CMHC’s board of directors and committees

Audit Committee

Mandate

The Audit Committee helps the Board of Directors fulfill its oversight responsibilities, including financial reporting, audit processes and internal controls.

Members

• Rita Virk (Chair)
• Nick Leswick
• Darlene Hyde
• Chris Sicotte
• Laurie LeBlanc
• Gordon Laing

Corporate Governance and Human Resources Committee

The Corporate Governance and Human Resources Committee helps the Board of Directors fulfill its oversight responsibilities to corporate governance structures, succession planning and Board renewal. It also helps with the effective implementation and application of sound human resources practices.

Members

• Darlene Hyde (Chair)
• Don Iveson
• Gordon Laing
• Laurie LeBlanc
• Chris Sicotte

Risk and Resilience Committee

The Risk and Resilience Committee helps the Board of Directors fulfill its oversight responsibilities with respect to the identification and management of the corporation’s principal risks.

Members

• André Hébert (Chair)
• Nick Leswick
• Don Iveson
• Heather Tremain
• Ray Williams
• Rita Virk

Executive Committee (Board)

The Executive Committee acts on behalf of the full Board of Directors, addressing significant and time-sensitive issues that arise between meetings, where the Board cannot convene and meet the required quorum.

Members

• Don Iveson (Chair)
• Gordon Laing
• Coleen Volk
• Laurie LeBlanc
• André Hébert
• Darlene Hyde

Pension Fund Trustees

The Pension Fund Trustees helps the Board of Directors fulfill its responsibilities for the governance and administration of CMHC’s Pension Fund.

Members

• Ray Williams (Chair)
• Coleen Volk — President and CEO
• Andre Charbonneau — Deputy Chief Financial Officer
• Mark McInnis — Pensioner Trustee
• Brett Dietrich  — Vice-President, Enterprise Risk and Operational Resiliency
• David Muriella — Employee Trustee
• Carlos Mandujano — Employee Trustee
• Michel Tremblay — CFO & Senior Vice-President, Corporate Services

CMHC’s mandate, as defined in the National Housing Act, is to: “promote housing affordability and choice, to facilitate access to, and competition and efficiency in the provision of, housing finance, to protect the availability of adequate funding for housing at low cost, and generally contribute to the well-being of the housing sector in the national economy.”

The statutory objectives for CMHC’s commercial operations are specified in the National Housing Act as follows:

• to promote the efficient functioning and competitiveness of the housing finance market
• to promote and contribute to the stability of the financial system, including the housing market
• to have due regard to the Corporation’s exposure to loss

The Board is made up of 12 members. They include:

• the chair of the board
• the president and chief executive officer
• the deputy minister of the minister for CMHC
• the deputy minister of finance
• eight independent directors