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FEI Canada News
FEIC Members,
Dear Members,
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It is with great pleasure that FEI Canada announces the appointment of Mr. Victor Wells FCA (Vic) as interim President and CEO of FEI Canada.
Victor has been a long standing member of FEI Canada, including involvement with the Vancouver Chapter, Toronto Chapter, a past President and Director of the Hamilton Chapter and Vice Chair of FEI Canada's Committee on Corporate Reporting (CCR). Victor has also contributed professionally in leadership roles as an active Member of the Canadian Institute of Chartered Accountants (CICA) and was elected a Fellow of the BC Institute of Chartered Accountants in 1990 and of the Ontario Institute of Chartered Accountants in 2006.
Prior to accepting the position of President and CEO of FEI Canada, Victor was Vice President of Finance and CFO of Chemtrade Logistics. During his tenure Vic completed multiple financing projects for Chemtrade, raising $323 million in public financing and $125 million in debt to support three significant acquisitions, increasing market cap by approximately 300% since its IPO.
Vic's current business advisory roles include, Trustee for Canada Cartage Diversified Income Fund, Director of Student Transportation of America Inc. and of MagIndustries Corp. since 2006 and Member of the AIG Excess Casualty Advisory Board since 2004. He has also completed in 2006 the Directors Education Program developed by the Institute of Corporate Directors and the Rotman School of Management. From 1991 to 2001, Vic has held numerous CFO and Vice President positions for Tahera Diamond Corporation, Anvil Range Mining Corp., TVX Gold Inc. and Abitibi-Price Inc.
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We are most grateful to Victor for accepting the President and CEO role at FEI Canada while it proceeds with its search for a permanent President. Our agenda remains full for the next several months as we are committed to continuing our tradition of providing exceptional value to all our members. We are confident that Vic Wells will provide the leadership required to drive the FEI Canada strategic plan going forward.
Yours truly,
Kathy Stevenson
Chairman of the BoardChair, FEI Canada
Canadian Financial Executives Research Foundation (CFERF) |
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CFERF - Winner Takes All
The Canadian Financial Executives Research Foundation (CFERF) is pleased to announce the successful applicant to its second RFP for Research Grants this fiscal year.
As you may recall, our first Award – for Best Conference Paper was granted to Dr. Michael Gibbins, FEIC member and Mr. Bradley Pomeroy both from the Alberta School of Business, University of Alberta, Edmonton for their paper "Academic Research and Issues Raised by CFO's about Corporate Reporting Beyond GAAP Financial Statements". Their paper will be distributed at the FEI Canada Conference, June 6- 8 in Halifax. Their paper will also be posted on the FEI Canada website during that time.
The winner of the second RFP for a $10,000 Research Grant is Dr. Raili Pollanen, Assistant Professor, Accounting from the Eric Sprott School of Business at Carleton University in Ottawa. Her research proposal is entitled "Implementing Regulatory Internal Control Requirements: Enterprise Systems Perspective". This proposal requires a survey of the FEI Canada membership which will occur later this year. The final paper will be released in the spring of 2008.
"We are very pleased to receive the attention of the financial academic community this early in the establishment of CFERF", says Heather Bell, Executive Director of CFERF. "We have been up and running for just over a year now, have just received our charitable status and started to get our name out in the public realm. We are very excited about the responses we have had to our RFPs", says Bell.
For more information of CFERF, please visit the FEI Canada website and click on the CFERF logo.
Upcoming Events
Sponsored by 
Risk Management in Canada: What CFOs Need to Know
REGISTER NOW for our next National Breakfast Seminars series in June. As the risk marketplace changes and expands, organizations are more and more concerned about managing their risk and using it to develop their business strategy. Investors are also placing greater importance on governance, reputation and the reliability of a business as they make decisions, and senior executives and boards are increasingly being held accountable. These high expectations affect CFOs in particular, who have no choice but to be more balanced on understanding and mitigating risk, as well as looking at performance in order to protect and reward all stakeholders.
In a series of surveys conducted by Ernst & Young, attitudes towards risk management were explored from the perspective of investors, senior executives, audit committees, and boards of directors. This presentation will explore some of the practical results, and help CFOs understand how to move beyond simply assessing risk, to the point where they can implement--and sustain--an effective risk management program.
Who has the ultimate responsibility for risk, and how do you embed a risk framework into the organization?
- What roles do boards expect CFOs and CEOs to play in risk management?
- How can CFOs better understand and mitigate the risks related to financial reporting? Financial close? Revenue recognition?
- What effect will transactions have on financial planning?
- How will good risk planning improve a company's valuation?
For more information dates and a location near you, or to register click here.
IFRS news – CICA Conference on International Financial Reporting Standards |
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Go to the IFRS Continuing Education Web Community for complete conference details and on-line registration, and for information on the IFRS self-study programme: www.cpd.cica.ca/IFRS
JUNE 11-12, 2007
Holiday Inn on King
Toronto, ON
WHO SHOULD ATTEND:
This conference is a must for Chief Financial Officers, Audit Committee members, Public Accountants and Auditors, Vice Presidents of Finance, Controllers or Assistant Controllers, Regulatory Compliance Officers, Securities Industry Regulators, Financial Analysts, Directors of Finance and Corporate Accounting, and Corporate Managers of Financial Reporting and Accounting.
PROGRAM OUTLINE:
The target has been set…IFRS by 2011! How you get there is, to a large extent, up to you. Finding the right path that ensures your organization is prepared may be one of the biggest financial reporting challenges you will face in the coming years. Many have begun reviewing the process and are realizing that to meet the deadline, and ensure that the abundance of details are adequately addressed, means getting underway now. The conference will include technical sessions and insight from jurisdictions that have made the shift to IFRS, to help you prepare for, and define, your path to convergence.
CONFERENCE WEB COMMUNITY:
This exclusive website is the hub for the most current information relating to the Conference. Any new details, promotional brochures, on-line registration, Conference Xtensions, and Conference Sponsors will be posted here first!
TUITION FEES:
$1,195 (plus GST) Conference only
$1,495 (plus GST) Conference plus your choice of one concurrent workshop
CFO TV – programming schedule
- Revised National Instrument 52-109: Summarizing the Internal Control Rules and What They Mean to You
- The Agile CFO: Supporting the CEO's Innovation Agenda
- Being the Best: Insights from Leading Finance Functions
- Say Goodbye to Canadian GAAP: Update on the Adoption of IFRS in Canada
- Pension Risk: The Link Between HR and Finance
- The First Value Added Tax Rate Change
- Workforce Effectiveness - The Role of the Finance Function
- The Changing Canadian M&A Market
- Income Trusts in Canada - A Corporate Finance Perspective
- FEI Canada Toronto Chapter - CEO Night
- The CFO's Accountability for Risk
- IT Fraud and the Finance Function
- Succeeding at C Level
- Future of Corporate Taxation in Canada
- North American Rendezvous Conference 2005 Session Videos
- North American Rendezvous Conference 2005 Expert Interviews
- Understanding 52-111
- Managing Pension Risk
- 2005 CFOY™ Award Gala Interviews
Please note that attendance at FEI Breakfast Seminars and our Annual Conference qualifies for Continuing Professional Development credits.
Membership Services
The Economics of Affinity
The Member Value Program (MVP) is reborn as "The Affinity Centre".
Access to discounts on products and services available to members can be decisive in the member's decision to join FEI Canada or renew their membership. It is the economic side of your membership.
With opportunities to save money on things like special rates from thePersonal on home & auto insurance, discounted Blue Jays tickets and special offers from the Ottawa Senators, your membership brings value on a personal level. We have also highlighted those programs available through FEI US including Hertz, AVIS and Starwood Hotels.
As we add partners in the coming months, some will benefit you and some will benefit your company, like the discounted price on Toronto Board of Trade memberships. This will become a strong argument in favour of a company paying your professional dues.
Watch for a member survey in the coming months as we endeavor to meet the needs of our members in this area.
For more information on these programs or if you want to become an Affinity Provider with FEIC, contact: Christopher Sheedy, Director, Membership & Chapter Relations
csheedy@feicanada.org or at 416-366-3007 x5103
May's Featured Affinity Partner
FEI Canada Corporate Discount Program
Thanks to our association with The Personal Insurance Company, you could save money on your home and auto insurance.
The Personal offers you preferred group insurance rates because you are a member of Financial Executives International Canada.
These rates are not available to the general public – and they're on top of the savings you earn as a good driver and responsible property owner!
The Personal is there for you:
- A leading direct insurance company – means you deal direct with one company, no middleman
- In business since 1974, The Personal has the financial strength and experience to meet the needs of our customers
- Fast, efficient service and easy online access
- Convenient extended hours - weekdays 8 to 8 and Saturdays 8 to 4
- 24/7 Emergency Claims Assistance – for help when you need it most
- Simply get an online auto quote at www.thepersonal.com/fei or call The Personal at 1 888 476-8737.
Plus, just for getting a quote on your auto or home insurance before December 31, 2007, you will be automatically entered for a chance to win 1 of 2 $25,000 cash prizes.
You choose how you want to spend it.
If you are already insured with The Personal you have been automatically entered into the contest. It's their way of saying thanks!
New Member Welcome
A warm welcome to 32 new members who joined in May 2007! Our thanks to all the members who have recommended their colleagues and friends.
Thanks also to members who have renewed. Special Thanks to those who opted to give a $75.00 charitable donation to CFERF.
Mr. Dan Amadori,
President, Lamerac Financial Corp.,
Toronto Chapter
Mr. Ross Corcoran,
Vice President, Finance & Chief Financial Officer, My Virtual Model Inc.,
Québec Chapter
Mr. James W.A. Crawford,
Chief Financial Officer, Surespan Group of Companies,
Vancouver Chapter
Mr. David Dean,
Vice President, Finance, Wescast Industries Inc.,
Hamilton Chapter
Mr. Jason F. Gorel,
Chief Financial Officer, BCS Global Networks Ltd.,
Toronto Chapter
Ms. Cynthia L. Hansen,
Vice President, Finance, Enbridge Pipelines Inc.,
Edmonton Chapter
Mr. Gordon Heard,
Consultant, The Finance Group,
South West Ontario Chapter
Mr. Perry Hromadka,
Controller, Hercules Tire Company of Canada Inc.,
South West Ontario Chapter
Mr. Kent James,
Vice President, Finance & Administration, Konica Minolta Business Solutions (Canada) Ltd.,
Toronto Chapter
Mr. Garth E. Johnson,
Chief Financial Officer & Director, TAG Oil Ltd.,
Vancouver Chapter
Mr. Donald Kimak,
Chief Financial Officer, BioMS Medical Corp.,
Edmonton Chapter
Mrs. Jean A. Kimpton,
Controller, Prince Edward Island Business Development,
Atlantic Chapter
Mr. Narin Kishinchandani,
Director, Finance & Control, Enbridge Gas Distribution Inc.,
Toronto Chapter
Mr. Glenn R. Leduc,
Chief Financial Officer, Empire Maintenance Industries Inc.,
Québec Chapter
Mr. H. Joseph Lord,
Vice-President, Finance & Administration, Minas Basin Pulp and Power Company Limited,
Atlantic Chapter
Mr. Gary W. McCracken,
President, McCracken & Partners Executive Search Inc.,
Toronto Chapter
Mr. Ian A. McLeod,
Senior Vice President, Finance & Administration, Metroland Media Group Ltd.,
Toronto Chapter
Ms. Marguerite E. Middleton,
Director of Finance, PEI Business Development Inc.,
Atlantic Chapter
Ms. Dianna Murray,
Controller, ADI Group Inc.,
Atlantic Chapter
Mr. Graham D. Neil,
Director of Finance, Vasogen Inc.,
Toronto Chapter
Mr. Cliff Neufeld,
Vice President, Finance & Administration, Thompson Rivers University,
Vancouver Chapter
Mr. Mark D. OKeefe,
Vice President, Finance, Atlantic Turbines International Inc.,
Atlantic Chapter
Mr. F. George Orr,
Chief Financial Officer, Sweetwater Capital Corporation,
Vancouver Chapter
Mr. Ankur Parmar,
Country Head – Canada, Infosys BPO,
Toronto Chapter
Ms. Pauline R. Pasetka,
Controller, Quest Capital Corp.,
Vancouver Chapter
Mr. Frank Pong,
Director, Corporate Finance, Canada Pension Plan Investment Board,
Toronto Chapter
Mr. David Purewal,
Director, Risk Management & Accounting, FundSERV Inc.,
Toronto Chapter
Mr. Francisco J. Quiroga, Sr.,
Controller Asia, Pacific, LATAM & Canada, PRG - Schultz Canada Corp.
Toronto Chapter
Mr. Roy E. Shannon,
Chief Financial Officer, Aqua-Pure Ventures Inc.,
Calgary Chapter
Mr. Craig Sheldon,
Asst. Vice President of Finance & Treasurer, James Richardson International Limited,
Winnipeg Chapter
Mr. Peter R. Smith,
Vice President, Finance, Independent Electric & Controls Ltd.,
Edmonton Chapter
Ms. Sharon E. Sparkes,
Vice President, Finance & Chief Financial Officer, Newfoundland Labrador Liquor Corporation,
Atlantic Chapter
Mrs. Theodora Stavropoulos,
Director, ABL, Corp. Finance Division, BMO Bank of Montreal,
Québec Chapter
Mr. Richard Tremblay,
Controller, Tembec Inc.,
Québec Chapter
Ms. Angela M. Yap,
Corporate Controller, Anthem Properties Group Ltd.,
Vancouver Chapter
Members in the News
Keith R. Fraser
(Atlantic Chapter) is now the Chief Financial Officer of Ocean Contractors Limited
Donald J. Thompson
(Regina Chapter) has been promoted to Chief Financial Officer of SGI Canada.
Robert Moreau
(Atlantic Chapter) is the Vice President, Finance & Information Technologies of Assumption Life.
Janet R. Imeson
(Atlantic Chapter) is now the Vice President, Finance & Administration of New Brunswick Investment Management Corporation.
Richard R. Godfrey
(Vancouver Chapter) is the Chief Financial Officer of Sherwood Copper Corp.
Neil Morley
(Atlantic Chapter) has been promoted to Vice President & Chief Financial Officer of Clarke Inc.
Kristen Bibby
(Calgary Chapter) is the Vice President, Finance & Chief Financial Officer of Petrolifera Petrolium Limited
Terene Tharagan
(Calgary Chapter) is now the Director, Strategic Financial Analysis of Canadian Pacific Railway Limited
Joseph Trombino
(Quéec Chapter) formerly of Zoom Media Inc. is now the Vice President, Finance & Chief Financial Officer of Positron Technologies Inc.
Tom P. Dimitriou
(Calgary Chapter) is the Director, Corporate Reporting of Agrium Inc.
Dale W. Mulek
(Edmonton Chapter) is now the Program Prime Finance of Telus Communications
Paulette L. Kennedy
(Toronto Chapter) has been promoted to the position of Senior Vice President & Chief Financial Officer of AEGON Canada Inc.
Surendra E. Bungaroo
(Toronto Chapter) is now the Associate Director, Finance & Administration of Access Copyright, The Canadian Copyright Licensing Agency.
Stewart Hardacre
(Toronto Chapter) is the Executive Director of McMillan Binch Medelsohn
Mark D. Gow
(Calgary Chapter) has been promoted to Vice President Finance of Fording Canadian Coal Trust
Fraser B. Sinclair
(Toronto Chapter) is now the Vice President, Finance and Chief Financial Officer of North American Palladium Ltd.
Ronald M. Tweddle
(Vancouver Chapter) is the President of Universal Gift Mart.
Stephen R. Farrell
(Québec Chapter) has been promoted to President & CEO of Uniboard Canada Inc.
Phil A. Jameson
(Toronto Chapter) is now the Chief Financial Officer of The Foray Group.
Résumé Bank
POST YOUR RÉSUMÉ: For FEI members only Make sure Canadian recruiters know who you are! Just 15 minutes is all it takes to complete your Professional Profile and upload your resume. Why not do it today?
FEI MEMBERS: Register for National Career Services by completing your Professional Profile in the Resume Bank. Once we receive your information, a career services representative will confirm your registration and provide additional information about the benefits of the National Career Services program.
SEARCH RÉSUMÉS: For FEI members, retained recruiters and qualified prospective employers Looking for the best senior-level financial talent online? You just found it. Available to retained search firms and qualified employers, the FEI Resume Bank features top-line talent at competitive subscription rates. Check out the details. Then register today!
For more information on this and other jobs and how to apply, visit the FEI Canada Job Center at
http://www.feicanada/careers/jobcenter/
The FEI Canada Job Center is a members-only benefit, Click here to join FEI now
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Copyright © 2006 by Financial Executives International Canada (FEIC).
All rights reserved. This content is owned by FEIC. This information may be downloaded once but may not be further reproduced, publicly distributed, publicly displayed or otherwise used by any person or entity without approval from Financial Executives International Canada (www.feicanada.org).