Public Directors
Steven Glover, MBA, FCPA, FCA
Corporate Director
(Canmore, Alberta)
Joined December 2014
Hugh McNabney, CPA (Retired)
Corporate Director
(Orillia, Ontario)
Joined December 2016
Christopher Nicholls, BA, LL.B.,
LL.M., MPA (Chair of the Board)
Professor of Business Law
Western University
(London, Ontario)
Joined December 2014
Les O’Brien, Q.C.
Former Chairman
Nova Scotia Securities Commission
(Halifax, Nova Scotia)
Joined December 2015
Barbara Shourounis, LL.B.
Former Director
Saskatchewan Financial Services Commission
(Regina, Saskatchewan)
Joined December 2015
Vince Valenti, MBA
President
Valenti Holdings Inc.
(Manotick, Ontario)
Joined December 2016
Industry Directors
Patricia Callon, LL.B., BA (Hons.)
(Vice-Chair of the Board)
Senior Vice-President & General Counsel
Sun Life Financial Canada
(Toronto, Ontario)
Joined December 2016
Katherine Dudtschak, MBA
Chair & CEO
Royal Mutual Funds Inc.
(Toronto, Ontario)
Joined December 2016
Sonny Goldstein, CFP
President
Goldstein Financial Investments Inc.
(Toronto, Ontario)
Joined December 2015
Mark Kinzel, BA
Vice-Chair
IG Wealth Management
(Winnipeg, Manitoba)
Joined December 2016
André Langolis, FCA, FCIA
President
Desjardins Financial Security Investments Inc.
(Montreal, Quebec)
Joined November 2019
Michael Stanley
President
Sterling Mutuals Inc.
(Windsor ,Ontario)
Joined November 2018
Mark T. Gordon, LL.B.
President & CEO
Mutual Fund Dealers Association of Canada
(Toronto, Ontario)
Compensation of Directors
The retainers and fees payable to Public Directors are as follows:
Annual Retainer for Public Directors | $15,000 |
Annual Retainer for Chair of the Board | $15,000 |
Additional Retainer – Chair of the Audit & Finance Committee | $6,000 |
Additional Retainer – Chair of the Governance Committee | $4,000 |
Additional Retainer – Chair of the Regulatory Issues Committee | $4,000 |
Attendance Fee – Board and Committee Meetings in excess of 2 hours | $1,500 |
Attendance Fee – Board and Committee Meetings less than 2 hours | $1,000 |
Out-of-town Public Directors who attend meetings in person receive a supplementary travel fee of $1,000 per meeting. The annual retainer for a Public Director who serves as Chair of the Board is set by the Board of Directors and is reviewed annually. Industry Directors are not compensated for their participation on the MFDA Board or its Committees, however, all Directors are reimbursed for related travel and out-of-pocket expenses.
Attendance of Directors
A total of 27 corporate meetings were held during FY2020 including one Annual General Meeting of Members. The following is a breakdown of attendance and total compensation for FY2020 for the Board of Directors.
Director | Board | Audit & Finance | Governance | Regulatory Issues | Term Expires | Total Compensation |
---|---|---|---|---|---|---|
Patricia Callon (2) | 8 of 8 | n/a | 11 of 11 | n/a | 2020 | n/a |
Katherine Dudtschak (3) | 8 of 8 | n/a | n/a | 3 of 4 | 2020 | n/a |
Susan Dujmovic (3) (stepped down November 28, 2019) | 2 of 2 | 1 of 3 | n/a | 2 of 2 | 2019 | n/a |
Steven Glover (1) | 8 of 8 | 3 of 3 | n/a | n/a | 2020 | $46,500 |
Sonny Goldstein (3) | 8 of 8 | n/a | n/a | 4 of 4 | 2021 | n/a |
Mark Gordon | 8 of 8 | 3 of 3 | 11 of 11 | 4 of 4 | n/a | n/a |
Mark Kinzel (3) | 8 of 8 | n/a | n/a | 3 of 4 | 2020 | n/a |
André Langolis (1)(3) (appointed November 28, 2019) | 6 of 6 | 2 of 3 | n/a | 2 of 2 | 2021 | n/a |
Hugh McNabney (1) | 8 of 8 | 3 of 3 | n/a | n/a | 2022 | $36,500 |
Christopher Nicholls (2)(3) | 8 of 8 | n/a | 11 of 11 | 4 of 4 | 2020 | $67,500 |
Les O’Brien (1)(2) | 8 of 8 | 3 of 3 | 4 of 4 | 3 of 3 | 2021 | $43,666 |
Barbara Shourounis (3) | 8 of 8 | n/a | n/a | 4 of 4 | 2021 | $36,833 |
Michael Stanley (1)(2) | 8 of 8 | 3 of 3 | 11 of 11 | n/a | 2020 | n/a |
Vince Valenti (2)(3) | 8 of 8 | n/a | 11 of 11 | n/a | 2022 | $50,000 |
- Member of Audit & Finance Committee
- Member of Governance Committee
- Member of Regulatory Issues Committee