Chairperson of the Nominating Committee for the Public Sector Pension Investment Board (part-time position, non-remunerated)

The Public Sector Pension Investment Board (PSPIB) is a Crown corporation established by Parliament in 1999, through the Public Sector Pension Investment Board Act to invest the amounts transferred by the federal government for the pension plans of the Public Service, the Canadian Armed Forces, and the Royal Canadian Mounted Police in the best interests of contributors and beneficiaries. The Public Sector Pension Investment Board, also known commercially as PSP Investments, is managed by a board of 11 directors, including the Chairperson.

Pursuant to the Public Sector Pension Investment Board Act, an arms-length Nominating Committee is mandated to establish a list of qualified candidates for proposed appointment as directors of the PSPIB. The Nominating Committee ensures that Board director candidates possess proven financial ability and relevant work experience so that the Board will be able to effectively achieve its legislative obligations. Further pursuant to the Act, the list established by the Nominating Committee is the list from which the President of the Treasury Board recommends candidates for appointment as directors to the Governor in Council.

The Nominating Committee consists of eight (8) members, including an independent chairperson, six members who are representative of the demographic of the public service, and one person who is representative of public service pensioners. Nominating Committee members hold office for (5) years and are eligible for re-appointment for one or more additional terms. Nominating Committee members are not remunerated.

The Nominating Committee plays no day-to-day operational role in guiding the PSPIB. There are no regularly scheduled meetings during the year. Meetings are convened to address vacancies in the membership in the Board of Directors. Therefore, while in some years there will be no vacancies requiring attention, in other years the Nominating Committee may be required to address multiple vacancies. Meetings usually last one (1) hour and are typically held by teleconference. However, upon occasion, lengthier face-to-face meetings may be convened in Ottawa, Ontario. The maximum estimated time commitment for the Chairperson and other members is three (3) days per year. Travel arrangements are reimbursed pursuant to Government of Canada travel and hospitality guidelines.

English and French appointment opportunities will be produced in an alternative format upon request.

Official Languages and Diversity

The Government of Canada will consider bilingual proficiency and diversity in assessing candidates for this position. You are therefore encouraged to include in your application your ability to speak and understand your second official language.

The Government of Canada is committed to promoting employment equity, diversity and inclusion that is representative of Canadian Society. We therefore encourage women, Aboriginal peoples, persons with disabilities, and members of visible minority groups to indicate their interest for this opportunity, and declare themselves as part of one or more of the above mentioned Employment Equity Designated Groups.

To be considered for this position, please provide examples from your career that clearly demonstrate how you meet the following criteria in your application:

Essential Requirements

  • Education
    • Possession of a university degree.
  • Experience
    • Experience conducting executive interviews (candidate board members) and/or assessing the performance of board members (e.g., peer reviews, governance reviews) of successful, major domestic and/or international companies with operations inside and/or outside Canada.
    • Experience in a senior leadership position (executive or board member).
  • Knowledge, Skills and Abilities
    • Knowledge of corporate governance.
    • Ability to maintain an impartial and independent perspective and exercise sound judgement.
    • Ability to listen carefully, to analyze and ask relevant questions at the strategic level, and to consider the perspectives of various stakeholders.
    • Ability to foster a respectful and trusting environment where sound advice is valued and encourage expression of diverse opinions and perspectives while fostering collegiality.
    • Ability to understand situations and problems by addressing underlying issues and to leverage knowledge and experience and common sense to create consensus.
    • Ability to communicate with clarity, objectivity, brevity and integrity.
  • Personal Attributes
    • High ethical standards and integrity.

Asset Qualifications

  • Education
    • Possession of a generally recognized investment, financial management, business or law accreditation (e.g. CFA, FCIA, CA, MBA, LL.B.).
  • Experience
    • Breadth of experience (8 years+) in senior leadership positions (e.g. board director, board Chair, CEO) of successful, major (AUM $10B +) domestic and/or international companies with operations inside and/or outside Canada.
    • Broad experience in investment, pension management, business or law.

Eligibility Factors and Conditions of Employment

Pursuant to the Public Sector Investment Board Act, the Nominating Committee Chairperson is independent, and at the time of his/her appointment:

  1. is not entitled to nor has been granted a pension benefit under the Public Service Superannuation Act, the Canadian Forces Superannuation Act or the Royal Canadian Mounted Police Superannuation Act,
  2. is neither entitled to nor has been granted a superannuation or pension benefit of a prescribed kind that is payable out of the Consolidated Revenue Fund and is chargeable to a Superannuation Account or another account in the accounts of Canada or is payable out of a fund, and
  3. is not subject to a superannuation or pension fund or plan under which he or she may become entitled to a benefit referred to in subparagraph (i) or (ii)

Travel

You are willing to travel to Ottawa, Ontario, as required.

If you are appointed to this position:

You must comply with the ethical, political activity and conflict of interest guidelines applicable to federal Ministerial appointments.

Applications

Interested individuals should forward their curriculum vitae by , to Russell Reynolds Associates by email at PSPIBNomCom@russellreynolds.com. Your curriculum vitae must demonstrate that you meet the requirements and criteria of this position. A covering letter may also be submitted. For additional information, please email at PSPIBNomCom@russellreynolds.com.

Please note that the applications of candidates who are deemed to meet the requirements of the position may be retained for a period of one year for future consideration.

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