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 J. Glynn
Chair

Joined January 30, 2014

 

PSP Committees

Investment and Risk Committee

 

Professional experience – Previous positions 

  • President and Chief Executive Officer of HSBC Bank USA

  • President and Chief Executive Officer of HSBC Bank Canada

 

Current Board memberships

  • Sun Life Financial Inc.

  • Husky Energy Inc.

  • SOI Group Limited

  • Advisor Balfour Pacific Capital Inc

Maryse Bertrand

Joined September 7, 2018

 

Committees

Investment and Risk Committee
Human Resources and Compensation Committee

 

Professional experience - Previous positions

  • Strategic Advisor and Special Counsel at Borden Ladner Gervais s.e.n.c.
  • Vice President, Real Estate Services, Legal Services and General-Counsel at CBC/Radio-Canada
  • Partner at Davies Ward Phillips and Vineberg s.e.n.c., srl

 

Current Board memberships

  • National Bank of Canada
  • Gildan Activewear Inc.
  • Metro Inc.
  • McGill University

 

Past Board memberships

  • Caisse de dépôt et placement du Québec
Micheline Bouchard

Joined September 29, 2011

 

Committees

Human Resources and Compensation Committee – Chair

Investment and Risk Committee

Governance Committee

 

Professional experience – Previous positions 

  • Global Corporate Vice President of Motorola, Inc.

  • President and Chief Executive Officer of Motorola, Inc. (Canada)

 

Current Board memberships

  • Canada Foundation for Innovation

 

Past Board memberships

  • Telus Corporation

  • Banque Nationale de Paris
  • Ford Motor Company of Canada
  • London Insurance Group Inc.
  • Harry Winston
David C. Court

Joined on October 30, 2018

 

Committees

Investment and Risk Committee
Audit Committee

 

Professional experience – previous positions

  • Global Director of Technology, Digitization and Communications, McKinsey & Company and member of the Global Operating Committe

 

Current Board memberships

  • Brookfield Business Partners
  • Canadian Tire Corporation 
  • Georgian Partners
  • National Geographic International Council of Advisors
  • Queen’s University’s Smith School of Business
Léon Courville

Joined March 5, 2007

 

Committees

Investment and Risk Committee

Governance Committee

Human Resources and Compensation Committee

 

Professional experience - Current position

  • Owner and President of Léon Courville vineyard, founded in 1999

 

Professional experience – Previous positions 

  • Associate Professor at the École des Hautes Études Commerciales (HEC) (business school affiliated with the Université de Montréal)

  • President of the National Bank of Canada

 

Current Board memberships

  • Institut de tourisme et d’hôtellerie du Québec

  • Institut économique de Montréal

  • Chairman of the Montréal Institute of Structured Finance and Derivative Instruments (IFSID)

 

Garnet Garven

Joined September 29, 2011

 

Committees

Governance Committee - Chair

Investment and Risk Committee

Audit Committee

 

Professional experience – Previous positions

  • Dean of Business Emeritus of Paul J. Hill School of Business and Kenneth Levene Graduate School of Business, University of Regina

  • Senior Fellow of Canada’s Public Policy Forum

  • Deputy Minister to the Premier, Secretary to Cabinet and Head of the Public Service of Government of Saskatchewan

  • Research Fellow of the National Centre for Management Research and Development, Richard Ivey School of Business, University of Western Ontario
  • Chief Executive Officer of Saskatchewan Workers’ Compensation Board

 

Current Board memberships

  • Organization for Economic Co-operation and Development (OECD) - Management Board - Pension Budget Reserve Fund (France)

  • Accounting Standards Board (Canada)

 

Past Board memberships

  • Saskatchewan Workers’ Compensation Board
  • Greystone Managed Investments (Canada)

  • Printwest Communications (Canada)

  • Information Engineering Inc. (USA)

Lynn Haight FCPA

Joined January 14, 2010

 

Committees

Investment and Risk Committee

Audit Committee

Governance Committee

 

Professional experience – Previous positions 

  • Chief Operating Officer and Chief Financial Officer of the Foresters International 

  • Vice President of US Fixed Annuities of Manulife Financial Corp

  • Chief Accountant of Manulife Financial Corp

 

Current Board memberships

  • United Nations High Commission for Refugees in Geneva

  • Green Shield Canada

  • Somerville College Foundation at University of Oxford, UK

  • Consultative Group of International Agricultural Research Centers in Washington

 

Past Board memberships

  • Consultative Group of International Agricultural Research Center in Washington
  • Ontario Arts Council
  • Forester Holdings Europe
  • Tafelmusik Baroque Orchestra
  • World Agroforestry Centre in Nairobi
  • Sectoral Advisory Group to the Canadian Minister of Natural Trade
Timothy E. Hodgson

CPA, CA

Joined December 17, 2013

 

Committees

Investment and Risk Committee – Chair

Human Resources and Compensation Committee

 

Professional experience - Current position

  • Managing Partner of Alignvest Management Corporation

 

Professional experience – Previous positions

  • Special Advisor to the Governor Mark Carney of Bank of Canada

  • Chief Executive Officer of Goldman Sachs Canada, Inc.

 

Current Board memberships

  • Hydro One

  • MEG Energy

  • Alignvest Acquisition II Corporation

  • Next Canada

 

Past Board memberships

  • The Global Risk Institute

  • KGS-Alpha Capital Markets

  • Bridgepoint Health

  • The Richard Ivey School of Business

 

Miranda C. Hubbs

Joined August 15, 2017

 

Committees

Investment and Risk Committee

Human Resources and Compensation Committee

 

Professional experience – Previous positions 

  • Executive Vice President and Managing Director of McLean Budden Limited

  • Energy Research Analyst and Investment Banker of Gordon Capital Corporation

 

Current Board memberships

  • Imperial Oil Board
  • Nutrien Ltd.

  • Canadian Stem Cell Foundation

 

Past Board memberships

  • Agrium

  • Spectra Energy Corp

  • Canadian Red Cross Tiffany Circle – Women Leading Through Philanthropy

Katherine Lee

CPA, CA

 

Joined June 25, 2018

 

Committees

Investment and Risk Committee
Audit Committee

 

Professional experience – Previous positions 

  • President and Chief Executive Officer of GE Capital Canada
  • Chief Executive Officer of GE Capital Real Estate in Canada
  • Chief Executive Officer of 3 Angels Holdings Limited

 

Current Board memberships

  • BCE
  • Colliers International Group
William A. MacKinnon FCPA

Joined January 14, 2010

 

Committees

Audit Committee – Chair

Investment and Risk Committee

 

Professional experience

  • Partner of KPMG LLP Canada

  • Chief Executive Officer of KPMG LLP Canada

 

Current Board memberships

  • TELUS Corporation

  • Chair of Toronto Foundation

  • Roy Thomson Hall

 

Past Board memberships

  • KPMG International

 

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.

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.

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.

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.

Download our terms of reference
Date: Nov. 8, 2016
Size: 142.7 KB
Téléchargement Document
Terms of reference for the Chairperson
Date: Nov. 13, 2015
Size: 126.7 KB
Date: Nov. 13, 2015
Size: 121.8 KB
Date: Nov. 13, 2015
Size: 125.8 KB
Date: Nov. 13, 2015
Size: 127.3 KB
Téléchargement Document
Terms of reference for the Audit Committee
Date: Nov. 13, 2015
Size: 143.7 KB
Date: Nov. 13, 2015
Size: 132.9 KB

Understand our governance

Read the details

Meet our Senior Management

View our Executive team