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Board of Directors

OBSI's board plays a vital role in providing strategic oversight for the organization.

OBSI’s board consists of 10 directors: seven Community Directors (at least one of which is designated the Consumer Interest Director), who have not been part of industry or government for at least two years; and three Industry Directors, who are appointed from shortlists of nominees provided by designated industry bodies.

Board renewal is an important part of OBSI's governance framework. Directors come from across Canada, bringing a diversity of skills and experience from both the public and private sectors. For more information on the board's independence, visit our Governance page.

Board Members

Maureen Jensen

Maureen Jensen, Chair

Ms. Jensen has been a leader in the investment industry and securities regulation for more than 20 years. She is the past Chair and Chief Executive Officer of the Ontario Securities Commission (OSC). She was the first woman to lead the OSC and was a fierce advocate for investor protection and a champion for reducing the regulatory burden on businesses.

Ms. Jensen served as the Executive Director and Chief Administrative Officer of the OSC from 2011 – 2016, prior to her appointment as its Chair and CEO serving from 2016 – 2020. Before joining the OSC, Ms. Jensen was SVP, Surveillance and Compliance at IIROC from 2008 – 2011. Prior to the merger of the IDA and MRS, to form IIROC in 2008, Ms. Jensen was President and CEO of Market Regulation Services Inc., the independent national market regulation services provider for Canadian equity markets and previously held the position of VP Market Regulation, Eastern Region. Ms. Jensen has held senior regulatory and business positions at the Toronto Stock Exchange, and prior to that had a 20 year career in the mining industry, holding both executive and technical management positions with several resource companies.

Ms. Jensen holds a BSc., is a Registered Professional Geoscientist (P. Geo), holds the ICD.D designation from the Institute of Corporate Directors, a GCB.D from Global Competent Boards and has a Doctor of Laws (Honoris Causa). She is currently a Director of Franco-Nevada Corporation and is a public governor of FINRA in the US.

Mary Condon

Mary Condon, BA, MA, LLM, SJD 
Consumer Interest Director, Governance and Human Resources Committee member

Ms. Condon is a professor at Osgoode Hall Law School where she teaches Securities Regulation and Advanced Securities in Osgoode’s JD program and directs and teaches the Professional LLM program in Securities Law. She served as Dean and Interim Dean of the school from 2018 to 2023.  

In October 2023, Ms. Condon was appointed as a part-time adjudicator of the Capital Markets Tribunal (Ontario). Previously, she was a board member of the Capital Markets Authority Implementation Organization, and Commissioner and board member of the Ontario Securities Commission (OSC), where she was also a Vice-Chair. In January 2024, she was appointed a Commission member of the Central Bank of Ireland.  

In 2018, she was named one of the top 100 Most Powerful Women in Canada by Women’s Executive Network. She is a recipient of the Walter S. Owen Chair from University of British Columbia and the first recipient of the Alan Marks Medal from University of Toronto.  

Jill Hugessen

Jill Hugessen, BA, BCL/LL.B, ICD.D 
Chair, Governance and Human Resources Committee

Ms. Hugessen is founder and principal of Hugessen Coaching, a coaching and consulting service for business executives and lawyers.

Ms. Hugessen is a graduate of McGill University, where she obtained a B.A. in 1981 and a BCL/LL.B. (law) in 1985. She has been a member of the Barreau du Québec since 1986. Prior to establishing herself as an independent executive coach in 2011, Ms. Hugessen practiced corporate law for 7 years with a major Canadian law firm. She then worked as in-house counsel for a sporting goods manufacturer for 5 years, before returning to the firm where she had started her career, to act as the firm's director of professional development for 9 years. 

Suresh Krishnasamy

Suresh Krishnasamy, MBA, MS, BASc 
Industry Director, Chair, Finance and Audit Committee

Mr. Krishnasamy is the Chief Operating Officer, North American Personal & Business Banking for BMO Financial Group. In this role, he is responsible for the key integrating functions of this segment from strategy to execution. Mr. Krishnasamy joined BMO in 2006 from McKinsey and Company.  He has since held executive leadership roles in strategy, finance, and operating groups. 

Mr. Krishnasamy earned a Master of Business Administration degree from the Wharton School at the University of Pennsylvania, where he was recognized as a Palmer Scholar. Prior to earning his business degree, he earned a Master of Science in Engineering degree from Stanford University and a Bachelor of Applied Science degree in Mechanical Engineering from the University of Waterloo.

Bonnie Lysyk

Bonnie Lysyk, MBA, FCPA, FCA, LPA, ICD.D
Finance and Audit Committee member

Bonnie Lysyk became the 13th Auditor General of Ontario on September 3, 2013, after having previously served as Provincial Auditor of Saskatchewan, and Deputy Auditor General and Chief Operating Officer of Manitoba. She completed her 10-year term as Auditor General of Ontario on September 3, 2023. Bonnie also has significant experience working in senior roles in the energy, insurance and pension sectors, and has served on financial sector, professional, and not-for-profit boards. She has delivered audit and governance training domestically and overseas.

In 2020, she was presented with the Distinguished Leader Award by the Goodman School of Business of Brock University for inspiring the next generation of business leaders. In November 2023 Toronto Life listed Lysyk as eight in their Top 50 Most Influential People of 2023. Bonnie is a Senior Fellow with the C.D. Howe Institute and a contributing columnist with The Trillium: Queens Park News.

Wanda Morris

Wanda Morris
Consumer Interest Director, Finance and Audit Committee member

Ms. Morris is a CPA and financial and consumer advocate. As the former Chief Advocacy and Engagement Officer for CARP and CEO of Dying with Dignity Canada, she led public advocacy campaigns on a number of issues including investor protections, pension security, medical aid in dying, and safety in long-term care.

Ms. Morris is on the board of FAIR Canada, a frequent media commentator and her writing has appeared in various publications including the Vancouver Sun, the Edmonton Journal and Zoomer Magazine. 

Sarah Shody

Sarah Shody
Industry Director, Finance and Audit Committee member

Ms. Shody is currently Managing Counsel at RBC, supporting RBC’s wealth management businesses. Prior to this, Ms. Shody was the Associate General Counsel, Wealth for HSBC Canada, where she advised HSBC Canada on legal matters related to its wealth and asset management businesses. Prior to joining HSBC Canada, Ms. Shody held roles at Royal Bank of Canada and Bank of Montreal, and prior to those, she practiced litigation at two of Canada’s top Bay Street law firms. Ms. Shody is also an Industry Member of the Hearing Committee of the Canadian Investment Regulatory Organization.

Ms. Shody is a graduate of the University of Western Ontario School of Law, and also holds a B.A. in Media, Information and Technoculture from the University of Western Ontario.

Ron Smith

Ronald Smith, FCPA, FCA, ICD.D
Governance and Human Resources Committee member

Mr. Smith is an independent director with many years of board experience in the private, not-for-profit and public sectors. During his career, he served as CFO of MT&T prior to the merger that created Bell Aliant, and then later as CFO of Nova Scotia Power and Emera, retiring in 2005. While a Director of Nova Scotia Business Inc., he served as Interim CEO from 2013 to 2015.

Mr. Smith currently serves on the boards of PROREIT, Covalon Technologies Inc. and the IWK Health Centre as Past Chair.

In the past, he has served on the Canada Pension Plan Investment Board, the board of Alamos Gold Inc. and as Founding Chair of the independent board which governs the Nova Scotia Public Service Superannuation Fund. He was Chair of the Acadia University Board of Governors from 2004 to 2009 and was National Chair of The Arthritis Society from 2016 to 2018.

Michael Thom

 

Michael Thom, CFA
Consumer Interest Director, Finance and Audit Committee member

Mr. Thom is the Managing Director for CFA Societies Canada. He leads the strategic direction of CFA Societies Canada and advances the highest professional standards of integrity and ethics for the ultimate benefit of Canadian society. He joined CFA Societies Canada following many years of leadership in capital markets and investment management. He holds an undergraduate degree from the University of British Columbia and is both a CFA charterholder and CAIA charterholder.

 

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