The Board is composed of 15 directors including the President and CEO, with an even number of independent and non-independent Directors:
Five individuals representing Dealer Members;
Two individuals representing the Marketplace Members;
Seven independent Directors; and
The President and CEO.
TSX is entitled to nominate one of the Marketplace Directors as long as (a) he/she comes from a Marketplace and (b) TSX and Marketplaces associated or affiliated with TSX maintain collectively not less than a 40 per cent market share (as determined under the By-law). The other Marketplace Director will be a representative of a Marketplace other than one affiliated with TSX.
Directors serve for staggered two-year terms. All Directors other than the President are restricted to term limits of four consecutive terms.
IIROC’s 2010 Corporate Governance Review Report is located here.
To learn about the charter and code of conduct that govern the Board of Directors click here: Board of Directors’ Charter and Code of Conduct for Directors.
IIROC Members Approve Board of Directors and IIROC Board Appoints New Chair
IIROC’s Board of Director biographies: