Meeting Summary

OAC Board – September 19, 2018

Reappointment of Independent Board Chair

On May 19, 2016, George Cooke was appointed to serve for a second term as the Chair of the Board of Directors of OMERS Administration Corporation with the term commencing January 1, 2017 and terminating on December 31, 2019.  This reappointment was the result of a process conducted jointly with the OMERS Sponsors Corporation and OAC in response to a recommendation from the 2012 Review of the OMERS Act conducted by Tony Dean.

At its August 17, 2018 meeting, the OAC Board approved a process for assessing the performance and establishing a process jointly with the SC Board to consider and, if appropriate, reappoint George Cooke as OAC Board Chair for a third term.

In accordance with that process, the two Boards conducted a Joint Working Group review process on September 17, 2018 followed by a unanimous recommendation to reappoint Mr. Cooke for a further term.  At its meeting held on September 19, 2018, the SC Board approved a resolution confirming George Cooke as the fifteenth member of the OAC Board to serve as the OAC Board Chair for a further three-year term commencing January 1, 2020 and terminating on December 31, 2022.

Based on the approval of the SC, the OAC Board approved the appointment of George Cooke as the Chair of the OAC Board for a term of three years effective January 1, 2020. The OAC Board also authorized and directed the Chair of the Governance Committee to communicate to the SC to confirm the support of the OAC Board to the reappointment of Mr. Cooke to serve as OAC Board Chair.