IIROC is entitled to nominate candidates for election to the Boards of Directors of FundSERV Inc. ("FundSERV"), the Canadian Investor Protection Fund ("CIPF"), CDS Clearing and Depository Services Inc. ("CDS") and the Ombudsman for Banking Services and Investments ("OBSI").
IIROC’s nominee is generally appointed for a term of up to three years, subject to re-appointment, provided that the term of the appointment is, in aggregate, not to exceed six years.
The IIROC Board of Directors appoints the nominees to the Boards of CIPF and OBSI, and the Dealer Directors of the Board appoint the nominees to the Boards of FundSERV and CDS, respectively.
CDS Clearing and Depository Services Inc.
Lloyd Costley (Raymond James Ltd.)
Canadian Investor Protection Fund
Martin McLachlan (Canaccord Genuity Corp.)
(Edward Jones, Canada)
Ombudsman for Banking Services and Investments
Scott Stennett (COO, Richardson GMP Limited