Financial Planners Standards Council Restructures Board of Directors
June 27, 2002, Toronto
– Financial Planners Standards Council (FPSC) at its annual meeting of members last week restructured its Board of Directors using the Policy Governance or Carver Model. The Model frees current directors to focus exclusively on strategic policy issues.
The number of directors representing founding member organizations was reduced from 14 (two representing each of the seven founding organizations) to seven, and four independent directors.
"The restructuring marks a coming of age for FPSC," says John Carpenter, the Council's Past Chair and a driving force behind the restructuring. "With an excellent staff in place, the Board no longer needs to roll up its sleeves and help address operational issues. It can now focus fully on strategic policy issues."
"Serving and anticipating the needs of all our stakeholders have always been major elements of our mandate," says FPSC President Don Johnston. "The inclusion of four new independents to the Board brings important new perspectives to the table."
FPSC's current Board consists of the following:
Garry Duncan CFP, CA representing The Canadian Institute of Chartered Accountants (Vice Chair)
Keith Costello representing The Canadian Institute of Financial Planning
Paul Duncan CFP representing Credit Union Institute of Canada
Bob Fleischacker CFP, CH.F.C., CLU, RHU representing Canadian Association of Insurance and Financial Advisors
Cynthia Kett CFP representing The Canadian Association of Financial Planners
Margaret Koniuck CFP, CGA representing CGA-Canada
Don Nilson CFP, CMA representing CMA-Canada
Our independent directors:
Dr. George Athanassakos, Professor of Finance with Wilfrid Laurier University
Alastair Rickard, VP Financial Planning Services with Clarica
Mark Thomas CFP, Independent Financial Planner
Peter Volpé CFP, Senior VP with Integra Capital Financial Corp.
And senior directors:
Michael Lem CFP, CMA - Chair, and financial consultant with Nesbitt Burns
John Carpenter FICB, FCGA - past Chair, and Executive Director and CEO of CGA-Alberta
Don Johnston FCA - President, Financial Planners Standards Council
Financial Planners Standards Council is the not-for-profit organization dedicated to protecting Canadian consumers by establishing and enforcing education and ethics standards for financial planners who earn the Certified Financial Planner designation. There are currently more than 14,000 planners licensed to use the CFP marks in Canada, and approximately 70,000 CFP professionals in 17 countries around the world.
CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planners Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.
are certification marks