On July 4, the Ontario Securities Commission has announced the composition of its Small Business Advisory Committee. The committee will advise the OSC on securities regulatory issues facing small and medium-sized businesses.
The SBAC members will serve two-year terms and will meet four to six times each year. The first meeting of the SBAC is scheduled for November 19.
The confirmed members of the SBAC are:
- Allan S. Bronstein, Partner, Aird & Berlis LLP
- Maria V. Casano, Partner (Quality Assurance), BDO Dunwoody LLP
- Kevan Cowan, Vice President, TSX Venture Exchange
- Gary A. Fitchett, President, CEO & Chairman, IBI Corporation
- Paul E. Heney, Lawyer, Aylesworth Thompson Phelan O’Brien LLP
- William R. Johnstone, Director, Listed Company Association and Lawyer, Johnstone & Company
- William Oates, Chief Financial Officer, e3m Investments Inc.
- Margo Paul, Manager, Corporate Finance Branch, Ontario Securities Commission
- Ian CW Russell, Senior Vice President, Industry Relations and Representation, Investment Dealers Association
- Andrew Stevenson, President, Angel Investors Canada
- Richard S. Sutin, Partner, Ogilvy Renault
- Catherine Swift, President, CEO & Chairwoman, Canadian Federation of Independent Business; and
- James G. Webster, Vice President, Equity, RoyNat Capital
The SBAC will advise OSC staff on issues arising from the implementation of the recently-revised Exempt Distributions rule and will also serve as a forum for continuing communication between the OSC and small and medium-sized businesses.
“We believe that the SBAC will play a critical role in assisting us in understanding and addressing on-going issues that face small and medium- sized businesses,” said Margo Paul, OSC Manager in the Corporate Finance Branch.