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.

We have a chair, a vice chair and seven independent commissioners. The biographies of the chair and commissioners describe their relevant skills and experience. Each commissioner's total compensation and attendance record for each year is published in the commission's annual report. The commission has a policy for compensating independent commissioners.

Independent commissioners are members of one or more of three board committees.

 Brenda LeongBrenda M. Leong, Chair and Chief Executive Officer
First appointed: October 2009
Expiry of appointment: December 31, 2023



As Chair and Chief Executive Officer, Brenda Leong leads the BCSC to meet its strategic objectives and public interest mandate to ensure market integrity and investor protection. She has direct oversight of the offices of the Executive Director and General Counsel and is a member of the BCSC's governance, human resources, and audit committees. As a member of the Canadian Securities Administrators, North American Securities Administrators, and International Organization of Securities Commissions, Ms. Leong represents the BCSC on emerging issues in securities regulation.

Prior to taking on the BCSC's top job, Ms. Leong served as the Commission's executive director and chief enforcement officer from 2004 - 2009. She practiced corporate law with a Vancouver law firm earlier in her career.

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 Nigel CaveNigel P. Cave, Vice Chair
Executive Commissioner
First appointed: January 31, 2014
Expiry of current appointment: December 31, 2021


Mr. Cave was a former partner of the Vancouver office of Borden Ladner Gervais LLP, where he was the leader of that office’s Capital Markets group and a member of the firm’s management committee. He practiced business and securities law across a wide range of industries with a focus on corporate finance, mergers and acquisitions, corporate governance and advising capital markets participants including registrants, stock exchanges and self-regulatory agencies. Mr. Cave received his business and law degrees from the University of British Columbia.

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Independent Commissioners

 

Deb AbbeyDeb Abbey, Commissioner
Independent Commissioner
First appointed: March 2019
Expiry of current appointment: December 31, 2021


A former Portfolio Manager and CEO, Deb Abbey’s focus has been on financial due diligence through enhanced environmental, social and corporate governance risk analysis and disclosure. In 2000, after several years in the investment industry, Deb Abbey founded Real Assets Investment Management,and was the CEO and President of Real Assets, a Vancity Credit Union subsidiary. From 2013 to 2018, Deb Abbey was the CEO of the Responsible Investment Association, developing education and certification programs for the financial services sector. Deb Abbey was appointed to the Order of British Columbia in 2018.
 Ms. Abbey is a member of the Commission’s Audit Committee.

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Deborah ArmourDeborah “Deb” Armour, QC, Commissioner
Independent Commissioner
First appointed: February 2019
Expiry of current appointment: December 31, 2020


Deborah Armour was most recently Chief Legal Officer of the Law Society of British Columbia where she led the organization’s Professional Regulation Department overseeing areas including complaints, investigations and discipline. Prior to that she was Director of Legal and Compliance for Powerex Corp, responsible for legal services and implementing a regulatory compliance program. Before joining Powerex, Deborah worked as a Senior Vice President at Raymond James Ltd. and as General Counsel of the Canadian Venture Exchange. Deborah has taught Ethics at the UBC Allard School of Law. She holds a Law Degree from the Schulich School of Law at Dalhousie University. Ms. Armour is a member of the Commission’s Governance Committee.

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Judith Downes Judith Downes, Commissioner
Independent Commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2022


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 the chair of the Commission's Human Resources Committee and a member of the Audit Committee.

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 George C. GloverGeorge C. Glover Jr., Commissioner
Independent Commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2021


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 chair of the Commission's Audit Committee and a member of the Governance Committee.

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 Audrey HoAudrey T. Ho, Commissioner
Independent Commissioner
First appointed: January 2013
Expiry of current appointment: December 31, 2022


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. Ms. Ho has a Bachelor of Laws from the University of Toronto. Ms. Ho is the chair of the Commision's Governance Committee and a member of the Human Resources Committee.   

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 Jim Kershaw Jim Kershaw, Commissioner
Independent Commissioner
First appointed: February 2019
Expiry of current appointment: December 31, 2021


Mr. Kershaw is a lawyer (Ontario) and a Fellow of the Chartered Professional Accountants of British Columbia. He is currently Pacific Region Head for TD Wealth Private Wealth Management with responsibility for the investment management, private banking, private trust, wealth preservation and wealth advisory services teams. Prior to joining TD, he was a Partner with Davies, Ward and Beck in Toronto and a manager with KPMG in Vancouver. He received his LL.B from Queen's University and a Bachelors of Commerce degree from The University of British Columbia. He has been an active participant for many years in various advisory roles related to investment industry self-regulatory agencies. Mr. Kershaw is a member of the Commission’s Audit Committee.

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Marion ShawMarion Shaw, Commissioner
Independent Commissioner
First appointed: February 2019
Expiry of current appointment: December 31, 2020


Marion Shaw was a partner and the head of the Corporate Finance and Securities Law Group at Bull, Housser & Tupper LLP (now Norton Rose Fulbright LLP) in Vancouver until her retirement in 2017. Her legal practice focused on mergers and acquisitions transactions, equity and debt financing, corporate governance and regulatory compliance across a range of industries. Ms. Shaw received her law degree from the University of British Columbia. Ms. Shaw is a member of the Commission’s Human Resources Committee.

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