Corporate Governance

 

 

 

 

 

Home » Corporate Governance

Thorough due diligence and adherence to rigorous corporate governance guide the action of NSBI’s private-sector board. Comprised of 13 respected business leaders from communities across Nova Scotia, the NSBI board provides guidance and governance for NSBI’s business activities.

Including committee meetings, members of the board met more than 40 times in 2007/08 to further the following:
  • Oversee the corporate governance framework
  • Review and approve quarterly and annual financial reports
  • Oversee the strategic planning process
  • Identify and monitor major risks facing the corporation
  • Monitor the integrity of the corporation’s internal control systems
  • Approve financial transactions within board limits

COMMITTEES

The Audit, Human Resources Governance and Investment Committees serve to assist the board in carrying out its responsibilities.

The Audit Committee oversees NSBI’s financial reporting, assesses its internal controls and risk environment, and reviews the report prepared by the corporation’s external auditor.

Chair: Lawrence K. (Larry) Evans, Q.C. Members: James A. Kehoe, Nancy Tower

The Human Resources Governance Committee ensures appropriate human resource management policies are in place, manages the recruitment process for new board members, as well as develops and oversees NSBI’s corporate governance principles.

Chair: Paul A. Kent Members: David Arenburg, Lois Dyer Mann

The Investment Committee oversees NSBI’s investment framework and policies, monitors the performance of the corporation’s investment portfolio, and recommends financial transactions outside its approval limit to the full board for approval.

Chair: J.D. (Jim) Eisenhauer Members: William A. Black, James M. MacConnell, Sean Murray, Stuart Rath


 

OFFICERS

Stephen Lund
President and CEO

Pat Ryan
Chief Operating Officer and Vice President

Lisa Bugden
Vice President

Robert Daigle
Vice President
 

MEMBERS

David Arenburg  
Adcor Group of Companies, President, Yarmouth
NSBI Board of Directors (appointed November 2006)
NSBI HR Governance Committee
Yarmouth Hospital Foundation Board of Directors
Yarmouth Rotary Club
SEASTAR Society of Nova Scotia, Director


William A. Black
Maritime Life, Former President and CEO, Halifax
NSBI, Board of Directors (appointed November 2006)
NSBI, Investment Committee
Symphony Nova Scotia Board of Directors
Dalhousie University Board of Directors
Canadian Center for Ethics in Public Affairs, Chair


J.D. (Jim) Eisenhauer
ABCO Group Limited, President, Lunenburg
NSBI Board of Directors (appointed January 2005)
NSBI Investment Committee, Chair
Atlantic Industries Board of Directors
Composites Atlantic Board of Directors
Lunenburg Waterfront Association, President


Lawrence K. (Larry) Evans, Q.C.
Evans MacIsaac MacMillan, Partner, Port Hawkesbury
NSBI Board of Directors (appointed November 2003)
NSBI Audit Committee, Chair
Port Hawkesbury Food Bank Society, Board Chair
Nova Scotia Barristers’ Society, Discipline Hearings Committee
Nova Scotia Barristers’ Society, Former President


Douglas G. Hall, Chair
RBC Dominion Securities, Former Managing Director, Halifax
NSBI Board of Directors (appointed November 2003)
Claymore Investments Advisory Board
Millar Western Forest Products Audit Committee and Compensation Committee, Chair
Southwest Properties Advisory Board


James A. Kehoe
Joneljim Group of Companies, President, Sydney
NSBI Board of Directors (appointed November 2006)
NSBI Audit Committee         
Cape Breton University Board of Governors
BCA Investments Co-op Board of Directors
YMCA Fundraising and Building Committee


Paul A. Kent
Cetas Advisory Inc., Principal, Halifax
NSBI Board of Directors (appointed July 2002)
NSBI HR Governance Committee, Chair
Saga Investments Board of Directors
Maritime Tidal Energy Corporation Board of Directors 
Symphony Nova Scotia Foundation Board of Trustees


James M. MacConnell
Scotsburn Co-operative Services Limited, Former President and CEO, Scotsburn
NSBI Board of Directors (appointed April 2005)
NSBI Investment Committee
Aberdeen Hospital Foundation Board of Directors, Chair
Royal Nova Scotia International Tattoo Board of Directors
Co-operators Group of Companies, Director


Lois Dyer Mann
Caldwell Partners, Former Partner, Halifax
NSBI Board of Directors (appointed December 2007)
NSBI HR Governance Committee
2011 Canada Winter Games Host Society, Director
Halifax Chamber of Commerce, Former Chair
IWK Health Centre Foundation, Former Trustee


Sean Murray
Advocate Printing and Publishing Company Limited, President and CEO, Pictou
NSBI Board of Directors (appointed June 2007)
NSBI Investment Committee
Canadian Printing Industries Association, Chair
The Canadian Community Newspaper Database Corporation (ComBase), Chair
Aberdeen Hospital Foundation Board of Directors


Stuart Rath
Stuco Holdings Limited, President and Director, Truro
NSBI Board of Directors (appointed March 2007)
NSBI Investment Committee
Truro Centre Limited, Vice President
Colchester Regional Development Agency Board of Directors
Erdene Gold Inc. Board of Directors


Paul Taylor
Department of Economic Development, Deputy Minister, Halifax
NSBI Board of Directors (appointed January 2004)
InNOVAcorp Board of Directors
Greater Halifax Partnership Board of Directors, Ex Officio Member
Canada/Nova Scotia Business Service Centre Board of Directors


Nancy Tower, Vice-Chair
Emera Inc., Chief Financial Officer, Halifax
NSBI Board of Directors (appointed October 2004)
NSBI Audit Committee
QEII Hospital Foundation Board of Trustees
CAA Maritimes Board Chair
Nova Scotia Institute of Chartered Accountants, Former President