Management and governance

CCC’s mandate is defined in the Canadian Commercial Corporation Act and we report to Parliament through the Minister of International Trade Diversification.

As a Crown corporation, and according to the Financial Administration Act, CCC must submit an annual Corporate Plan to the Minister.  CCC’s Corporate Plan outlines objectives and performance measures for the fiscal year.  CCC’s work is further guided by the Minister’s direction through letters outlining CCC’s Statement of Priorities and Accountabilities.

CCC adheres to all guidelines and regulations concerning the management and governance of Crown corporations set by the Treasury Board of Canada Secretariat.  As such, each year we submit an Annual Report to demonstrate our performance against our Corporate Plan as well as to report on our operating budget.  Like all Crown corporations, CCC is subject to annual audits (included as part of our Annual Plan) and special examinations by the Office of the Auditor General of Canada.


Board of directors

CCC is governed by a Board of Directors whose representatives come primarily from the private sector. The Board’s responsibility is to supervise the direction and management of CCC and oversee its strategic direction as outlined in the Corporate Plan. Board members are appointed by the Government of Canada, and report to Parliament through the Minister of International Trade.


Douglas Harrison

Douglas Harrison is an experienced Corporate Director within a broad range of business sectors. In addition to his Director roles he provides coaching and various business advisory services.

Doug currently serves on the Boards of Superior Plus Corp (TSX:SPB), the (Ontario) Technical Standards and Safety Authority (TSSA), and is Chair of the Board of Directors of the Canadian Commercial Corporation, a Canadian Federal Crown Corporation, which supports Canadian Exporters. In the past, he served on the Boards of; The Conference Board of Canada, Hamilton Utilities Corporation, Horizon Utilities, Mohawk College and was Chair of the Board of Directors at Livingston International.

Doug was previously President and CEO of a number of companies most recently at VersaCold Logistics Services, Canada’s largest supplier of temperature sensitive supply chain and logistics services. Previously he served as Chief Operating Officer of Day & Ross Transportation Group (a subsidiary of McCain Foods); President of Acklands-Grainger, Canada’s leading industrial and safety supply company; and Vice President and Managing Director for Ryder Integrated Logistics, where he oversaw Ryder’s business units in Canada and Europe.

Doug has been recognized as one of Canada’s Top 40 Under 40 leaders and was honoured by the Canadian Institute of Traffic and Transportation with its Award of Excellence. He is also a recipient of the National Transportation Award of Achievement and is an Alumni of Distinction from Mohawk College. Doug was also recognized with a Fellowship of the Supply Chain Management Association, one of Canadas top supply chain Fellowships. Doug is well recognized as one of Canada’s leaders in supply chain.

With an MBA from Heriot-Watt University (Scotland), Doug is also a Graduate of the Canadian Institute of Traffic and Transportation (CCLP) and holds a number of other transportation and logistics designations. He has been awarded the ICD.D designation from the Institute of Corporate Directors and is a graduate of the Chartered Professional Accountant Program and holds his CPA Designation as a Professional Accountant.


Daniela Bassan

Partner and Trade-Mark Agent
Stewart McKelvey, Barristers & Solicitors

Ms. Daniela Bassan is a litigation partner and trade-mark agent (Canada) at Stewart McKelvey, Barristers & Solicitors, a full-service law firm with offices throughout Atlantic Canada. Ms. Bassan works with clients in a variety of business disputes, including intellectual property disputes, cross-border proceedings, construction claims, and technology-based actions. She is also certified as a legal project manager. Prior to joining Stewart McKelvey, Ms. Bassan worked as a litigation associate at a large firm in Toronto, ON, where she practiced corporate commercial litigation at trial and appellate levels. During her training, she was a law clerk at the Supreme Court of Canada and research assistant at both Osgoode Hall Law School and Harvard Law School. During her career, she has been invited to sit on legal advisory boards for organizations in Canada and the United States, as well as participating in law reform initiatives in Canada and Europe. Ms. Bassan was appointed to CCC’s Board of Directors on December 17, 2013.


Dyanne Carenza

Vice President, Trade Finance
Scotiabank

Ms. Dyanne Carenza is Vice-President, Trade Finance at Scotiabank, where she is responsible for building and promoting global traditional trade and supply chain finance businesses. She is a multi-lingual, high energy, enterprise solutions leader with a proven record of accomplishment for building relationships and leading high performance teams. Ms. Carenza’s experience in the banking sector includes transaction banking, lending, product management, and strategy creation. She is passionate about trade and in helping businesses realize their success in international markets. Ms. Carenza is sought after as a speaker for conferences and industry meetings sponsored by organizations such as: Association of Financial Professionals of Canada, BAFT, Manufacturers & Exporters Association and the Montreal Chamber of Commerce. Born and raised in Montreal, Ms. Carenza graduated from McGill University with a major in Economics and successfully completed programs at Queen’s University and the Richard Ivey School of Business.


Martin Gagné

President, Martin Gagné Consulting Inc.

Mr. Martin Gagné is a senior consultant for Strategy and Business Development in the field of Defence. Mr. Gagné spent 17 years at CAE, a global leader in modelling, simulation and training for civil aviation and defence. At CAE, he has occupied various roles such as: Vice-President of Visual Systems, where he led the development of a new visual system based on Commercial “Off the Shelf” technology; Vice-President of Military Marketing and Sales, where he led a comprehensive strategic plan for growth which included a new business pursuit model; and Executive Vice-President of Civil Simulation and Training, where he was responsible for the business development, strategic planning, sales and marketing functions for the civil business segment of CAE. In 2009, Mr. Gagné was promoted to Group President for Military Simulation and Training, with full responsibility for profit and loss of CAE’s worldwide military division, retiring from that role in 2012. Mr. Gagné served on the Board of Directors for the Canadian Association of Defence and Security Industries (CADSI) and is a member of the Independent Review Panel for Defence Acquisition to the Minister of National Defence. Mr. Gagné was appointed to CCC’s Board of Directors on February 27, 2013.


Michael Johnson

Michael Johnson is a former deputy minister of Yukon Highways and Public Works in the Government of Yukon. As a Queens’ University Civil Engineering graduate, he has 30 years of industrial and commercial engineering construction experience, including joint ventures with First Nations communities. Mr. Johnson was appointed to CCC’s Board of Directors on July 1, 2019.


Mora Johnson

Mora Johnson is a lawyer, consultant and leading expert in responsible business conduct (RBC). She has demonstrated policy leadership in compliance against corruption and money laundering and in promoting human rights. She is experienced in global RBC standards, including the UN Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights Initiative, and the Extractive Industries Transparency Initiative. Ms. Johnson is the Head of Secretariat of Voluntary Principles on Security and Human Rights.


Robert Kwon

Independent Consultant

Mr. Bobby Kwon is currently an independent consultant providing advisory services to various organizations. Most recently, Mr. Kwon was Senior Vice President at George Weston Ltd. overseeing the Executive Chairman’s Office. Prior to that, Bobby worked at Unilever in Canada, U.S., Netherlands, and U.K. in a number of senior finance and corporate positions, including CFO for the Canadian business and Chief of Staff to Group CEO in London. He serves on the Board of CPA Ontario and Advisory Board of Rotman-Odgers Berndtson and, in the past, on the Boards of Unilever Canada Inc. and GS1 (Retail Sector). He is a member of Governor General’s Canadian Leadership Conference, volunteers at the Regent Park Community Centre, and supports several Korean-Canadian community organizations.


Claude Robillard

Registered Dealing Representative – Belco PC
Principal – 43 North Group

Mr. Claude Robillard is currently Principal of 43 North Group and is a Registered Dealing Representative with Belco PC. Formerly he was the Managing Director of Investor Relations at West Face Capital, a leading Canadian-based alternative asset manager, where he engaged with sovereign wealth funds, pension funds, endowments, funds of funds, and family offices in domestic and international markets. Prior to joining West Face Capital, Mr. Robillard was with CIBC World Markets where he oversaw CIBC’s Capital Introduction Group, and contributed to the bank’s cross-asset capabilities while managing key relationships. Prior to joining CIBC, he was a Managing Director of Artemis Investment Management, a multi-strategy alternative asset manager. In 2007, he co-founded a European-based real estate investment group focused on development and infrastructure projects in Eastern Europe. Formerly, Mr. Robillard was a founding partner of an asset management company launched in New York that subsequently expanded to Hong Kong and Toronto, and previously held senior roles within HSBC Securities, RBC Royal Bank, and CIBC World Markets, with a focus on alternative asset classes, equity structured products, equity finance and commodity products. He is a frequent guest speaker and lecturer on alternative asset classes, and is co-chairman of the Investor Engagement Committee at the Alternative Investment Management Association (Canada) and a member of McGill University’s Expert Panel in Investment Management. Mr. Robillard was appointed to CCC’s Board of Directors on June 13, 2014.


Nicole Verkindt

Chief Executive Officer
OMX

Ms. Nicole Verkindt is CEO of OMX (theomx.com), a software platform for government contractors to manage offset commitments in the defence, aerospace and security industries, a company she founded in 2011. Prior to OMX, Ms. Verkindt held several positions at GMA Corp., including Vice-President of Sales and Marketing, Vice President of Business Development, and as President and CEO responsible for all operations, sales and finance of the company. Ms. Verkindt was the Founder, Director and President of Tiburon, in Santo Domingo, Dominican Republic, a manufacturing business that serviced the US Department of Defense. She has also worked as a project manager for Big Media Group of Overpelt, Belgium, where she met with public and private sector leaders to produce economic reports for numerous international media agencies, and advised on attracting foreign direct investment through PR campaigns. Ms. Verkindt is the Founder and President of the Southern Ontario Defence Association and an active member of the CADSI SME committee, Global Offset and Countertrade Association, the Canadian Space Commerce Association and the Ontario Aerospace Council. Ms. Verkindt was appointed to CCC’s Board of Directors on December 17, 2013.


Christa Wessel

Chief Operating Officer
ClearView Strategic Partners Inc.

Christa Wessel is the Chief Operating Officer and General Counsel at ClearView Strategic Partners Inc., a firm providing software and expertise in ethics reporting, whistleblowing systems and ethics programs. Ms. Wessel leverages her experience as a C-suite executive for global giants McCain and Siemens, where she held chief accountability for the governance and compliance, legal, human resources and stakeholder engagement portfolios.  With a successful track record of spearheading transformative projects and initiatives in highly competitive international businesses, her extensive hands-on experience spans both developed and developing markets including the United States, Latin America, Europe and Asia.

Prior to joining ClearView, Ms. Wessel was Senior Advisor with The Change Alliance where she provided leading-edge advice and support to Boards of Directors and senior leaders in the areas of reputation, culture and ethics.

Ms. Wessel is also a Corporate Director, and is currently a member of the Board of Directors of Lallemand Inc., Hamilton Enterprises Holding Corporation, Hamilton Utilities Corporation, and Waypoint Centre for Mental Health Care and a member of the CSR Advisory Council, Export Development Corporation.  She is also a Faculty Member at The Directors College.  Ms. Wessel was called to the Bar in the Province of Ontario, holds an LL.B., University of Ottawa, B.A. Econ., York University, C. Dir., Directors College at McMaster University and is a Certified In House Counsel, Canadian Bar Association.

Ms. Wessel’s former board commitments include: Halton Healthcare Services Corporation (including serving as Board Chair); Siemens Canada Limited (and a number of its Canadian affiliates); and Oakville Hydroelectricity Distribution Inc. She is a frequent speaker at conferences pertaining to leadership, governance, and ethics. Ms. Wessel was appointed to CCC’s Board of Directors on July 1, 2019.


Carl Marcotte

President and CEO
Canadian Commercial Corporation

Mr. Carl Marcotte was appointed President and CEO in September 2019.  Prior to his appointment, and since 2017, Mr. Marcotte was CCC’s Vice-President, Operations & Head of Defence Sector where he led CCC’s business diversification initiative to assist a growing number of Canadian exporters from new and developing sectors. Before joining CCC, Mr. Marcotte spent more than 26 years in international trade, risk management and structured finance, including executive positions in the nuclear industry. Until recently he was also a Reserve Intelligence Officer in the Canadian Armed Forces.  Mr. Marcotte proudly serves on a variety of volunteer boards and committees.


Board committees

Audit Committee

Deals primarily with matters related to sound financial and risk management practices, audit functions, reporting accuracy, and ethical conduct of the Corporation.

Members:

  • Claude Robillard (Chair)
  • Bobby Kwon
  • ex-officio: Douglas Harrison

Governance and Human Resources Committee

Develops and implements practices and procedures to ensure that the Board of Directors and the Corporation operate effectively and in accordance with a high standard of corporate governance.

Members:

  • Christa Wessel (Chair)
  • Daniela Bassan
  • ex-officio: Douglas Harrison
  • ex-officio: Carl Marcotte

Operations Committee

Oversees management’s development of new commercial business initiatives, particularly all capital projects and those potential contracts valued in excess of $100 million.

Members:

  • Martin Gagné (Chair)
  • Dyanne Carenza
  • Nicole Verkindt
  • ex-officio: Douglas Harrison
  • ex officio: Carl Marcotte

Senior management committee

In addition to overseeing day-to-day operations, the Executive Management Team plans and executes the business strategy as outlined in the Corporate Plan.


Carl Marcotte

President and Chief Executive Officer

Mr. Carl Marcotte was appointed President and CEO in September 2019.  Prior to his appointment, and since 2017, Mr. Marcotte was CCC’s Vice-President, Operations & Head of Defence Sector where he led CCC’s business diversification initiative to assist a growing number of Canadian exporters from new and developing sectors. Before joining CCC, Mr. Marcotte spent more than 26 years in international trade, risk management and structured finance, including executive positions in the nuclear industry. Until recently he was also a Reserve Intelligence Officer in the Canadian Armed Forces.  Mr. Marcotte proudly serves on a variety of volunteer boards and committees.


Michelle Taylor

Vice-President Legal Services, General Counsel and Corporate Secretary

Ms. Taylor brings over 15 years of experience from private and industry practice.  She spent 11 years with Rio Tinto as Senior In House Counsel where she worked on numerous complex projects, including a secondment to Rio Tinto Alcan in Brisbane, Australia for two years to manage a team of external lawyers to work on a significant divestment project. Ms. Taylor has significant experience working on international commercial transactions, including EPCM contract negotiations, negotiating IP and licensing agreements, overseeing major procurement contracts and equipment purchases and while in private practice with a major international firm, worked in the area of international and construction arbitration. She holds a Master of Laws, Business Law degree from York University, with focus on corporate governance, finance and transactions, IP, Energy and Infrastructure.


Ernie Briard

Vice-President, Corporate Services and Chief Financial Officer

On January 7th, 2016, Ernie Briard joined the Canadian Commercial Corporation as Vice-President of Corporate Services and Chief Financial Officer (CFO) where he is responsible for developing and implementing corporate policies, strategies, initiatives, and new technologies. Mr. Briard brings with him a wealth of management experience and achievements, having led financial teams in both the private and public sectors. Most recently, Mr. Briard led the Standards Council of Canada as the Vice-President, Corporate Services and CFO, where he was responsible for financial management, human resources, investment planning and business analytics, information management and information technology, corporate administration and contracting, translation and travel. Prior to that, Mr. Briard had a successful career with Nortel and as an independent consultant.


Jason Hann

Acting Vice-President, Operations & Head of Defence Sector

Jason Hann was appointed Vice-President, Operations & Head of Defence Sector in an acting capacity on September 9, 2019. With more than 22 years of public service experience, he has held several positions of increasing responsibility with the Canadian Commercial Corporation and other government departments. Most recently, he held the position of Senior Director, Risk and Performance Management where he was responsible for strengthening approaches to planning, reporting, risk and performance management. Further, he was the lead on the Corporation’s two largest international infrastructure projects and a former Chief of Staff to the President and CEO. Mr. Hann is a Chartered Professional Accountant.


Ian McLeod

Vice-President, Business Development and Sales

Mr. Ian McLeod was appointed Vice-President of Business Development and Sales in May 2018. Mr. McLeod has over 22 years of private sector business experience, focused on business development and delivery of large system engineering projects for government and commercial customers worldwide. During his career, he has worked in engineering, program management, pursuit management, and executive roles of increasing responsibility. Most recently he was the Vice President, Business Development, for MDA Satellite Systems. He has worked in Vancouver, San Diego, Ottawa, and Montreal, on projects for customers in Europe, Asia, the Middle East, North America, and South America.


Enterprise risk management

As it works in a variety of sectors in markets around the world, CCC has implemented a robust Enterprise Risk Management (ERM) policy to understand, manage and communicate risk from an organization-wide perspective. Involving employees from all levels of the Corporation and embedded in day-to-day operations, ERM ensures a risk culture fully aligned with CCC’s strategic objectives.

Management uses CCC’s ERM process to:

  • Identify business risks faced on a day-to-day and strategic basis  
  • Consistently analyze risks for likelihood of occurrence and potential impact 
  • Establish formal systems to minimize and monitor risk 
  • Communicating risks throughout the Corporation 
  • Develop risk profiles at key levels 
  • Report changes to CCC’s risk portfolio to the Board of Directors

Corporate Policies

As it works in a variety of sectors in markets around the world, CCC has implemented a robust Enterprise Risk Management (ERM) policy to understand, manage and communicate risk from an organization-wide perspective. Involving employees from all levels of the Corporation and embedded in day-to-day operations, ERM ensures a risk culture fully aligned with CCC’s strategic objectives.

Pricing Policy

CCC fees generated by CCC’s participation in transactions are the sole funding source for the Corporation. CCC fees are set at a level sufficient to meet the overall risk profile of each transaction as well as the financial requirements of the Corporation for ongoing operations. The CCC Pricing Policy provides direction to staff on the pricing of CCC’s services. Please contact your CCC account manager for more information on how this policy applies to your specific transaction.

Purchasing Policy

As a Federal Crown Corporation, CCC operates at arm’s length from the Canadian government and in accordance with commercial principles. In support of our mandate CCC is required to purchase goods and services to meet corporate requirements.

As outlined in the Purchasing Policy, enacted in 2005 and updated in October 2015, CCC will purchase goods and services in a manner that is professional, efficient, effective, and economical and in accordance with applicable legislation and trade agreements. This Policy applies to all staff of the Corporation as it pertains to the administrative purchases of goods and services for the benefit of CCC and/or its employees and supersedes any prior policy.

Travel, Hospitality, Conference, and Event Expenditures Policy

As of August 15, 2016, the rules and principles governing travel and hospitality expenses at CCC are consistent with Treasury Board guidelines, including the Directive on Travel, Hospitality, Conference and Event Expenditures. The purpose of these directives is to provide for the reimbursement of reasonable expenses incurred during travel on government business. The rules and principles outlined in the CCC Travel, Hospitality, Conference and Event Expenditures Policy provide for the application of these directives.


Audits and Special Examinations

The Office of the Auditor General of Canada (OAG), conducts a financial audit of CCC each year. Our current Annual Report includes the most recent Independent Auditor’s Report.
The OAG also undertakes a Special Examination of federal Crown corporations, including CCC, at least once every 10 years. These objective of a special examinations is to provide an opinion on the corporations systems and practices. A special examination answers the question – Do the Corporation’s key systems and practices provide reasonable assurance that its assets are safeguarded, its resources are managed economically and efficiently, and its operations are carried out effectively? The most recent Special Examination of CCC was completed in 2019.

Internal Audit

CCC’s Internal Audit group conducts audits based on an audit plan which is approved by the Audit Committee of the Board of Directors. After each audit, a report is issued which includes CCC’s opinion on the related internal controls, a summary of each finding and recommendations.

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