INDEPENDENT FUND GOVERNANCE COMMITTEE
Burgundy treats compliance as a core value. Burgundy’s Code of Ethics is based upon some of the key principles of the Code of Ethics and Standards of Professional Conduct of the CFA Institute, which sets out specific standards of professional practice.
All employees are required to uphold the spirit of this document and confirm their understanding and acceptance of it on an annual basis as a condition of their employment. Our commitment to good governance is also evidenced through our membership in the Canadian Coalition for Good Governance (www.ccgg.ca
Independent Fund Governance Committee
includes experienced and well-respected members of the Canadian business and
investment community. The Committee’s mandate is to oversee all matters
involving conflicts, whether real or perceived, between Burgundy and our
Independent Fund Governance Committee Members
A copy of the annual Independent Fund Governance Committee’s Report to Unitholders is available upon request.
Richard (Rick) Arends, IFGC Chair
Rick Arends is Managing Director of IronCompass Management Services Inc. and provides strategic consulting services to companies in the areas of M & A and business operations. Previously Mr. Arends was President of CreditWorx Lending Solutions, a division of FIS, which provides technology lending solutions for major financial institutions in North America. Mr. Arends continues to provide ongoing consulting services to CreditWorx and FIS through IronCompass. Mr. Arends has successfully managed both start-up and established companies. He is the former CEO of Security Life Insurance Company Limited and has extensive financial experience through his years as the Chief Financial Officer of Counsel Trust, CanWest Trust and Morgan Trust in Canada. He was also one of the founders and Managing Directors of Lauridon Sports Management, Inc., which developed and managed sports and entertainment facilities. Mr. Arends holds undergraduate and MBA degrees from York University and is a Chartered Accountant.
Jim Carter retired in 2015 from Mercer, a subsidiary of Marsh & McLennan Companies. During his 27 years with Mercer, Jim focused on Investment and Retirement Consulting. He advised clients on the investment selection and ongoing monitoring of capital accumulation plans along with developing governance and investment structures for clients. He also advised clients on the design and administration of defined benefit and defined contribution pension plans. Previously, Jim’s experience included roles at BSI and Devitt McClure Ltd. Jim received a Bachelor of Mathematics degree from the University of Waterloo.
Kevin Feeney retired as CFO of XDM Royalty Corp., a private Canadian company focused on the underwriting and acquisition of royalties, streaming agreements and other project investments in the mining sector, in 2014. He has over 30 years of experience building and growing companies from a strategic, operational, and financial standpoint. Highlights of Kevin’s career include his roles as CFO in the publicly traded companies of Noront Resources Ltd, Trimark Financial Corp and Royal Trust Company as well as senior executive positions including Vice President of Finance and Investment Operations at Sun Life Financial Corporation and CFO at Saxon Financial and Labatt Breweries of Canada. Mr. Feeney received an Honours of Bachelor Administration degree from the University of Western Ontario and is a Chartered Professional Accountant.
Burgundy Asset Management Ltd. is incorporated under the laws of Ontario, Canada. Burgundy is registered in all the provinces of Canada as a Portfolio Manager. Burgundy is registered as an Investment Fund Manager in the provinces of Ontario, Quebec and Newfoundland & Labrador.
RBC Investor Services
Borden Ladner Gervais LLP