Auditing and Assurance Standards Oversight Council
Minutes of Meeting
June 18, 2018
The Auditing and Assurance Standards Oversight Council (AASOC) discussed and approved the appointment of a new AASOC member.
|Guests:||Stephenie Fox, Vice-President, Standards|
Bruce Winter welcomed everyone to the meeting and thanked them for attending this special meeting to approve a new member to AASOC.
Donna Bovolaneas provided a report on the due process followed by the Nominating and Governance Committee for finding a candidate to fill the vacant position on AASOC. The search was for an individual with a background in securities law. The Committee has been searching for a candidate since June 2017. No candidates were identified through the public-call process. Two names were brought forward by AASOC members and one candidate was interviewed by various Committee members. The other candidate was not available. Ms. Bovolaneas, Bruce Winter, and John Gordon shared their impressions of the candidate being recommended by the Committee for nomination approval. After a detailed discussion of the candidates’ attributes, as outlined in the Committee’s materials, all voting Council members present at the meeting unanimously approved the appointment of Janet Grove to the Council for a three-year term, from June 19, 2018, to March 31, 2021.
Cameron McInnis noted that the AASOC composition matrix was not attached in the materials provided and asked whether this was reviewed as part of the process. Mr. Winter indicated that the matrix had been reviewed during the deliberations as a key step in the recruitment process. It will be updated for the attributes of the new member and shared with members going forward.
Other Administrative Matters
The next AASOC meeting will be held on July 5, 2018, in Toronto.
There being no further matters to discuss, the meeting was terminated.