Gordon Thiessen, founding chair of the Canadian Public Accountability Board (CPAB) and former Governor of the Bank of Canada, and David Brown, chair of the council of governors of the CPAB as well as chair of the Ontario Securities Commission, announced Wednesday the names of the directors appointed to the board of CPAB. These appointments are for an initial term of three years.

The new directors are:

  • Raymond Bachand, managing partner and CEO of SECOR (Quebec)
  • Bob Bertram, executive vice president, Investments, Ontario Teachers Pension Plan Board (Ontario)
  • Brian Canfield, chairman, TELUS (British Columbia)
  • Wendy Dobson, director, The Institute for International Business, University of Toronto’s Joseph L. Rotman School of Management (Ontario)
  • Ron Gage, former chairman and CEO, Ernst & Young (Ontario)
  • Jacques Menard, chairman of BMO Nesbitt Burns and president of BMO Financial Group (Quebec)
  • Ted Newall, chairman of the board, Nova Chemicals Ltd. (Alberta)

Completing the board of 11 directors are the senior executives of thee provincial CA institutes:

  • Gérard Caron, president, CEO and secretary general of the Ordre des comptables agréés du Québec
  • Steve Glover, executive director, The Institute of Chartered Accountants of Alberta
  • Brian Hunt, president and CEO, The Institute of Chartered Accountants of Ontario



“I am very impressed with the quality of the individuals we have been able to attract to serve on the board. This highlights the interest and importance attached to this initiative in Canada,” said Thiessen. “The range of expertise and experience brought by the board members will be invaluable to the CPAB.”

The CPAB is a new independent organization established to oversee the auditors of public companies. Its mission is to contribute to public confidence in the integrity of financial reporting of Canadian public companies by promoting high quality, independent auditing.

The council of governors also includes the chair of the Canadian Securities Administrators, Douglas Hyndman; the chair of the Quebec Securities Commission, Pierre Godin; the federal Superintendent of Financial Institutions, Nicholas Le Pan; and the president and CEO of the Canadian Institute of Chartered Accountants, David Smith.