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.

Attendees:

Chair: Bruce Winter
Attendees:

Ian Bandeen
Kate Bewley
Donna Bovolaneas
Sheila Filion
John Gordon
Cameron McInnis
Neil Sinclair
Karen Stothers (non-voting)
John Walker

Regrets:

Carol Bellringer
Kevin Nye
Carol Paradine
Bruce West

Guests: Stephenie Fox, Vice-President, Standards
Secretary: Birender Gill

Chair’s Opening Comments
Report of the Nominating and Governance Committee

Chair’s Opening Comments

Bruce Winter welcomed everyone to the meeting and thanked them for attending this special meeting to approve a new member to AASOC.

Report of the Nominating and Governance Committee

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

Next Meeting

The next AASOC meeting will be held on July 5, 2018, in Toronto.

Termination

There being no further matters to discuss, the meeting was terminated.