Committee Composition

For 2017, the OAC Board has five standing committees which assist the Board in discharging its responsibilities. The OAC Board also uses Sub-Committees from time to time to deal with special situations.

Audit & Actuarial Committee

The Audit & Actuarial Committee assists the OAC Board in fulfilling its oversight responsibilities for the:

  • integrity of the financial reporting process and financial statements;
  • funding risks and actuarial matters;
  • system of internal control and disclosures;
  • insurance risk management and fraud risk management;
  • Assurance & Advisory function;
  • external audit of the financial statements;
  • organization’s processes for monitoring compliance with policies, laws and regulations and the Code of Conduct & Ethics; and
  • whistleblower mechanism (Ethics Hotline) and special investigations.

Chair: Bill Butt
Members: Monty Baker, Paul Elliott, Laurie Hutchinson, Cliff Inskip, Charlene Mueller, Eugene Swimmer, George Cooke (ex oficio)

Governance Committee

The Governance Committee annually reviews the mandates of the OAC Board and its Committees. It has oversight of the OAC Board Orientation and Education Program. This includes approving and implementing regular performance assessments of the OAC Board, its Committees and individual Directors; recommending changes to the OAC Board’s processes to address effectiveness issues arising out of the assessments; assessing the competency requirements of the OAC Board and recommending skills and experience needs for the Board. The Governance Committee provides input to the OAC Board Chair in the process for determining leadership positions and the composition of the Board’s Committees. The Committee is also responsible for reviewing relevant policies relating to governance including external communications standards.

Chair: Jim Phillips
Members: Darcie Beggs, Michael Fenn, Penny Somerville, David Tsubouchi, George Cooke (ex officio)

Human Resources Committee

The purpose of the Human Resources Committee is to assist the OAC Board in meeting its fiduciary oversight and related obligations by:

  • attracting, retaining and motivating excellent leaders at the senior executive level who are committed to the OAC Mission Statement and Core Values;
  • overseeing a robust succession planning process for the position of CEO; and
  • overseeing senior executive performance, compensation and compensation policies.

Chair: Monty Baker
Members: Bill Aziz, David Beatty, Darcie Beggs, David Tsubouchi, George Cooke (ex officio)

Investment Committee

The purpose of the Investment Committee is to enable the Board of Directors of the OMERS Administration Corporation, through a Committee of the Board, to approve transactions which exceed limits delegated to Management and to consider and advise the OAC Board on investment policies and strategies.

Chair: Bill Aziz
Members: David Beatty, Bill Butt, Paul Elliott, Cliff Inskip, Penny Somerville, Eugene Swimmer, George Cooke (ex officio)

Technology Committee

The purpose of the Technology Committee is to assist the OAC Board in meeting its fiduciary and related obligations by providing oversight over:

  • the OMERS information technology plan and significant technology initiatives, including the LEAP Program and cyber security;
  • the business continuity program; and
  • related risks.

Chair: Michael Fenn
Members: Monty Baker, Laurie Hutchinson, Charlene Mueller, Jim Phillips, George Cooke (ex officio)

Appeals Committee

The purpose of the Appeals Committee is to assist the OAC Board in meeting its fiduciary oversight and related obligations by acting as the final internal appeals body for determinations by the President governing benefit entitlement under the OMERS Pension Plans. The OAC Board has delegated authority to adjudicate appeals to the Committee under By-law No. 4. The Committee also assists the OAC Board in maintaining a strong administrative law decision-making process by reviewing and making recommendations to the OAC Board on changes to the rules respecting practice and procedure before the Committee.

Chair: Eugene Swimmer
Members: Darcie Beggs, David Tsubouchi

Joint Council

This sub-committee was formed following the execution of the Framework Agreement with the SC in 2009 as a venue in which to address matters of importance to either party with respect to oversight and governance of the OMERS Pension Plans including the Framework Agreement.

Chair: George Cooke (Board Chair)
Member: Jim Phillips (Chair of Governance Committee)


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