Applications for the SRO's representative on CDS's board are due by Aug. 18
Pamela Steer takes over the role while Vadim Gracie is the new vice chairman
The two bring “a wealth of financial and capital markets experience that enhances the bench strength of the board,” the firm states
The investors are suing 16 directors claiming negligence, breach of fiduciary and statutory duties, and that the directors’ actions were oppressive
Kroner has been a senior managing director at BlackRock, while Clark has experience with the province of Ontario and the University of Alberta
The regulator is starting its review with a sample of boards from federally regulated financial firms of different sizes and business models
Gender diversity on corporate boards is slowly improving
Directors can play an important role in engaging their companies’ significant investors
Proposed amendments would require firms to report on efforts to include women on corporate boards
Sarah Davis brings experience, diversity