CCC’s mandate is defined in the Canadian Commercial Corporation Act and we report to Parliament through the Minister of Small Business, Export Promotion and International Trade.

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 Small Business, Export Promotion and International Trade.

Douglas Harrison

Burlington, Ontario

Dyanne Carenza

Vice President, Trade Finance Scotiabank
Montréal, Québec

Martin Gagné

President, Martin Gagné Consulting Inc.
Laval, Québec

Michael Johnson

Whitehorse, Yukon

Mora Johnson

Ottawa, Ontario

Julian J. Ovens

Vice President, Crestview Strategy
Ottawa, Ontario

Claude Robillard

Principal, 43 North Group
Toronto, Ontario

Nicole Verkindt

Chief Executive Officer, OMX
Toronto, Ontario

Christa Wessel

Chief Operating Officer, ClearView Strategic Partners Inc.
Oakville, Ontario

Robert (Bobby) Kwon

Ottawa, Ontario

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)
  • Christa Wessel
  • Douglas J. Harrison (ex officio)

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)
  • Mike Johnson
  • Mora Johnson
  • Douglas J. Harrison (ex officio)
  • Robert (Bobby) Kwon (ex officio)

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
  • Julian J. Ovens
  • Mike Johnson
  • Mora Johnson
  • Nicole Verkindt
  • Douglas J. Harrison (ex officio)
  • Robert (Bobby) Kwon (ex officio)

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.

Robert (Bobby) Kwon

President and CEO

Michelle Taylor

Vice-President, Legal Services, General Counsel and Corporate Secretary

Diane Montambault - cropped

Diane Montambault

Vice-President, Contract Management and Operations

Kim Douglas

Vice-President, Business Development and Marketing

Ernie Briard

Vice-President, Corporate Services and Chief Financial Officer

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.

Share on twitter
Share on linkedin
Share on email
Share on print

CCC uses cookies and other tracking tools to offer you a better experience when you visit our site. Visit our Cookie Policy page to learn more or to change your preferences. By continuing to use our site, you consent to cookie use.

La CCC utilise des témoins (cookies) et d’autres outils de suivi pour vous offrir une meilleure expérience de navigation sur notre site. Visitez notre page sur les règles relatives aux témoins pour en savoir plus ou pour modifier vos préférences. En continuant d’utiliser notre site, vous consentez à l’utilisation de cookies.