Canada Deposit Insurance Corporation

The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures Canadians’ savings in case their bank or other CDIC member institution fails or goes bankrupt.

CDIC is governed by an 11-person Board of Directors made up of the Chairperson, five Directors from the private sector and five public sector Directors. The public sector Directors include the Governor of the Bank of Canada, the Deputy Minister of Finance, the Superintendent of Financial Institutions, a Deputy Superintendent of Financial Institutions or an officer of OSFI, and the Commissioner of the Financial Consumer Agency of Canada.

Day-to-day management of CDIC is done by its Corporate Officers. The President and Chief Executive Officer (CEO) is the executive head of CDIC’s management. The President and CEO provides a link between the Board of Directors and CDIC employees.

Organisational Structure

Executives

President and CEO, Guy Saint-Pierre

Vice-President, Insurance and Risk Assessment, Michèle Bourque

Vice-President, Corporate Affairs, General Counsel and Corporate Secretary, M. Claudia Morrow

Vice-President, Finance and Administration and Chief Financial Officer, Thomas J. Vice

Board of Directors

Chair of the Board, Bryan P. Davies

Private Sector Director, Les Cannam

Private Sector Director, Nancy Lockhart

Private Sector Director, John McFarlane

Private Sector Director, Éric Pronovost

Private Sector Director, Shelley M. Tratch

Ex Officio Director, Bank of Canada, Mark Carney

Ex Officio Director, Bank of Canada, Pierre Duguay (Alternate)

Ex Officio Director, Department of Finance, Rob Wright

Ex Officio Director, Department of Finance, Jeremy Rudin (Alternate)

Ex Officio Director, OSFI, Julie Dickson

Ex Officio Director, OSFI, Ted Price

Ex Officio Director, FCAC, Ursula Menke

This article is part of the Revolving Door project of Spinwatch.

Resources

• CDIC, How CDIC Is Run, accessed 31 March 2009.