Independent Review Committee (IRC)


Members of the Independent Review Committee (IRC)

Elaine C. Phénix
Montreal, Québec
President, Phénix Capital Inc.

Elaine Phénix has served on the IRC since 1999. She is a financial strategy consultant with business and regulatory experience in Canadian capital markets. She is a former executive vice-president of the Montreal Exchange. Ms Phénix is the President of Phénix Capital Inc. and has extensive experience as a corporate director.


Charles F. Macfarlane
Toronto, Ontario
Board Director and Former Investment Industry Executive and Regulator

Charles Macfarlane was appointed to the IRC in September 2006. Mr. Macfarlane was the executive director and chief operating officer of the Ontario Securities Commission from 1998 to 2006. He has also served as a senior executive of The Toronto-Dominion Bank, TD Trust and, prior to 1994, of Royal Trust. He currently serves as a director on a number of corporate and not-for-profit boards.


Paul K. Bates
Millgrove, Ontario
Academic and Former Investment Industry Executive

Paul Bates has been a member of the IRC since 2014. Mr. Bates is currently a Special Advisor to the President at McMaster University, following almost seven years as Dean at the DeGroote School of Business. Mr. Bates previously served as a commissioner to the Ontario Securities Commission and is a former investment industry senior executive.


Catherine Kloepfer, FCPA, CGA, FCA
Winnipeg, Manitoba
Senior Vice President, Corporate Services & CFO, Winnipeg Airports Authority Inc.

Catherine joined the IRC effective January 1, 2017. She is Senior Vice President of Corporate Services and Chief Financial Officer of Winnipeg Airports Authority. Previously, Catherine was Associate Partner at a national accounting firm with experience in investment funds.


Mary C. Ritchie
Edmonton, Alberta
President, Richford Holdings Ltd.

Mary Ritchie has served on the IRC since 2002. A fellow of the Institute of Chartered Accountants of Alberta and the president of Richford Holdings Ltd., Ms Ritchie is a corporate executive who has developed an expertise in corporate governance by serving on boards of directors and chairing audit committees.


Suromitra Sanatani, LLB
Edmonton, Alberta
Corporate Director

Suromitra joined the IRC effective January 1, 2017. She is a trained lawyer and an executive and corporate director who has worked in both the public and private sector. Suromitra previously held the position of Vice President at a crown corporation.

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