In the spirit of transparency and in the interest of keeping abreast of the issues of business across the province, the board continued its practice of hosting an annual reception for business. In 2006/07, the reception in Yarmouth drew more than 125 members from the local business community.
This past year, NSBI also welcomed a new board chair, Doug Hall. Mr. Hall, former vice-chair of NSBI’s board, began his term in January 2007 following the end of the term for F. Thomas Stanfield. Mr. Stanfield served as the board chair for NSBI from 2002 to 2007 and was honoured
for the work he has done and the dedication he has shown to the province throughout his appointment.
Including committee meetings, members of the board met more than 30 times in 2006/07 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
Doug Hall
Former Managing Director, RBC Dominion Securities, Halifax
Sheila A. Brown, Ph.D
Former President and
Vice-Chancellor, Mount Saint Vincent University, Halifax
Jim Eisenhauer
President, ABCO Group Limited, Lunenburg
Lawrence K. Evans, Q.C.
Partner, Evans MacIsaac MacMillan, Port Hawkesbury
James W. Gogan
Former President and CEO, Empire Co. Limited, Stellarton
David Arenburg
President, Adcor Group of Companies, Yarmouth
James Kehoe
President, Joneljim Group of Companies, Sydney
Paul Kent
Former COO, xwave, and Senior Vice President, Enterprise and Busi-ness Solutions, Aliant, Halifax
Jim MacConnell
Former President and CEO, Scotsburn Co-operative Services, Scots-burn
Bill Black
Former President and CEO,
Maritime Life, Halifax
Paul Taylor
Deputy Minister,
Department of Economic Development, Halifax
Nancy Tower
CFO, Emera Inc. & Nova Scotia Power Inc., Halifax
Stuart Rath
President and Director,
Stuco Holdings Ltd., Truro
Stephen Lund
President and CEO
Pat Ryan
Chief Operating Officer
and Vice President
Robert Daigle
Vice President
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 Evans. Members: James A. Kehoe, Nancy Tower.
The Human Resources Governance Committee ensures appropriate human resource-management policies are in place, managing the re-cruitment process for new board members, as well as developing and overseeing NSBI’s corporate governance principles.
Chair: Dr. Sheila Brown. Members: Paul Kent, David Arenburg.
The Investment Committee oversees NSBI’s investment framework and policies, monitors the performance of the corporation’s investment port-folio, and approves financial transactions to the full board for approval.
Chair: Jim Eisenhauer. Members: Jim Gogan, Jim MacConnell, Stuart Rath, Bill Black.