Pro-Demnity's Board of Directors is seeking a new independent Director to be recommended to our Shareholder for appointment at our March 2022 AGM. Applications due before November 26, 2021.
Pro-Demnity is seeking an independent Director with experience in digital governance, particularly InsurTech or FinTech. Our Board consists of 13 Directors, five of which are independent Directors from industries other than architecture and whose expertise and experience will assist the Board in fulfilling its responsibilities.
The present Board is made up of experienced directors, representing backgrounds in financial services, industry, professional services, and broad diversity, and many possess ICD.D certification. The Company is a Corporate Member of the Institute of Corporate Directors (“ICD”).
The term of a Pro-Demnity Board member has a maximum period of nine years, subject to annual re-election by the Shareholder. Board meetings (virtual) are held five times each year and Committees usually meet four times per year. If/when held in person, these meetings are usually in Toronto. Our Annual and General Meeting of our Shareholder is usually held before end of March, and attendance at that meeting is highly encouraged.
Directors are expected to serve on at least one of the Standing Committees (i.e., Conduct Review; Governance & Nomination Committee; Finance & Audit Committee; HR Committee), and may participate in any ad hoc committees of the Board. The committee assignments are driven by a combination of Directors’ expertise, succession planning within the Board, the Company’s future needs, peer evaluation, recommendations of the Conduct Review, Governance & Nomination Committee, and approval by the Board.
Pro-Demnity reimburses Board members for actual expenses incurred to fulfill their role (i.e. travel costs) and has a small annual education allocation for each Director. In addition, Directors receive an annual retaining and per meeting attendance fee.
- Experience in digital governance, particularly InsurTech or FinTech.
- Forward-thinking, with experience in ESG would fit in well with our Board and strategic direction.
- An understanding of property and casualty insurance, including professional liability, would be welcomed although this is not mandatory.
The selection process
The Committee will review all applications and select individuals for interviews. All applicants will be contacted regarding the status of their application. We will endeavour to complete the nomination process before February 22, 2022. Additional information will be shared with those selected for an interview.
Once the interview process is complete, the Board of Directors will recommend the candidate to the OAA, the Company’s sole Shareholder, for election to the Board. The Committee will verify personal references supplied in your application and will also conduct social media and criminal reference checks for the recommended candidate.
The successful candidate will be elected to the Board at the Pro-Demnity Annual General Meeting in late March 2022 and will be expected to attend scheduled meetings commencing on that day.
How to apply
Completed application packages must be submitted no later than November 26, 2021. Pro-Demnity is an equal opportunity employer and welcomes all applicants. If contacted for an interview, please inform us should accommodation be required.