Thank you to Our Sponsors - portfoliomanagement.org · Rob Barbara,, Burgundy Asset Management Rob Badun, AGF Investments Jamie Heward, CFG Heward Investment Management ... Insurance

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Thank you to Our Sponsors

PLATINUM SPONSORS

GOLD SPONSORS

SILVER SPONSORS

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Thank you to Our Speakers

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ICAC 2010 AGM

1.1. To approve the Minutes of the 2009 AGMTo approve the Minutes of the 2009 AGM

2.2. To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2010.for the fiscal year ended June 30, 2010.

3.3. To appoint the AssociationTo appoint the Association’’s auditors for the year ended s auditors for the year ended June 30, 2011.June 30, 2011.

4.4. To elect Directors of the Association. To elect Directors of the Association.

5.5. To receive the ChairmanTo receive the Chairman’’s Report.s Report.

6.6. To consider any other business.To consider any other business.

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ICAC 2010 AGM

1.1. To approve the Minutes of the 2009 AGMTo approve the Minutes of the 2009 AGM






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ICAC 2010 AGM

TreasurerTreasurer’’s Report s Report –– Financial Results 09/10Financial Results 09/10•• RevenueRevenue

•• 4% (over 08/09)4% (over 08/09)

•• Main increase in revenue:Main increase in revenue:

•• New Members (19) New Members (19)

•• Affiliate Members (Affiliate Members ( 29%)29%)

•• Sponsorship Income (Sponsorship Income ( 15%)15%)

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ICAC 2010 AGM

TreasurerTreasurer’’s Report s Report –– Financial Results 09/10 Financial Results 09/10

•• Expenses Expenses

•• 5 %5 %

•• Member Meetings/Seminars (Member Meetings/Seminars ( 26%) 26%)

•• Promotion/Brand Review (Promotion/Brand Review ( 49%)49%)

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ICAC 2010 AGM

TreasurerTreasurer’’s Report s Report –– Financial Results 9/10Financial Results 9/10•• Statement of Changes in Fund Balances Statement of Changes in Fund Balances

•• From $80K to $100KFrom $80K to $100K

•• Excess of Revenue over Expenses $20kExcess of Revenue over Expenses $20k

•• Concluding Remarks:Concluding Remarks:•• Tough year for industry and many industry associations but ICAC Tough year for industry and many industry associations but ICAC

revenues grew, reserves strengthened, and fees were maintained revenues grew, reserves strengthened, and fees were maintained at prior year rates at prior year rates

•• Board working on continued growth in membership to strengthen Board working on continued growth in membership to strengthen

capital reservecapital reserve

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ICAC 2010 AGM

1.1. To approve the Minutes of the 2009 AGM To approve the Minutes of the 2009 AGM





6.6. To consider any other businessTo consider any other business

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ICAC 2010 AGM







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ICAC 2010 AGM







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Election of Directors of Association

Nominating Committee Report 2010:Nominating Committee Report 2010:

Proposed DirectorsProposed Directors::Appointment for a three year term ending 2013:Appointment for a three year term ending 2013:Kevin LeBlanc, TD Asset Management Kevin LeBlanc, TD Asset Management

ReRe--electionelectionRob Barbara,, Burgundy Asset ManagementRob Barbara,, Burgundy Asset Management

Rob Badun, AGF Investments Rob Badun, AGF Investments

Jamie Heward, CFG Heward Investment ManagementJamie Heward, CFG Heward Investment Management

Barb Lockhart, McLeanBarb Lockhart, McLean BuddenBudden

John McCutcheon,John McCutcheon, BarrantaghBarrantagh Investment ManagementInvestment Management

Daniel Stoller, Cardinal Capital Management Daniel Stoller, Cardinal Capital Management

These 7 nominees are proposed as the slate of Directors to be These 7 nominees are proposed as the slate of Directors to be elected.elected.

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Departing Directors & Chairs

Thank You to Departing Director, Past Thank You to Departing Director, Past Chair: Chair:

Don Cranston Don Cranston

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Departing Directors & Chairs

Thank You to Departing Committee Thank You to Departing Committee Chairs: Chairs:

•• Jason Milne, Investment & Corporate Jason Milne, Investment & Corporate Governance CommitteeGovernance Committee

•• Jane Depraitere, AGM CommitteeJane Depraitere, AGM Committee

•• George Crowder, Communications George Crowder, Communications CommitteeCommittee

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ICAC 2010 AGM







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ICAC 2010 AGM

ChairmanChairman’’s Reports Report

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ICAC Chairman’s Report

Highlights of 2009/10 ICAC Significant Highlights of 2009/10 ICAC Significant

Activity Activity

Services/Activities Services/Activities

AdvocacyAdvocacy

GrowthGrowth

Brand Review Brand Review

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Services/Activities Services/Activities 2009/102009/10

CEO/President Networking Dinner (Oct/Apr)CEO/President Networking Dinner (Oct/Apr)

Compliance Network Compliance Network –– Continued to Grow in participation Continued to Grow in participation

(5 meetings/year/3 cities)(5 meetings/year/3 cities)

Compliance OfficersCompliance Officers’’ Network Network -- Topics & Guest SpeakersTopics & Guest Speakers

NI 31NI 31--103 Q&A (BLG, Miller Thomson, Chubb) 103 Q&A (BLG, Miller Thomson, Chubb)

OSC Annual Compliance Report (OSC) OSC Annual Compliance Report (OSC)

HST/GST (Ernst & Young)HST/GST (Ernst & Young)

AML regulation (FINTRAC) AML regulation (FINTRAC)


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Services/Activities Services/Activities 2009/102009/10

11 events/seminars during year (highlights)11 events/seminars during year (highlights)

NI 31NI 31--103 103 --Sept/09 & March/10 Sept/09 & March/10 -- 5 cities (Fasken Martineau) 5 cities (Fasken Martineau)

Insurance Coverage & Litigation Risks for Portfolio Managers Insurance Coverage & Litigation Risks for Portfolio Managers ––Jan/10 Jan/10

(Chubb, BLG)(Chubb, BLG)

Frank Casey Frank Casey ““Chasing Bernie MadoffChasing Bernie Madoff”” –– March/10March/10

Getting Ready for HST Implementation Getting Ready for HST Implementation –– Apr/10 (PWC)Apr/10 (PWC)

2 CEO Dinners (Mckinsey) 2 CEO Dinners (Mckinsey)

ACA/ICAC Compliance Benchmarking Webcast ACA/ICAC Compliance Benchmarking Webcast -- Apr/10 Apr/10

(ACA/Nexus/Scotia Asset)(ACA/Nexus/Scotia Asset)

Complying with Bill 168 Ontario Workplace Legislation (McMillan)Complying with Bill 168 Ontario Workplace Legislation (McMillan)

G20 Preparedness G20 Preparedness –– May/10 (RBC Dexia)May/10 (RBC Dexia)

Regulatory Update Regulatory Update –– June/10 (BLG) June/10 (BLG)


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Services/Activities 2009/10Services/Activities 2009/10

Updated & New Templates/GuidelinesUpdated & New Templates/Guidelines

Investment Management AgreementInvestment Management Agreement

Principles of Corporate Governance Principles of Corporate Governance

Employee Personal Trading GuidelinesEmployee Personal Trading Guidelines

New Conflict of Interest Disclosure Statement New Conflict of Interest Disclosure Statement

Endorsed CCGG Exec. Compensation Practices Endorsed CCGG Exec. Compensation Practices

Socially Responsible Investing GuidelinesSocially Responsible Investing Guidelines

Preferred Supplier PartnersPreferred Supplier Partners

E&O Insurance/FIB (Chubb/Sinclair Cockburn)E&O Insurance/FIB (Chubb/Sinclair Cockburn)

Group Employee Benefits (Baynes & White/GWL)Group Employee Benefits (Baynes & White/GWL)

IT Services (Frontline Technologies)IT Services (Frontline Technologies)


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Advocacy 2009/10Advocacy 2009/10

Federal Federal ––Continued to retain Ottawa lobby firm Prospectus Continued to retain Ottawa lobby firm Prospectus to assist in Federal lobbying activityto assist in Federal lobbying activity

GST/HST IssueGST/HST Issue

Ongoing Issues discussed in meetings:Ongoing Issues discussed in meetings:

Former Bill C10 Former Bill C10

Expanded Designated Stock ExchangeExpanded Designated Stock Exchange

Lowering of 150 Unit Holder Rule for Mutual Fund Lowering of 150 Unit Holder Rule for Mutual Fund Trust Status Trust Status

Several meetings MPs,Several meetings MPs, Dept. of Finance and Minister of Dept. of Finance and Minister of Finance, Parliamentary Secretary, etc..Finance, Parliamentary Secretary, etc..

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Federal Advocacy 2009/10Federal Advocacy 2009/10

PrePre--Federal Budget Submission Aug/10 & Federal Budget Submission Aug/10 & Presentation to Standing Committee on Presentation to Standing Committee on Finance October/10 Finance October/10

Ensuring Ongoing Strength of CanadaEnsuring Ongoing Strength of Canada’’s s Retirement Income System May/10Retirement Income System May/10

Parliamentary Secretary/Department of Parliamentary Secretary/Department of Finance (HST, FIEs, 150 unitholder etc.) Finance (HST, FIEs, 150 unitholder etc.) May/10May/10

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Provincial Provincial

AMF Submission CCOs of Derivative Portfolio Managers AMF Submission CCOs of Derivative Portfolio Managers (March/10)(March/10)

NI 24NI 24--101 Comment Letter Jan/10 101 Comment Letter Jan/10

Response to Consultation Paper 23Response to Consultation Paper 23--404 CSA/IIROC (Dark 404 CSA/IIROC (Dark Pools) Pools)

Semi Annual meetings with OSC to dialogue on key Semi Annual meetings with OSC to dialogue on key regulatory issuesregulatory issues

Focus Group Soft Dollar Rule/CSAFocus Group Soft Dollar Rule/CSA


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International International

ICAC became partners with CIFA 2008ICAC became partners with CIFA 2008

European based association with consultative European based association with consultative status with the United Nations Economic status with the United Nations Economic Council Council

Association of financial advisors who advocate Association of financial advisors who advocate effective regulation in the best interests of effective regulation in the best interests of investorsinvestors


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Growth 2009/10Growth 2009/10

Membership Membership -- 19 new ICAC members 19 new ICAC members

bringing total to 140+ bringing total to 140+

Expansion of Affiliate Members Expansion of Affiliate Members

Expanded Sponsorship SupportExpanded Sponsorship Support

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Brand ReviewBrand Review

Dec/09 Board Meeting Dec/09 Board Meeting –– review launchedreview launched

Brand Review Committee Brand Review Committee –– recommended name recommended name

change change

Oct/10 Special MembersOct/10 Special Members’’ Meeting Approved Name Meeting Approved Name

Change to:Change to:

Portfolio Management Association of Portfolio Management Association of

Canada/Association des gestionnaires de Canada/Association des gestionnaires de

portefeuille due Canadaportefeuille due Canada

November 10/10 November 10/10 –– PMAC Launch PMAC Launch

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Many thanks to our Committees & Current ChairsMany thanks to our Committees & Current Chairs

AGMAGM ––Jacqui Allard, MFC Global Jacqui Allard, MFC Global

Branding Committee Branding Committee –– David Kilburn, McLean Budden David Kilburn, McLean Budden

Compliance Officers' NetworkCompliance Officers' Network-- Debbie Foubert Debbie Foubert –– TD Asset Mgt. & TD Asset Mgt. &

Doug Ball, TD Asset Management Doug Ball, TD Asset Management

Member ServicesMember Services –– Andrew Martyn, Falcon Asset Mgt. Andrew Martyn, Falcon Asset Mgt.

Operation HeadsOperation Heads’’ NetworkNetwork -- Denys Calvin Denys Calvin –– Nexus Investment Nexus Investment

Management Management

Investment & Corporate GovernanceInvestment & Corporate Governance –– Jason Milne Jason Milne –– RBC Phillips RBC Phillips

Hager & North Investment Counsel Hager & North Investment Counsel

Industry, Reg. & TaxIndustry, Reg. & Tax –– Mark Pratt Mark Pratt ––Mackenzie FinancialMackenzie Financial

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Many thanks to our new Incoming Chair Many thanks to our new Incoming Chair

for Assuming a Leadership Roles for Assuming a Leadership Roles

Investment & Corporate Governance Investment & Corporate Governance

Committee Committee –– Valli Chettiar Valli Chettiar –– GreystoneGreystone

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Incoming Chairman’s Report

ICAC Board Plan 2010/11ICAC Board Plan 2010/11

PMAC PMAC ––Launch /Awareness Industry & Public Launch /Awareness Industry & Public

(11/12)(11/12)

Membership Criteria CommitteeMembership Criteria Committee

New Website New Website

More Seminars More Seminars

Regulatory/Compliance Assistance/Templates (eg. Regulatory/Compliance Assistance/Templates (eg.

Updated Policies & Procedures, Sample Referral Updated Policies & Procedures, Sample Referral

Agreements)Agreements)

ACA/ICAC Compliance Benchmarking SurveyACA/ICAC Compliance Benchmarking Survey

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Incoming Chairman’s Report

ICAC Board Plan 2010/11ICAC Board Plan 2010/11

Government Advocacy Government Advocacy

Ottawa Lobbying Ottawa Lobbying

Canadian Securities Regulator Canadian Securities Regulator

Services/Activities Services/Activities –– Preferred Supplier ProgramsPreferred Supplier Programs

Building Reserves Building Reserves

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ICAC 2009 AGM

ChairmanChairman’’s Reports Report

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ICAC 2010AGM







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Documents

Thank you to Our Sponsors - portfoliomanagement.org · Rob Barbara,, Burgundy Asset Management Rob Badun, AGF Investments Jamie Heward, CFG Heward Investment Management ... Insurance