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Agency Details
(as on: Monday, November 23, 2009)
Ministry: FINANCE
Agency: ONTARIO FINANCING AUTHORITY
Agency URL: www.ofina.on.ca
Address: 14th Floor 1 Dundas Street West Toronto M7A 1Y7 ONT
Tel.: (416) 325-8000
Fax: (416) 325-8005
Background: Capital Investment Plan Act, 1993, S.O. 1993, c. 23, ss. 2(1) para. 1
Period: 15-NOV-1993 - N/A
Type: OPE
Prerogative: Mandatory Legislation; Premier's OIC
Function: The Ontario Financing Authority is responsible for arranging, coordinating and managing the borrowing, investment of funds and financial risk management activities on behalf of the Province, its Crown corporations and other public bodies, in the most cost-effective manner. It also provides efficient centralized cash and liability management services for the province, its Crown corporations and other public bodies and facilitates the development of financing investment in capital infrastructure.
Membership: The Authority consists of the members of its board of directors. The board is composed of a chair and at least four and not more than twelve other members. The Deputy Minister of Finance is, by virtue of office, chair. The other members are appointed by the Lieutenant Governor in Council, who also appoints one or more vice-chairs from among the members. If the chair is absent or unable to act or if the office of chair is vacant, a vice-chair acts as has all the powers of the chair. If the chair and vice-chair(s) are absent from a board meeting, the members present at the meeting appoint an acting chair from among themselves to act as and to have all the powers of the chair during the meeting. The Lieutenant Governor in Council, upon the recommendation of the minister, may appoint a chief executive officer to be responsible for operations and for the performance of such other functions as are assigned by its board of directors.
Term: A member holds office for a term not exceeding three years and may be reappointed for successive terms not exceeding three years each.
Meetings: The board of directors meets at least quarterly.
Agency: ONTARIO FINANCING AUTHORITY
Agency URL: www.ofina.on.ca
Address: 14th Floor 1 Dundas Street West Toronto M7A 1Y7 ONT
Tel.: (416) 325-8000
Fax: (416) 325-8005
Background: Capital Investment Plan Act, 1993, S.O. 1993, c. 23, ss. 2(1) para. 1
Period: 15-NOV-1993 - N/A
Type: OPE
Prerogative: Mandatory Legislation; Premier's OIC
Function: The Ontario Financing Authority is responsible for arranging, coordinating and managing the borrowing, investment of funds and financial risk management activities on behalf of the Province, its Crown corporations and other public bodies, in the most cost-effective manner. It also provides efficient centralized cash and liability management services for the province, its Crown corporations and other public bodies and facilitates the development of financing investment in capital infrastructure.
Membership: The Authority consists of the members of its board of directors. The board is composed of a chair and at least four and not more than twelve other members. The Deputy Minister of Finance is, by virtue of office, chair. The other members are appointed by the Lieutenant Governor in Council, who also appoints one or more vice-chairs from among the members. If the chair is absent or unable to act or if the office of chair is vacant, a vice-chair acts as has all the powers of the chair. If the chair and vice-chair(s) are absent from a board meeting, the members present at the meeting appoint an acting chair from among themselves to act as and to have all the powers of the chair during the meeting. The Lieutenant Governor in Council, upon the recommendation of the minister, may appoint a chief executive officer to be responsible for operations and for the performance of such other functions as are assigned by its board of directors.
Term: A member holds office for a term not exceeding three years and may be reappointed for successive terms not exceeding three years each.
Meetings: The board of directors meets at least quarterly.
| No. | POSITION | MEMBER NAME | TENURE | REMUNERATION | LOCATION |
|---|---|---|---|---|---|
| 1. | CHAIR (PART-TIME) | WALLACE, PETER | 15-SEP-2008 - N/A | OPS EMPLOYEE | TORONTO |
| 2. | VICE-CHAIR (PART-TIME) | BROWN, ROBERT D. | 20-APR-2005 - 19-APR-2011 | $550 PER DIEM | TORONTO |
| 3. | MEMBER (PART-TIME) | KOSTOFF, RICHARD | 06-JUN-2007 - 05-JUN-2010 | $500 PER DIEM | TORONTO |
| 4. | MEMBER (PART-TIME) | TEUBNER, DAGMAR | 13-JUN-2007 - 12-JUN-2010 | $500 PER DIEM | TORONTO |
| 5. | MEMBER (PART-TIME) | FERRARA, MARIO | 20-APR-2005 - 19-APR-2011 | $500 PER DIEM | NIAGARA-ON-THE-LAKE |
| 6. | MEMBER (PART-TIME) | BELL, LORRAINE D. | 05-OCT-2005 - 04-OCT-2011 | $500 PER DIEM | TORONTO |
| 7. | MEMBER (PART-TIME) | LAVELLE, PATRICK J. | 07-DEC-2005 - 06-DEC-2011 | $500 PER DIEM | TORONTO |
| 8. | MEMBER (PART-TIME) | HOWELL, PHILIP | 08-SEP-2009 - 07-SEP-2012 | OPS EMPLOYEE | TORONTO |
| 9. | CHIEF EXECUTIVE OFFICER | MAYMAN, GADI | 26-NOV-2003 - 20-JUL-2011 | OPS EMPLOYEE | TORONTO |
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