Chair & Commissioners
- Brenda M. Leong, Chair and Chief Executive Officer
- Brent W. Aitken, Vice Chair
- Nigel P. Cave, Vice Chair
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 Leong was appointed Chair and Chief Executive Officer in 2009. In that role, she 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, Brenda represents the BCSC on emerging issues in securities regulation.
Prior to taking on the BCSC’s top job, Brenda 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.
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.
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.
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.
Chris Farber is a securities lawyer with almost 20 years of experience including practice experience at a national firm, as CD Farber Law Corporation and as inside corporate counsel at a number of companies. He holds a BA in Economics (Victoria) and obtained a joint LLB/MBA (Toronto) in 1995. His practice and corporate counsel experience has been primarily in the areas of the resource, mining, tech and green energy industries. His most recent corporate counsel position was with a carbon offsets company with forestry projects in Canada, the United States and the Congo. Mr. Farber has been an active member of a number of community organizations.
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 Governance Committee and a member of the Audit Committee.
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 and Human Resources Committee.
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. Mr. Holloway is a member of the Commission's Audit Committee.
Don Rowlatt, 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 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. She is a member of the Law Society of British Columbia and is also a designated Chartered Arbitrator and a member of the British Columbia Mediator Roster, Civil. Ms. Wiltshire is the chair of the Commission’s Audit Committee and is a member of the Commission's Governance Committee.TOP