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

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.

  • StAAR Limited

  • Balfour Pacific Capital Inc.

Maryse Bertrand

Joined September 7, 2018

 

Committees

Governance Committee - Chair
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
David C. Court

Joined on October 30, 2018

 

Committees

Investment and Risk Committee

Governance Committee

Human Resources and Compensation Committee

 

Professional experience – previous positions

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

 

Current Board memberships

  • Brookfield Business Partners
  • Canadian Tire Corporation 
  • Georgian Partners
  • National Geographic's International Council of Advisors
  • Smith Business School at Queen's University
Garnet Garven

Joined September 29, 2011

 

Committees

Audit Committee - Chair
Investment and Risk 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)

  • Western Surety Company

 

Past Board memberships

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

  • Printwest Communications (Canada)

  • Information Engineering Inc. (USA)

  • Accounting Standards Board (Canada)

M. Marianne Harris

Joined December 18, 2020

 

Committees

Investment and Risk Committee

Audit Committee

 

Professional experience – Previous positions

  • Head of the Financial Institutions Group, Americas of Bank of America Merrill Lynch
  • President Corporate and Investment Banking of Merrill Lynch Canada
  • Managing Director and Head of the Financial Institutions Group of Merrill Lynch Canada
  • Head of the Financial Institutions Group of RBC Capital Markets.

 

Current Board memberships

  • Sun Life Financial Inc.
  • Loblaw Companies Limited
  • President’s Choice Bank
Timothy E. Hodgson

FCPA, CA

 

Joined December 17, 2013

 

Committees

Investment and Risk Committee – Chair

Human Resources and Compensation Committee

 

Professional experience – Previous positions

  • Managing Partner of Alignvest Management Corporation

  • Special Advisor to Governor Mark Carney of Bank of Canada

  • Chief Executive Officer of Goldman Sachs Canada, Inc.

 

Current Board memberships

  • Hydro One

  • Sagicor Financial Company Ltd.

 

Past Board memberships

  • MEG Energy Corporation

  • The Global Risk Institute

  • KGS-Alpha Capital Markets

  • Bridgepoint Health

  • The Richard Ivey School of Business

  • Next Canada

 

Miranda C. Hubbs

Joined August 15, 2017

 

Committees

Human Resources and Compensation Committee – Chair
Investment and Risk Committee

Governance 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
  • Nutrien Ltd.

  • Canadian Red Cross

 

Past Board memberships

  • Agrium Inc.

  • Spectra Energy Corp.

Susan Kudzman

Joined December 18, 2020

 

Committees

Investment and Risk Committee

Human Resources and Compensation Committee

 

Professional experience – Previous positions 

  • Executive Vice-President, Chief Risk Officer and Corporate Affairs of Laurentian Bank of Canada 

  • Executive Vice-President and Chief Risk Officer of Caisse de dépôt et placement du Québec 

 

Current Board memberships 

  • Yellow Pages Limited 

  • Medavie 

  • Transat A.T. Inc 

  • Financeit 

  • Festival du Nouveau Cinéma

  • Institute of Corporate Directors

Katherine Lee

CPA, CA

 

Joined June 25, 2018

 

Committees

Investment and Risk Committee
Audit Committee

Governance 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 Inc.
  • Colliers International Group
William A. MacKinnon

FCPA

 

Joined January 14, 2010

 

Committees

Audit Committee

Investment and Risk Committee

 

Professional experience

  • Partner of KPMG LLP Canada

  • Chief Executive Officer of KPMG LLP Canada

 

Current Board memberships

  • Chair of Toronto Foundation

  • Roy Thomson Hall

 

Past Board memberships

  • KPMG International
  • TELUS Corporation

 

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.

Download our terms of reference
Date: Nov. 10, 2020
Size: 498.1 KB
Téléchargement Document
Terms of reference for the Chairperson
Date: May 21, 2020
Size: 26.0 KB
Date: May 21, 2020
Size: 23.2 KB
Date: May 21, 2020
Size: 105.3 KB
Date: May 21, 2020
Size: 26.1 KB
Téléchargement Document
Terms of reference for the Audit Committee
Date: May 21, 2020
Size: 34.3 KB
Date: July 10, 2020
Size: 529.9 KB

Understand our governance

Read the details

Meet our Senior Management

View our Executive team