OPTrust President and CEO Hugh O’Reilly joins the Canadian Coalition for Good Governance Board of DirectorsPosted: June 13, 2017
TORONTO, June 13, 2017 – OPTrust President and CEO Hugh O’Reilly has been elected to the Board of Directors of the Canadian Coalition for Good Governance (CCGG).
The CCGG promotes good governance practices within Canadian public companies and works to ensure that the regulatory environment aligns in the best interests of long-term shareholders. They play a critical advocacy role in Canada and around the world by commenting on proposed regulatory changes.
“I’m honoured to have the opportunity to serve on the Board of Directors at the CCGG,” said OPTrust President and CEO Hugh O’Reilly. “OPTrust believes good governance practices support stronger long-term performance and enhance value. These outcomes align very closely with the interests of our members and I’m looking forward to contributing to the excellent work done by the CCGG in this regard.”
The CCGG’s membership consists of institutional investors, including pension funds, mutual funds and third-party money managers, who are invested in publicly listed Canadian companies. Together, members of the CCGG manage approximately $3 trillion in assets.
OPTrust is a long-term member of the CCGG, with executive members participating on the board and committees periodically since 2005.
With net assets of $19 billion as at December 31, 2016, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 90,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.
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