBC, including President and CEO of HSBC Bank Canada from 1999 to 2003, and President and CEO of HSBC Bank USA from 2003 to 2006. He remains active in professional and community circles. From 2009 to 2010, he was the Jarislowsky Fellow in Business Management at the Haskayne School of Business, University of Calgary. Mr. Glynn holds a BA Honours (Economics) from Carleton University and an MBA (Finance and International Business) from the University of British Columbia.

MARYSE BERTRAND

Board member since

September 7, 2018

 

Committee Membership

Human Resources and Compensation Committee (Chair)

Governance Committee

Investment and Risk Committee

 

Maryse Bertrand serves as a board member of National Bank of Canada, Gildan Activewear Inc. and Metro Inc. She is also the Chair of the board of directors of the Institute of Corporate Directors (ICD) (Québec Chapter) and Vice-Chair of the Board of McGill University. She is a former director of the Caisse de dépôt et placement du Québec. From 2016 to 2017, she was Strategic Advisor and Counsel at Borden Ladner Gervais LLP, and prior to that she was Vice-President, Real Estate Services, Legal Services and General Counsel at CBC/Radio-Canada, where she also chaired the National Crisis Management Committee, and sat on the board of directors of ARTV, a specialty channel. Prior to 2009, she was a partner at Davies Ward Phillips and Vineberg LLP, where she specialized in mergers and acquisitions and corporate finance, and served on the firm’s national management committee. She was named Advocatus emeritus (Ad. E.) in 2007 by the Québec Bar in recognition of her exceptional contributions to the legal profession. Ms. Bertrand has a law degree (with high distinction) from McGill University and a Master in Risk Management from New York University, Stern School of Business.

DAVID C. COURT

Board member since

October 30, 2018

 

Committee Membership

Audit Committee

Governance Committee

Investment and Risk Committee

 

David C. Court is a Director Emeritus at McKinsey & Company. Mr. Court was previously McKinsey’s Global Director of Technology, Digitization and Communications, led McKinsey’s global practice in harnessing digital data and advanced analytics from 2011 to 2015, and was a member of the firm’s board of directors and its global operating committee. Mr. Court is a director of Brookfield Business Partners, Canadian Tire Corporation, National Geographic’s International Council of Advisors and the Board of Trustees at Queen’s University. He also chairs the advisory board of Georgian Partners, a venture capital firm specializing in analytics and artificial intelligence. Mr. Court holds a BCom from Queen’s University and an MBA from Harvard Business School where he was a Baker Scholar.

M. MARIANNE HARRIS

Board member since

December 18, 2020

 

Committee Membership

Audit Committee

Governance Committee (Chair)

Investment and Risk Committee

 

M. Marianne Harris is a member of the board of directors of Sun Life Financial Inc., Loblaw Companies Limited and President’s Choice Bank. She was previously a member of the board of directors of Hydro One Limited and Agrium Inc., and Chair of the Investment Industry Regulatory Organization of Canada (IIROC). In the non-profit sector, she is a member of the Investment Committee for the Princess Margaret Cancer Centre, a Director of the Dean’s Advisory Council for the Schulich School of Business and a Director of the Advisory Council for the Hennick Centre for Business and Law. She has over three decades of investment banking, leadership and management experience in Canada and the United States acquired primarily at Merrill Lynch and RBC Capital Markets. Ms. Harris has an MBA from the Schulich School of Business, a Juris Doctor from Osgoode Hall and a Bachelor of Science (Honours) from Queens University.

TIMOTHY E. HODGSON

Board member since

December 17, 2013

 

Committee Membership

Human Resources and Compensation Committee

Investment and Risk Committee

 

Timothy E. Hodgson is Chair of the Board of Hydro One and of Sagicor Financial Company Ltd and serves on the board of Sagicor Group Jamaica and of Dialogue Health Technologies Inc. He is a former Managing Partner of Alignvest Management Corporation and was Special Advisor to Bank of Canada Governor Mark Carney from 2010 to 2012. Mr. Hodgson spent much of his early career with Goldman Sachs Group, Inc. and served as CEO at Goldman Sachs Canada, Inc. from 2005 to 2010. He previously served on the boards of MEG Energy Corporation, the Global Risk Institute, KGS-Alpha Capital Markets, Bridgepoint Health, Richard Ivey School of Business and NEXT Canada. Mr. Hodgson holds an MBA from Ivey Business School, and a BCom from the University of Manitoba. Mr. Hodgson obtained his CPA, CA designation in 1986 and has been named a Fellow of the Chartered Professional Accountants of Canada. He is also a member of the Institute of Corporate Directors.

MIRANDA C. HUBBS

Board member since

August 15, 2017

 

Committee Membership

Human Resources and Compensation Committee

Investment and Risk Committee (Chair)

 

Miranda C. Hubbs is currently a director of Nutrien Ltd. and Imperial Oil, and Vice-Chair of the Canadian Red Cross. She previously served on the boards of Agrium Inc. and Spectra Energy Corp. She is a founding member and national co-chair of the Canadian Red Cross Tiffany Circle-Women Leading Through Philanthropy, and serves on the Advisory Board of the Toronto Biennial of Art, the ICD Climate Strategy Advisory Board, and the Global Risk Institute Sustainable Finance Advisory Committee. Prior to her retirement in 2011, Ms. Hubbs was Executive Vice President and Managing Director of McLean Budden Limited, one of Canada’s largest institutional asset managers. She also worked as an energy research analyst and investment banker with Gordon Capital Corporation, a large Canadian brokerage firm. Ms. Hubbs holds a BSc from Western University and an MBA from Schulich School of Business at York University. She is a CFA charter holder and a National Association of Corporate Directors Governance Fellow, a Sustainability Accounting Standards Board FSA Credential Holder, and holds the CERT Certificate in Cybersecurity Oversight issued by the CERT division of the Software Engineering Institute at Carnegie Mellon University.

SUSAN KUDZMAN

Board member since

December 18, 2020

 

Committee Membership

Human Resources and Compensation Committee

Governance Committee

Investment and Risk Committee

 

Susan Kudzman has recently retired as Executive Vice-President, Chief Risk Officer and Corporate Affairs at Laurentian Bank of Canada. She previously held the position of Executive Vice-President and Chief Risk Officer at Caisse de dépôt et placement du Québec. Ms. Kudzman is Chair of the Board of Yellow Pages Limited, and also serves on the boards of Medavie, Transat A.T. Inc, Financeit and Nomad Royalty Company. She is involved in many community and philanthropic activities. Ms. Kudzman holds a Bachelor’s degree in Actuarial Science and the titles of Fellow of the Canadian Institute of Actuaries (FCIA), Fellow of the Society of Actuaries (FSA) and Chartered Enterprise Risk Analyst (CERA).

KATHERINE LEE

Board member since

June 25, 2018

 

Committee Membership

Audit Committee (Chair)

Governance Committee

Investment and Risk Committee

 

Katherine Lee is currently a Corporate Director of BCE Inc. and Colliers International Group. She was the President and CEO of GE Capital Canada. Prior to this role, Ms. Lee served as CEO of GE Capital Real Estate in Canada from 2002 to 2010, building it to a full debt and equity operating company. Ms. Lee joined GE in 1994, where she held a number of positions, including Director, Mergers & Acquisitions for GE Capital’s pension fund advisory services based in San Francisco, and Managing Director of GE Capital Real Estate Korea based in Seoul and Tokyo. She is active in the community, championing women’s networks and Asia-Pacific forums. Ms. Lee earned a BCom degree from the University of Toronto. She is a a CPA and CA.

GREGORY CHRISPIN

Board member since

March 4, 2022

 

Committee Membership

Investment and Risk Committee

Human Resources and Compensation Committee

 

Gregory Chrispin recently retired from the Desjardins Group, where he held the position of Executive Vice President, Wealth Management and Life and Health Insurance. In this capacity, he was responsible for the activities of Desjardins Securities, Desjardins Investments, Desjardins Global Asset Management, Desjardins Trust and Desjardins Financial Security. Prior to that, he was President and Managing Director of the Canadian subsidiary of State Street Global Advisors. Mr. Chrispin is currently serving on the board of Addenda Capital, a privately-owned institutional investment management firm. He remains active in the investment industry and the community, serving on different committees with several organizations. He previously served on the board of the Canadian Life and Health Insurance Association and was Vice-Chair of Aviso Wealth, a leading investment management service provider. He is a member of the governance committee of the YMCAs of Québec’s Alternative Suspension Social Impact Bond (SIB), Canada’s first national community safety SIB. Mr. Chrispin holds a bachelor’s degree in Mathematics (Actuarial Science) from Université de Montréal, and is a Chartered Financial Analyst and an Institute Certified Director of the Institute of Corporate Directors.

HELEN MALLOVY HICKS

Board member since

March 4, 2022

 

Committee Membership

Audit Committee

Investment and Risk Committee

 

Helen Mallovy Hicks is a member of the board of directors of Northland Power and Sun Life Financial. In the not-for-profit sector, she serves on the Board of Directors of the Princess Margaret Cancer Foundation where she chairs the Finance, Audit and Risk committees. Ms. Mallovy Hicks is a former member of the Canadian Partnership Board of PricewaterhouseCoopers, the Board of Trustees of the Toronto Symphony Foundation and the Board of Directors of the Toronto Symphony Orchestra. She is a former partner of PwC Canada, with global transaction and advisory experience and executive roles up to PwC Global Valuation Business Line Leader (2016 to 2021). She holds a Bachelor of Commerce from the University of Toronto, and obtained her CPA, CA designation in 1985 and her Chartered Business Valuator designation in 1991. She was subsequently named a Fellow of the Chartered Professional Accountants of Canada and a Fellow of the Canadian Institute of Chartered Business Valuators.

MAURICE TULLOCH

Board member since

March 4, 2022

 

Committee Membership

Investment and Risk Committee

Audit Committee

 

Maurice Tulloch serves as a member of the board of directors of Porch Group. Until his retirement in 2020, he held progressively senior positions at Aviva, a leading multinational insurance company, including Group CEO. He joined the Board of Aviva in 2017, while serving as CEO, International. Additionally, he held many senior executive leadership roles, including that of CEO, Aviva Canada, and Chairman, General Insurance. Mr. Tulloch has served on several external boards including as Chair of the Property and Casualty Insurance Compensation Corporation, and Chair of ClimateWise. He has an MBA from Heriot-Watt University, and has been a Chartered Professional Accountant and Certified Management Accountant since 1998.

Board of Director positions - For information on how to apply and eligibility criteria to serve on PSP Investments’ Board of Directors, please review the Board’s Appointment Opportunities.  

About our Board of Directors

The Board adopts, amends and repeals bylaws governing the conduct and management of PSP Investments' business and affairs and prescribes the duties and responsibilities for all facets of the administration and operations of PSP Investments. It is also responsible for the selection, appointment, performance evaluation and compensation of the President and CEO, who reports to the Board of Directors.

 

The terms of reference provide a detailed account of the duties and responsibilities of the Board. These are reviewed on a regular basis.

The Governance Committee has a formal process to evaluate the performance of the Chair of the Board, the Chairs of Board committees, individual members and the Board as a whole.

 

Every member of the Board, as well as the President and CEO and certain members of senior management, participate in the evaluation process.

 

The Chair of the Governance Committee presents the results of the evaluation to the Board of Directors. Ensuing Board discussions focus on concerns and opportunities for improvement, following which any measures deemed necessary are implemented.

Board members are appointed by the Governor in Council on the recommendation of the President of the Treasury Board, for a term not exceeding four years.

 

Candidates are selected from a list of qualified Canadian residents proposed by an external nominating committee established by the President of the Treasury Board (the “Nominating Committee”) pursuant to the Public Sector Pension Investment Board Act.

 

The Chair of the Board is designated by the Governor in Council on the recommendation of the President of the Treasury Board, after consultation with the Board of Directors, the Minister of National Defence and the Minister of Public Safety.

 

Board of Director positions

For information on how to apply and eligibility criteria to serve on PSP Investments’ Board of Directors, please review the Board’s Appointment Opportunities.

The Investment and Risk Committee is responsible for overseeing the investment management function of PSP Investments.

 

The Audit Committee’s role is generally to review financial statements and the adequacy and effectiveness of PSP Investments’ system of internal controls. This includes internal controls over the accounting and financial reporting systems within PSP Investments, as well as internal information system controls and security. All Audit Committee members are required to be financially literate in order to ensure that they can read and understand PSP Investments’ financial statements and properly fulfill their role.

 

The Governance Committee’s role is generally to assist the Board of Directors in monitoring governance matters at PSP Investments and developing related policies. The Governance Committee has responsibility for the application of the Code of Conduct for Directors and the Code of Conduct for Officers, Employees and Others.

 

The Human Resources and Compensation Committee (HRCC) assists the Board of Directors in ensuring that the necessary policies and procedures are in place to efficiently and effectively manage PSP Investments’ human resources and to offer all employees fair and competitive compensation aligned with performance.

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