One of the most important responsibilities of the SC is the appointment of directors to the OAC Board. An OMERS Administration Corporation (OAC) Director, Lloyd Komori, resigned his seat effective December 31, 2014 creating a vacancy on the OAC Board.
Having received a nomination from the affected sponsor organization, the Corporate Governance Committee (CGC) conducted an interview with the nominee, with the participation of the OAC Board Chair, George Cooke. The SC received a recommendation from the CGC to appoint the nominee and the SC approved the recommendation.
Penny Somerville will join the OAC effective immediately. When a vacant term is filled the appointee sits for the remainder of the affected term, in this case until December 31, 2016.