SARAH A. MORGAN-SILVESTER, O.B.C.
Board/Committee Membership (1)
Attendance (100% Overall)
Board of Directors (Chair)
11 of 11
Vancouver, British Columbia, Canada Age: 64 Director Since: 2014 Independent
Audit Committee GCR Committee HR Committee Risk Committee
6 of 6 6 of 6 6 of 6 7 of 7
Total
36 of 36
Results of 2023 vote: 98.2% for
Ms. Morgan-Silvester is a Corporate Director. She has a background in financial services and was previously EVP, Personal Financial Services and Wealth Management of HSBC Bank Canada, and President and CEO of HSBC Trust Company (Canada). She currently serves on a number of boards including as Board Chair of Grosvenor Americas Partners. She served in the past as Chancellor of the University of British Columbia, Chair of Vancouver Fraser Port Authority, Chair of BC Women’s Hospital and Health Centre Foundation, and as director of private companies and other organizations. Ms. Morgan-Silvester received a Bachelor of Commerce (Hons) from the University of British Columbia and is a Fellow of the Institute of Canadian Bankers. She also holds a Human Resources and Compensation Committee designation from the Directors College. Ms. Morgan-Silvester has been appointed to the Order of British Columbia and is the recipient of multiple awards including the Queen Elizabeth II Diamond Jubilee Medal, Association of Women in Finance Lifetime Achievement Award, Influential Women in Business Lifetime Achievement Award, and WXN’s Canada’s Most Powerful Women: Top 100 award.
Other Public Company Directorships During the Last Five Years
Role on Current Other Boards and Committees
British Columbia Ferry Services Inc. (2016 – Present) (2)
Audit and Finance Committee Capital Projects Committee
NAV CANADA (2023 – Present) (2)
Audit & Finance Committee Governance Committee (Chair) Human Resources & Compensation Committee Pension Committee
Equity Ownership
Common Shares
Total Common Shares and DSUs
Total Value of Common Shares and DSUs ($)
Total Amount at Risk as a Multiple of Equity Requirement
Total Amount at Risk as a Multiple of Annual Retainer (3)
Year
DSUs
2024
11,650
43,724
55,374
1,660,666
1.7
4.5
2023
11,650
35,267
46,917
1,319,306
2.3
3.8
(1) As Chair of the Board, Ms. Morgan-Silvester serves as a member of all Board committees. (2) Reporting issuer but not listed on a stock exchange. (3) Directors receive an Annual Retainer of $190,000. As Chair of the Board, Ms. Morgan-Silvester receives an Annual Retainer of $365,000, as further outlined on page 14.
MARGARET J. MULLIGAN, FCPA, FCA
Board/Committee Membership
Attendance (83% Overall)
9 of 11 (1) 5 of 6 (1) 6 of 7 (1) 20 of 24
Board of Directors Audit Committee
Oakville, Ontario, Canada Age: 65 Director Since: 2017 Independent
Risk Committee
Total
Results of 2023 vote: 97.7% for
Ms. Mulligan is a Corporate Director. She was previously the EVP and CFO of Valeant Pharmaceuticals International Inc. (formerly Biovail Corporation), EVP, CFO and Treasurer of Linamar Corporation, and the EVP, Systems and Operations of Bank of Nova Scotia. She is also a past Governor of the University of Waterloo and Trustee of the Ontario Science Centre. Ms. Mulligan is a Chartered Professional Accountant. She received a Bachelor of Mathematics (Hons) from the University of Waterloo and is a Fellow of the Chartered Professional Accountants of Ontario. Ms. Mulligan is a financial expert on the Audit Committee.
Other Public Company Directorships During the Last Five Years
Role on Current Other Boards and Committees
New Gold Inc. (2018 – Present)
Audit Committee Human Resources and Compensation Committee (Chair)
Ontario Power Generation Inc. (2005 – 2019)
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Equity Ownership
Common Shares
Total Common Shares and DSUs
Total Value of Common Shares and DSUs ($)
Total Amount at Risk as a Multiple of Equity Requirement
Total Amount at Risk as a Multiple of Annual Retainer
Year
DSUs
2024
9,000
41,704
50,704
1,520,613
2.3
8.0
2023 6.7 (1) Ms. Mulligan was absent from two special meetings of the Board, one special meeting of the Audit Committee and one special meeting of the Risk Committee. Special meetings are generally held on short notice. 9,000 32,897 41,897 1,178,144 2.1
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