Chair & Commissioners
We have two executive and eight independent commissioners:
Executive Commissioners
- Brenda M. Leong, Chair and Chief Executive Officer
- Brent Aitken, Vice Chair
Independent Commissioners
The commissioners have overall responsibility for administration of the Securities Act. The basic test governing the exercise of discretion under the Act is the public interest.
Commissioners perform four functions:
- Serve as the BCSC's board of directors
- Make rules (with the consent of the Minister responsible for the Securities Act), and issue guidance, to regulate the securities industry
- Oversee the self-regulatory organizations, exchanges, and other marketplaces
- Act as an administrative tribunal and make regulatory decisions under the legislation
As members of an administrative tribunal, commissioners form hearing panels to:
- Adjudicate enforcement cases brought forward by staff and, when appropriate, impose regulatory sanctions
- Review regulatory decisions made by BCSC staff, exchanges, or self-regulatory organizations, upon application by BCSC staff or persons affected by the decision
Brenda M.Leong, Chair and Chief Executive Officer
Executive commissioner
First appointed: October 2009
Expiry of appointment: no date specified
Prior to this appointment, Ms. Leong was the chief operating and chief enforcement officer of the BCSC, responsible for overseeing the financial and administrative affairs of the commission. She has successfully initiated and delivered results for all of the BCSC’s operating divisions, implemented significant service enhancements, and built strong relations with securities regulators in other provinces through the Canadian Securities Administrators. Brenda M. Leong holds a Bachelor of Commerce in Finance from the University of Alberta, Edmonton and a Bachelor of Laws from Osgoode Hall Law School, Toronto.
Brent W. Aitken, Vice Chair
Executive commissioner
First appointed: October 1995
Expiry of current appointment: no date specified
Brent Aitken is a graduate of the Faculty of Law at the University of Alberta. For 10 years he practiced law in Calgary, focusing on corporate and securities law, including mergers and acquisitions. During this period Mr. Aitken acted as counsel to the Alberta Securities Commission on a one-year secondment, and taught securities regulation and corporate finance at the University of Alberta and the University of Calgary law schools. Mr. Aitken then joined Canadian Airlines International Ltd., where he held a number of senior executive positions until the end of 1992. Appointed as an independent commissioner in 1995, Mr. Aitken became an executive commissioner in 1999, and Vice Chair in 2002.
Bradley Doney, Commissioner
Independent commissioner
First appointed: April 2008
Expiry of current appointment: December 31, 2013
Brad Doney is a lawyer and former general counsel, director, and senior vice-president of Merrill Lynch Canada Inc. and Midland Walwyn Capital Inc. He previously was manager of market policy for the Toronto Stock Exchange. More recently, he has been a member of the Pacific District Council of the Investment Dealers Association (IDA). Mr Doney has served on disciplinary panels for three Canadian self-regulatory organizations. He has also provided expert witness and consulting services on securities market issues. He received his LLB from Queen's University. Mr. Doney is a member of the Commission's Human Resources Committee.
Judith Downes, Commissioner
Independent commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2015
Ms. Downes is a lawyer and recently retired partner in Bull Housser & Tupper’s corporate finance and securities group. She was also an active member of its business law and mining groups. She has experience in structuring and negotiating mergers and acquisitions and all types of equity and debt financings for both public and private entities. She provided advice on a wide range of securities regulatory matters including corporate governance, continuous disclosure obligations, incentive and compensation plans and general corporate matters. Ms. Downes has also been a contributing author on The Continuing Legal Education Society of BC’s British Columbia Company Law Practice Manual – Securities Law Issues in Corporate Procedures section. She has an LLB from the University of British Columbia. Ms. Downes is a member of the Commission's Human Resources Committee.
George C. Glover, Jr., Commissioner
Independent commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2015
Mr. Glover was the former Managing Partner for Fasken Martineau DuMoulin LLP (Toronto office). He practiced business law, with a focus on governance, securities, mergers and acquisitions, and financial institution law across a broad range of businesses. He acted as principal Canadian Counsel on a large number of significant Canadian and international transactions. More recently, Mr. Glover was an Adjunct Professor and Director for the Business Law Clinic at the Faculty of Law of the University of Victoria, where he continues as Senior Adviser. Mr. Glover received his LLB from the University of Toronto. Mr. Glover is a member of the Commission's Audit and Governance Committees.
Kenneth G. Hanna, Commissioner
Independent commissioner
First appointed: July 2006
Expiry of current appointment: October 31, 2013
Ken Hanna is a graduate of the Faculty of Commerce at the University of Alberta and the Faculty of Law of the University of British Columbia. He is a retired corporate finance lawyer and corporate executive. He has served as a director and member of the Audit, Corporate Governance and Compensation Committees (Human Resources) of several public companies. He was previously Chairman on the Securities Policy Advisory Committee and the Securities Law Advisory Committee, served on the Boards of the Vancouver Stock Exchange and the Canadian Venture Exchange and was a public member of the Pacific District Council of the Investment Dealers Association. Mr. Hanna built the foundation for the current education program for directors and officers of junior issuers. Mr. Hanna is the chair of the Commission’s Governance Committee.
Audrey T. Ho, Commissioner
Independent commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2015
As the former Senior Vice President, Chief General Counsel and Corporate Secretary of TELUS Corporation, Ms. Ho led TELUS’ legal strategy to advance the company’s strategic objectives and business plans. She led TELUS’ legal and compliance teams and over 50 professionals, and played an integral role in the company’s major initiatives. Ms. Ho also championed the evolution of many TELUS board governance practices that have been externally recognized as exemplary by the Canadian business community. Currently, Ms. Ho is a member of the Advisory Committee to the Dean of the UBC Law School, on the National Centre for Business Law. Ms. Ho has a Bachelor of Laws from the University of Toronto. Ms. Ho is a member of the Commission's Governance Committee.
Gordon L. Holloway, BA, FCA, Commissioner
Independent commissioner
First appointed: March 2013
Expiry of current appointment: December 31, 2015
Gordon Holloway is a chartered accountant with over 30 years’ experience, serving investment, construction and transportation companies, real estate development and educational institutions, and not-for-profit organizations. He worked at Ernst & Young, McKnight Johnson, and KPMG Chartered Accountants, where he currently works as a consultant. Mr. Holloway has extensive volunteer experience including, serving as President of the Institute of Chartered Accountants of BC; and serving on the boards of the City of Abbotsford Economic Development Commission, the Abbotsford Chamber of Commerce, and the Abbotsford Community Foundation. He is a graduate of Simon Fraser (BA); the Institute of Chartered Accountants of BC; the KPMG International Partner Program at the Wharton School, University of Pennsylvania; and the Institute of Corporate Directors Program for Not-For-Profit Organizations.
Don Rowlatt, Commissioner
Independent commissioner
First appointed: April 2008
Expiry of current appointment: December 31, 2014
Don Rowlatt is an economist and, effective July 1, 2009, a retired professor of finance and assistant dean in the University of Victoria’s Faculty of Business. Mr. Rowlatt was previously vice-president of finance and operations at the University of Victoria, vice-president of administration for the University of Saskatchewan, and Saskatchewan’s deputy minister of Labour and associate deputy minister of Finance. He received a doctorate in economics from Princeton University and a bachelor of commerce in economics from the University of Saskatchewan. Mr. Rowlatt is the chair of the Commission’s Human Resources Committee and a member of the Commission's Audit Committee.
Suzanne K. Wiltshire, Commissioner
Independent commissioner
First appointed: July 2006
Expiry of current appointment: July 31, 2014
Suzanne Wiltshire is a graduate of McMaster University and the Faculty of Law at the University of Toronto. She has practised law in British Columbia, Alberta and Ontario and has a broad background in business law, corporate finance and corporate governance. She gained her significant experience in corporate and securities law working primarily in the natural resources sector, including as general counsel for Westar Group. Ms. Wiltshire also has extensive administrative law experience having worked as an arbitrator and as an adjudicator in a variety of settings, most notably through her past work on the Expropriation Compensation Board of British Columbia. She is a member of the Law Societies of British Columbia, Alberta and Ontario and is also a designated Chartered Arbitrator and a member of the British Columbia Mediator Roster, Civil. Ms. Wiltshire also currently serves as a part-time member of the British Columbia Farm Industry Review Board. Ms. Wiltshire is the chair of the Commission’s Audit Committee and is a member of the Commission's Human Resources Committee.
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