September 18 - 20, 2013

Strategic Planning

The SC and OAC Boards met jointly to discuss the strategic direction of OMERS.  The Boards agreed to develop an overarching strategic vision (goal) statement for OMERS as well as a joint funding strategy and joint communications goals.  Groundwork was laid for management to continue to develop the materials for consideration in 2014.  This represents a significant step in developing the ‘One OMERS’ strategic plan as recommended by Tony Dean in his 2012 Governance Review Report.

 

Governance 

Another recommendation from the 2012 Review was to appoint an Independent Board Chair to the OAC.  In February, a Joint Working Group (JWG) of SC and OAC Board Members had been established to oversee the recruitment process for the new, fifteenth seat at the OAC Board.  Using the services of a professional search firm and following an intensive series of meetings and interviews, one individual was unanimously recommended by the JWG to both Boards.  At the SC meeting of September 20, the SC reviewed the recommendation and formally appointed Mr. George Cooke as the OAC Board Chair, effective October 1, 2013.  Appropriate amendments were made to SC By-Law #13 and to By-Law #6, including the interim appointment of  Mr. Rick Miller as the OAC Vice Chair to the end of his original term, December 31, 2013, to assist in the transition.