The Corporation believes in the importance of good corporate governance and the central role played by directors in the governance process.
Power Corporation’s Board of Directors is composed of seasoned professionals who bring their diverse experience to the table. This balance of skills and competencies results in the prudent, conservative oversight that has enabled the Corporation to deliver attractive long-term shareholder returns.
Mr. Beaudoin is Chairman of Bombardier Inc., a diversified transportation manufacturing company. Mr. Beaudoin is also a director of Bombardier Inc. and of BRP Inc.
He joined the Bombardier group in 1985 and held the positions of President and Chief Operating Officer of Bombardier Aerospace from 2001 to 2008, Executive Vice-President of Bombardier Inc. from 2004 to 2008, President and Chief Executive Officer from 2008 to 2015 and Executive Chairman of the Board from 2015 to 2017. He was also President of Bombardier Business Aircraft and President and Chief Operating Officer of Bombardier Recreational Products.
Mr. Beaudoin studied Business Administration at Collège Jean-de-Brébeuf and Industrial Relations at McGill University in Montréal.
Mr. Coutu is a company director. From 2001 to January 1, 2014, he was President and Chief Executive Officer of Canadian Oil Sands Limited and Chairman of Syncrude Canada Ltd. Mr. Coutu was previously Senior Vice-President and Chief Financial Officer of Gulf Canada Resources Limited. He has more than 30 years of experience in the energy sector, primarily focused in the areas of corporate finance, investment banking, mining, and oil and gas exploration and development.
Mr. Coutu is a director of Great-West Lifeco, Canada Life, Empower Retirement, Putnam Investments, IGM Financial, IG Wealth Management and Mackenzie. He is also a director of Brookfield Asset Management Inc., Enbridge Inc., and of the Calgary Exhibition and Stampede Board.
He holds a Bachelor of Science (Honours) in Geology from the University of Waterloo and an MBA from the University of Western Ontario. Mr. Coutu is a past member of the Association of Professional Engineers, Geologists and Geophysicists (APEGGA) and a member of the Canadian Council of Chief Executives.
Mr. Desmarais is Deputy Chairman of Power Corporation, a position he has held since 1996. He previously served as President and Co-Chief Executive Officer of Power Corporation from 1996 until his retirement in February 2020. At Power Financial, he was also Executive Co-Chairman from 2015 until 2020, Co-Chairman from 2008 to 2015 and Deputy Chairman from 1996 to 2008. Prior to joining Power Corporation in 1983, he was Special Assistant to the Minister of Justice of Canada and an institutional investment counsellor at Richardson Greenshields Securities Ltd.
He is a director of many Power Corporation group companies, including Power Financial, Great-West Lifeco, Canada Life, Empower Retirement, Putnam Investments, IGM Financial, IG Wealth Management, Mackenzie and Power Sustainable Capital. He was a director and Vice-Chairman of Pargesa in Europe until November 2020, when Pargesa’s reorganization was completed. He was also a director of Bellus Health Inc. until 2009 and of CITIC Pacific Limited in Asia until 2014.
Over the years, cultural, health, and other not-for-profit organizations have benefitted from his commitment, involvement, and dedication. He has played key roles in a number of fundraising campaigns, including those of the Montreal Museum of Fine Arts, the Montreal Heart Institute, the Montreal General Hospital, Leucan, the Canadian Red Cross, the Canadian Cancer Society, Centraide of Greater Montreal and the Jean Paul Riopelle Foundation. He is Chairman of the Fondation Baxter & Alma Ricard, a member of the Chairman’s International Advisory Council of the Americas Society, Honorary Chairman of the Canada China Business Council, and a member of the Trilateral Commission and several China-based organizations.
He holds a Bachelor of Commerce from Concordia University and received honorary doctorates from Concordia University, Université de Montréal and McGill University. In 2003, he was made an Officer of the Order of Canada and, in 2009, an Officer of the National Order of Québec.
Mr. Desmarais has been Chairman of Power Corporation since 1996. He also served as Co-Chief Executive Officer of Power Corporation from 1996 until his retirement in February 2020, previously having assumed various positions since he joined Power Corporation in 1981. He is Chairman of Power Financial and also served as Executive Co-Chairman from 2015 to March 2020, Co-Chairman from 2008 to 2015 and Executive Chairman from 1990 to 2005.
After Power Financial and the Frère Group of Belgium took control of Pargesa in 1990, Mr. Desmarais moved to Europe from 1991 to 1994, to develop the partnership with the Frère Group and to restructure the Pargesa group. From 1982 to 1990, he was a member of the Management Committee of Pargesa, in 1991, Executive Vice-Chairman and then Executive Chairman of the Committee, and, from 2003 to 2019, he was Co-Chief Executive Officer. Mr. Desmarais was Chairman of the Board of Pargesa from 2013 until November 2020, when Pargesa’s reorganization was completed.
He also serves as Chairman of Power Financial and is a director of many Power Corporation group companies in North America, including Great-West Lifeco, Canada Life, Empower Retirement, Putnam Investments, IGM Financial, IG Wealth Management and Mackenzie. In Europe, he is Chairman of the Board of Groupe Bruxelles Lambert and a director of SGS. He was a director of LafargeHolcim until 2020, of Total until 2017, of GDF Suez from 2001 to 2014, and of Imerys S.A. from 1998 to 2008.
Mr. Desmarais is Chairman of the Board of Governors of The International Economic Forum of the Americas (Canada), a Trustee of The Brookings Institution, Co-Chair of the Brookings International Advisory Council and a member of the Brookings Executive Committee (Washington), a member of the Global Board of Advisors of the Council on Foreign Relations (United States), a member of the Global Advisory Council of Harvard (United States), a member of The Business Council (United States) and of the Business Council of Canada. He is also active on a number of philanthropic advisory councils.
In 1994, he received the Insigne d’Officier de l’Ordre de la Couronne of Belgium. In 2005, he was named an Officer of the Order of Canada and he received the Executive of the Year Award from the Academy of International Business. In 2009, he was named an Officer of the Ordre national du Québec and in 2012, Chevalier de la Légion d’honneur in France. He holds a number of honorary doctorates.
He obtained a Bachelor of Commerce degree from McGill University and an MBA from the European Institute of Business Administration (INSEAD), France.
Mr. Doer is a Senior Business Advisor to the law firm Dentons Canada LLP since August 2016. From 2009 to 2016, he served as Canada’s Ambassador to the United States. He was the Premier of Manitoba from 1999 to 2009 and served in a number of roles in the Legislative Assembly of Manitoba from 1986 to 2009. In 2005, as Premier, Mr. Doer was named by Business Week magazine as one of the top 20 international leaders on climate change. In 2017, Mr. Doer joined the Trilateral Commission as a member of the North American Group.
Mr. Doer is a director of several Power Group companies in North America, including Power Financial, Great-West Lifeco, Canada Life, Empower Retirement, Putnam Investments, IGM Financial, IG Wealth Management and Mackenzie. He is a director of Air Canada since 2018 and was a director of Barrick Gold Corporation from 2016 until 2018.
In 2017, Mr. Doer joined the Trilateral Commission as a member of the North American Group. He serves as volunteer Co-Chair of the Wilson Centre’s Canada Institute, a non-partisan public policy forum focused on Canada-U.S. relations. In 2010, he became a Member of the Order of Manitoba and, in 2011, he received a distinguished diplomatic service award from the World Affairs Council.
Mr. Graham is Chairman and Chief Executive Officer of Sumarria Inc., an investment management company, since 1984. He was Vice-Chairman from 2014 to 2019 and President from 2000 to 2014 of Wittington Investments, Limited, the principal holding company of the Weston-Loblaw Group Prior thereto, he held senior positions in Canada and the United Kingdom with National Bank Financial Inc. (formerly Lévesque Beaubien Geoffrion Inc.), a Montréal-based investment dealer.
Mr. Graham also serves on the boards of Bombardier Inc., since 2019, Graymont Limited since 1987 and Grupo Calidra, S.A. de C.V. since 2003. He formerly served on the boards of Power Financial from 2001 to February 2020, George Weston Limited from 1996 to 2016, Loblaw Companies Limited from 1999 to 2015, of President’s Choice Financial, for which he served as Chairman from 1999 to 2016, and Choice Properties Real Estate Investment Trust, for which he served as Chairman from 2017 to 2020.
Mr. Graham is Chairman of the Ontario Arts Foundation, the Shaw Festival Theatre Endowment Foundation and Vice-Chairman of the Business for the Arts in Canada. He also serves on the boards of the Art Gallery of Ontario, the Canadian Institute for Advanced Research and Luminato.
In June 2007 he was awarded an Honorary Doctorate of Laws from Brock University.
Mr. Jackson retired as a Partner of the law firm Blake, Cassels & Graydon LLP (“Blakes”) in 2012, and currently serves as Senior Counsel to the firm, primarily in the areas of mergers and acquisitions and corporate governance. He was the Chairman of Blakes from 1995 to 2001.
He was recognized throughout his career as a leading practitioner in the areas of mergers and acquisitions, corporate finance and corporate governance by numerous independent assessment organizations.
Mr. Jackson served on the boards of several Power Group companies in North America, including Great-West Lifeco and Canada Life from May 2013 to May 2021, of Power Financial from 2013 to 2020 and of IG Wealth Management from 1991 to 2001. He also served as a director of a number of public and private corporations. He was a Director and the Vice-Chairman of the Board of Sunnybrook Health Sciences Centre until 2011.
He holds a Bachelor of Commerce degree from the University of Windsor and a Bachelor of Laws (LL.B.) from Osgoode Hall Law School. He was called to the Bar of Ontario in 1974.
Ms. Madoff is a company director. She has served as Advisory Director to The Goldman Sachs Group, a global investment banking, securities and investment management firm, since August 2017. She has spent 25 years at Goldman Sachs, where she most recently was a Partner leading Interest Rate Products and Mortgages until her retirement from that role in 2017. Ms. Madoff also held several additional leadership positions at Goldman Sachs including Co-Chair of the Retirement Committee overseeing 401k and pension plan assets, Chief Executive Officer of Goldman Sachs Mitsui Marine Derivatives Products, L.P., and was a member of its Securities Division Operating Committee and Firmwide New Activity Committee. She has 30 years of experience in investing, risk management and capital markets activities.
Ms. Madoff is a director of several Power Group companies in North America, including Great-West Lifeco, Canada Life, Empower Retirement and Putnam Investments. She also serves as a director of KKR Real Estate Finance Trust Inc., Tradeweb Markets Inc. and ICE Benchmark Administration, where she is also Chair of the ICE LIBOR Oversight Committee.
Ms. Madoff is a 2018 David Rockefeller Fellow, a member of the Harvard Business School Alumni Board, the Harvard Kennedy School Women and Public Policy Women’s Leadership Board, and is a director of Hudson River Park Friends. She received a Masters in Business Administration from Harvard Business School and a Bachelor of Arts degree in Economics from Lafayette College.
Ms. Marcoux is Chair of the Board of Transcontinental Inc. since 2012, a leader in flexible packaging in North America and Canada’s largest printer and a leader in school textbook publishing. Previously, she was Vice Chair of the Board from 2007 to 2012 and Vice President, Corporate Development from 2004 to 2012.
Between 1998 and 2004, she held the successive roles of Director, Legal Affairs and Assistant Corporate Secretary, and Director, Mergers and Acquisitions. Before joining Transcontinental Inc., she was a lawyer at McCarthy Tétrault LLP.
Ms. Marcoux is a member of the board of Rogers Communications Inc. She was also a member of the board of George Weston Limited for 12 years, until 2019. Moreover, Ms. Marcoux sits on the board of the Institute for Governance of Private and Public Organizations (IGOPP) and is a member of its Governance and Ethics Committee, in addition to being a member of the board of Scale AI. Since January 2021, she is the Honorary President of the Major Donors Circle of Centraide of Greater Montreal, which she chaired from 2018 to 2020, was co-chair of the 2016 Centraide of Greater Montreal campaign and co-chaired the 2015 Leaders’ Circle campaign. In addition, she is a member of the board of The Montreal Children's Hospital Foundation since 2015 and the Advisory Board of McGill University’s Law Faculty since 2018. She has also been involved in several fundraising campaigns, notably for the Montreal Museum of Fine Arts, the Montreal Heart Institute, the Tel-Jeunes Foundation, the Young Musicians of the World Foundation and the Foundation Montréal inc.
In 2016, Ms. Marcoux was awarded the Medal of the National Assembly of Québec and, in 2017, she became the first Canadian to win the Visionary Award for Strategic Leadership from the global organization Women Corporate Directors Foundation. Also in 2017, she was inducted into the Women's Executive Network (WXN) Hall of Fame, after being named one of Canada’s 100 most powerful women by the organization in 2010, 2012 and 2016. In 2019, she was appointed Member of the Order of Canada.
Ms. Marcoux holds a Bachelor’s degree in Political Science and Economics, and a Bachelor’s degree in Civil Law, both from McGill University. She has been a member of the Québec Bar since 1995.
Mr. Noyer is a company director. Previously, from 2003 to 2015, he served as the Governor of the Banque de France, the central bank of France, which is linked to the European Central Bank. From 1998 to 2002, he was Vice-President of the European Central Bank in Frankfurt. After being appointed to the Treasury in the Ministry of the Economy and Finance of France in 1976, Mr. Noyer held a number of positions before serving as Director of the Treasury from 1993 to 1995, Chief of Staff of the Minister of Economic Affairs and Finance from 1995 to 1997, and Director at the Ministry for Economic Affairs, Finance and Industry from 1997 to 1998.
Mr. Noyer served as a member of the Governing Council and the General Council of the European Central Bank from 1998 to 2015, and as a member of the board of the Bank for International Settlements from 2003 to 2015 and as its Chairman from 2010 to 2015. He was also Alternate Governor at the International Monetary Fund from 1993 to 1995 and from 2003 to 2015, and as a member of the Financial Stability Board from 2008 to 2015.
At various times from 1982 to 1995, Mr. Noyer served as a member of the boards of many partially state-owned companies as a representative of the French Government, including Suez, Société Générale, Le Crédit Lyonnais, Le Groupe des Assurances Nationales, Dassault Aviation, Pechiney, Air France and Électricité de France.
Since January 2018, Mr. Noyer acts as a Director of the NSIA Group in Africa and serves on the Board of Directors of Setl, a company dedicated to creating blockchain-based solutions for financial markets, asset management and payments. From 2018 to 2020, he was a Non-Executive Director of Lloyd’s Council and served as an independent Non-Executive Director of Lloyd’s Brussels Board. In April 2019, the Board of Directors of BNP Paribas has appointed Mr. Noyer as censor.
Mr. Noyer is the Honorary Governor of the Banque de France and has been awarded the honours of Commandeur de la Légion d’Honneur and Commandeur des Arts et des Lettres in France, Commander of the National Order of the Lion in Senegal, Great Cross of the Ordén del Merito Civil in Spain, Officier de l’Ordre National de la Valeur in Cameroon and Gold and Silver Star of the Order of the Rising Sun in Japan.
Mr. Orr was appointed President and Chief Executive Officer of Power Corporation in February 2020.
He has extensive experience in the financial services industry, including the past two decades in executive positions in Power group companies. He has been President and Chief Executive Officer of Power Financial, a position he has held since 2005. From 2001 to 2005, he was President and Chief Executive Officer of IGM Financial. Prior to joining IGM Financial, he was Chairman and Chief Executive Officer of BMO Nesbitt Burns and Vice-Chairman, Investment Banking Group, of the Bank of Montreal. Mr. Orr had been with BMO Nesbitt Burns Inc. and predecessor companies since 1981.
He is a director of Power Financial and is also a director and Chairman of certain Power Group companies, including Great-West Lifeco, Canada Life, Empower Retirement, Putnam Investments, IGM Financial, IG Wealth Management and Mackenzie. He is also a director of PanAgora Asset Management Inc.
Mr. Orr is active in a number of community and business organizations. He holds a Bachelor of Arts — Honours Business Administration (HBA) degree from the Richard Ivey School of Business in London, Ontario.
Mr. Ryan is a company director. From 2013 to 2014, he was Managing Director, Global Head of Regulatory Strategy and Policy of JPMorgan Chase & Co., a global financial services firm. From 2008 to 2013, he was President and Chief Executive Officer of the Securities Industry and Financial Markets Association (SIFMA), a trade association representing 680 global financial market participants. Prior to joining SIFMA, he was Vice-Chairman, Financial Institutions and Governments, at J.P. Morgan, where he was a member of the firm’s senior leadership. Prior to joining J.P. Morgan in 1993, Mr. Ryan was the Director of the Office of Thrift Supervision, U.S. Department of the Treasury.
He is a director of many Power group companies in North America, including Power Financial, Great-West Lifeco, Canada Life, Empower Retirement and Putnam Investments, having previously served as a director of Power Corporation and Power Financial from 2011 to 2013 and of Great-West Lifeco and some of its subsidiaries from 2010 to 2013. He is Chairman of the Board of Santander Holdings U.S.A., Inc., Santander Bank, N.A. and Banco Santander International. He has served as a director of Markit Group Limited from 2013 to 2014 and of Lloyds Banking Group from 2009 to 2013. He was a private sector member of the Global Markets Advisory Committee for the U.S. National Intelligence Council from 2007 to 2011.
Mr. Ryan is a graduate of Villanova University and the American University Law School. He served as an officer in the U.S. Army from 1967 to 1970.
Mr. Vanaselja is a company director. He served as the Executive Vice-President and Chief Financial Officer of BCE Inc. and Bell Canada, from 2001 to 2015. Prior to joining BCE Inc., he was a Partner with KPMG Canada in Toronto.
Mr. Vanaselja is a director of several Power Group companies in North America, including Power Financial, Great-West Lifeco and Canada Life. He is also a director and Chair of the Board of TC Energy Corporation and a trustee of RioCan Real Estate Investment Trust. He previously served as a director and Chair of the Audit Committee of Maple Leaf Sports & Entertainment Ltd. He also previously served on the Finance Minister’s Federal Advisory Committee on Financing, on Moody’s Council of Chief Financial Officers, on the Corporate Executive Board’s Working Council for Chief Financial Officers and on the Conference Board of Canada’s National Council of Financial Executives.
Mr. Vanaselja has been an active fundraiser for a number of community organizations including St. Mary’s Hospital Foundation, Big Brothers and Big Sisters of Toronto, Heart and Stroke Foundation of Quebec, Royal Victoria Hospital and the Annual Walk for Kids Help Phone.
Mr. Vanaselja is a Fellow of the Chartered Professional Accountants of Ontario and holds an Honours Bachelor of Business Administration degree from the Schulich School of Business.