The Ontario Securities Commission today announced the new line-up of members on its Small Business Advisory Committee (SBAC).

On July 4, 2002, The SBAC was established on July 4, 2002, to serve as a forum for communication between the OSC and small and medium-sized business. The aim was to assemble a group of individuals with diverse backgrounds and experiences who collectively would reflect the interests of smaller issuers. SBAC members serve two year terms and meet four to six times per year.

The 2005-2006 SBAC will include the following members:

  • Erez Blumberger, Assistant Manager, Corporate Finance, OSC (SBAC Chair);
  • Glenn Butt, President, FundTrade Financial Corp.;
  • Steve Callan, Assurance & Advisory Partner, Mintz & Partners LLP;
  • Ungad Chadda, Team Manager, Ontario Listed Issuer Services and National Manager, NEX, TSX Venture Exchange;
  • Andrew W. Kingsmill, Lawyer, Bennett Jones LLP;
  • Eric Lowy, General Counsel and Corporate Secretary, 724 Solutions Inc.;
  • Michele D. McCarthy, Lawyer, McCarthy Law;
  • Kelly E. Miller, National Senior Manager of Accounting Standards, BDO Dunwoody LLP;
  • Jason R. Moretto, Chief Financial Officer and Director, Eiger Technology Inc. and Newlook Industries Corp.;
  • Naomi Morisawa De Koven, Business & Securities Lawyer, Morisawa De Koven Professional Corporation;
  • W. Ian Palm, Partner, McCarthy Tétrault LLP;
  • Morley W. Salmon, Chairman of the Board, Limited Market Dealers Association of Canada; and
  • Peter Suma, Principal, Start Seed Capital Inc.

The OSC says the SBAC will provide OSC staff with the small business perspective on a myriad of issues ranging from the proposed national prospectus and registration exemption instrument to the recently implemented continuous disclosure rule.

“We believe that improving the quality of continuous disclosure is integral to the health and efficiency of our capital markets and we are looking to the SBAC to play an important role in our efforts to raise smaller issuers’ awareness of their continuous disclosure obligations,” said Erez Blumberger, Assistant Manager in the OSC’s Corporate Finance Branch and the Chair of the SBAC, in a release. “We are pleased to have been able to form a committee that includes so many diverse and interesting backgrounds. We look forward to receiving the insights of the SBAC,” added Blumberger.