The role of a director

The role of a director of a financial institution in today's environment is demanding, complex, and multi-dimensional. Stakeholders (including regulators) expect and demand more from directors than in the past, and consequently the director's role, although very rewarding, is a challenging one.

Directors of BlueShore Financial bring to the Board a broad range of knowledge and depth of experience, as well as support for the values and focus of the organization. The Board of Directors provides guidance on long-range objectives, determines policy, and monitors the credit union’s progress. Day-to-day operations are the responsibility of Management.

Peter Leitch - Chair

Peter is the President of North Shore Studios and Mammoth Studios and Chair of the Motion Picture Production Industry Association of BC. He holds a Bachelor of Commerce degree from UBC and is a Chartered Professional Accountant and holds the Institute of Corporate Directors Director designation (ICD.D). Peter is a former Chair of the North Vancouver Chamber of Commerce and a former Director of the BC Chamber of Commerce.

He has also served on Canada Revenue Agency's Small Business Advisory Committee and Film Advisory Committee. Peter has been honoured with a fellowship by the Institute of Chartered Professional Accountants of BC and an honorary doctorate degree from Capilano University. Peter resides in North Vancouver.

Tenure: January 2011 - Present
Current Term: 2021 - 2024

Diana Chan - Vice Chair

Diana is a business owner and former executive in the credit union system, both in BC and nationally. Diana is a Director of the Whistler Institute for Learning Society. She is a Chartered Professional Accountant with extensive experience in human resources, finance and governance. Diana holds the Institute of Corporate Directors Director designation (ICD.D). Diana received her fellowship from the Chartered Professional Accountants of BC in 2018 and was presented with the Queen’s Diamond Jubilee medal in 2012. 

Diana is Chair of the Whistler Chamber of Commerce, a Director of the Whistler Institute for Learning Society and a Director and Past-President of Basketball BC. Diana has volunteered with various community boards including YWCA of Metro Vancouver and served as a trustee of the BC Credit Union Employees’ Pension and Benefits Trusts from 2013-2015. Diana resides in Whistler.

Tenure: April 2018 - Present
Current Term: 2018 - 2021

Allan Achtemichuk - Director

Allan has served as a Director for various corporate, community, sports and professional organizations. In addition to his role on the Board of Directors of BlueShore Financial, Allan is currently Director and Treasurer for a non-profit organization that provides housing to low income seniors in Vancouver. 

Early in his career Allan spent 20 years with KPMG and as partner, in both the Edmonton and Vancouver consulting practices. He later moved to industry and served in roles as CFO and/or CEO in three different manufacturing and distribution businesses in consumer products, food packaging, and specialty building products. 

Allan holds a professional accounting designation (CPA, CMA) and completed the ICD-Rotman Directors Education Program and certification exam to earn the Institute of Corporate Directors Director designation (ICD.D). He resides in North Vancouver.

Tenure: April 2010 - Present
Current Term: 2019 - 2022

Lynne Charbonneau - Director

Lynne is a judge on the World Bank Administrative Tribunal. She is the Chair of the Board of Directors of Actsafe Safety Association and serves on the Board of Directors of the Inuvialuit Development Corporation. She also serves on the Dean’s Advisory Committee for the Centre for Business Law at the Peter A. Allard School of Law at the University of British Columbia.

From 2005 until 2018, Lynne was Deputy General Counsel at HSBC Bank Canada. Prior to that, she was a partner of the Canadian national law firm, Fasken Martineau DuMoulin LLP, where she practiced in the field of corporate and securities law. Lynne’s previous volunteer work includes a dozen years in various Director and committee positions with the Heart and Stroke Foundation. She also served for seven years as a Director of the BC Medical Services Foundation and five years as a Director and pro bono legal counsel to the BC Chamber of Commerce. Lynne resides in North Vancouver.

Tenure: April 2019 - Present
Current Term: 2020 - 2023

Rod Dewar - Director

Rod Dewar is the former CEO of a $1.3B credit union and has held Chief Operating Officer and Senior Vice President responsibilities in the financial services and aviation business sectors. He has extensive insurance industry experience as well as wealth advisory and fund management experience, and held senior national operations responsibilities for a global airline. 

Rod holds the Institute of Corporate Directors Director designation (ICD.D). In addition to his BlueShore Financial Board responsibilities, Rod is involved with the British Columbia Automobile Association (BCAA) where he chairs the Audit and Conduct Review Committees and the Victoria Airport Authority where he chairs the Planning & Development Committee. Past Board positions include Chair of Credential Financial Inc., Chair of the BC Ferry Authority, NEI Investments Director, Chair of the Victoria Hospitals Foundation, Fundraising Chair Canadian Cancer Society, Royal Roads University School of Leadership Studies Advisory Council, and Chair of a Canadian PGA golf tournament. He was born and raised in North Vancouver where he still has family, and currently resides in Victoria.

Tenure: April 2017 - Present
Current Term: 2020 - 2023

Julie McGill - Director

Julie is an experienced private equity and venture capital investor with a track record of bringing together people and resources to successfully scale organizations. She is a Partner in BDC’s Women in Technology Fund, one of the world’s largest venture capital funds dedicated to investing in women-led technology companies. 
  
Previously, Julie was a Director with an industry leading North American private equity fund CAI Capital Management Co., and a Vice-President at Ernst & Young LLP. Through her work investing across a diverse range of both early-stage technology and mature companies, Julie brings a broad spectrum of operational, transactional, capital management and governance experience. Julie is a Chartered Professional Accountant, Chartered Business Valuator and holds the Institute of Corporate Directors Director designation (ICD.D). 
  
Julie sits on a number of private company boards and is an active member of the community. She is past Chair of Central City Foundation and is involved in several local youth and sport organizations. She holds a Bachelor of Commerce degree from McGill University. Julie resides in Vancouver.

Tenure: April 2016 - Present
Current Term: 2019 - 2022

Cybele Negris - Director

Cybele Negris is a successful entrepreneur and CEO & Co-Founder of Webnames.ca, Canada’s original .CA registrar. Cybele holds the ICD.D designation and has served on numerous education, not-for-profit, government and corporate boards over the past 15 years. She currently sits on the boards of the Royal Canadian Mint, BCAA and Science World. In addition, she holds the role of Vice-Chair of the Small Business Roundtable of BC and is part of the Departmental Audit Committee for Agriculture and Agri-Foods Canada. 
Cybele has earned many recognitions for her work and contributions including Canada’s Top 100 Most Powerful Women, PROFIT W100, BC Business’ Most Influential Women in Business and Business in Vancouver’s Influential Women in Business and Top 40 Under 40. Most recently, Cybele was inducted into Canada’s Marketing, Advertising, PR and Communications Hall of Fame. She speaks at dozens of events each year including TEDx and Level Up Conference.

Tenure: April 2021 - Present
Current Term:2021-2024

Kevin Sandhu - Director 

Kevin Sandhu is a technology and financial services entrepreneur, as well as an active angel investor and advisor within the North American startup ecosystem. He is currently a co-founder, investor, advisor and board member to several technology startups and financing companies across a range of industries.

Kevin was previously the Founder and CEO of Grow Technologies, an enterprise software company empowering financial institutions with digital banking solutions including data analytics, account origination and lending solutions. Prior to founding Grow, Kevin spent a decade in finance with roles in investment banking and private equity.

A serial entrepreneur from a young age, Kevin started his first technology business before completing high school and went on to build several software businesses during university. He holds degrees in Math and Finance from Simon Fraser University and has earned the Chartered Financial Analyst (CFA) designation.

Tenure: April 2021 - Present
Current Term: 2021-2023

Victoria Whithers - Director

With her extensive business background, Victoria brings years of board governance experience to BlueShore Financial. A senior executive at IBM Canada for 30 years, Victoria held the position of General Manager, Western Canada and upon retirement formed VLW Solutions. At VLW Solutions, she provides consulting services to assist organizations in the development and implementation of technology solutions. 

Victoria is a Director of the Pacific Pilotage Authority and has served on the boards of Vancouver Coastal Health, the VGH & UBC Hospital Foundation, Canadian Internet Registration Authority, QHR Technologies, Vancouver Board of Trade and the Telus World of Science. Victoria holds the Institute of Corporate Directors Director designation (ICD.D) and a Bachelor of Commerce from McGill University. Victoria resides in West Vancouver.

Tenure: January 2013 - Present
Current Term: 2019 - 2022

Responsibilities of the Board of Directors

The Board of Directors provides stewardship on behalf of the members and oversees Management. The Board’s principal responsibilities include:

  • Establishing Board and committee processes; 
  • Determining the selection, retention, succession and compensation of the President and Chief Executive Officer; establishing the CEO’s objectives, monitoring progress and conducting regular performance reviews;
  • Participating in an annual planning session to approve BlueShore Financial's Strategic Plan and review implementation of that plan; reviewing and approving annual business plans and budgets; 
  • Understanding the significant risks to which the credit union is exposed and ensuring they are properly managed;
  • Monitoring the credit union's progress towards its goals and the actions taken to achieve them; approving any significant new ventures;
  • Approving and monitoring compliance with all significant policies, regulations and legal requirements;
  • Overseeing timely and accurate reporting to members and regulators of the credit union's performance, financial statements and significant developments;
  • Ensuring appropriate code of conduct and conflict of interest policies are in place and adhered to by all Directors and staff, to ensure trust in the organization.

The Board regularly engages an independent third party to evaluate of the performance of Directors, committees and their Chairs, to supplement their own Director self-evaluation. The Board reviews the evaluation report and, as appropriate, implements changes in accordance with report recommendations.

Board Committees

The Board of Directors has standing committees to carry out both legislated and delegated functions. The committees meet regularly throughout the year. In addition to regular updates to the Board of Directors, each committee produces an annual written report confirming that all duties and responsibilities have been completed.

The Audit Committee has oversight responsibility for internal controls and financial reporting, reviews audit procedures and reports arising from audits and examinations. It oversees risk management practices in areas of financial reporting, operations, technology and any other areas that could have the potential to materially affect the health of the Credit Union. It oversees the risk profile of the Credit Union against the risk appetite framework. The Committee meets directly with the internal and the external auditor, both with and without Management

The Governance and Conduct Review Committee has oversight responsibility for board governance, including the annual board evaluation process, Director compensation, and periodic review and recommendations regarding BlueShore Financial's Rules. The Committee also monitors compliance with policies governing privacy, conflict of interest, related parties and confidentiality.

The Investment and Loan Committee has oversight responsibility for lending and investment activities in accordance with BlueShore Financial's policies. This includes reviewing and recommending to the Board of Directors changes to policy, monitoring adherence to policy, approving loans that exceed management limits, authorizing write-offs and such other duties prescribed by statute or delegated by the board.

The Nominations and Election Committee has oversight responsibility for the nominations and election of Directors in accordance with the Credit Union's Rules. The Committee reviews all nominees in context of the defined competencies and skills required of Directors, as well as other nomination requirements. Although the Committee may endorse certain candidates felt to best represent the needs of the Board at the time, all nominees who are members in good standing and are eligible to run are presented to the membership.

The Human Resource and Compensation Committee has responsibility for overseeing certain human resource and compensation policies and programs to ensure they support BlueShore Financial's business strategy and good governance. It also assesses the performance of the President and CEO and determines their compensation.

Interested in contributing to your Credit Union?

Contact us if you would like to learn more about what’s involved in serving as a BlueShore Board Director.

BlueShore Financial, Financial Advisor, Sahar Abdul Zahir

Sahar Abdul Zahir

Financial Advisor

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