The November Board meeting and recruitment of CIA’s new Executive Director



By Micheline Dionne, FCIA

We took advantage of the November meeting to give the Board of Directors an operating mode and structure that meet the increased requirements of risk management and transparency and enable us to further recognize the contribution of our associate members. We also proceeded with status updates on a number of hot-button issues.

Governance

We adopted several recommendations made by the Task Force on Governance:

Measures aimed at associates

After several attempts at redefining the benefits, obligations and conditions that go with the status of CIA associate, the task force chaired by Jason Vary finally arrived at a formula that made it possible to go ahead with the project. The eligibility conditions will be harmonized with those in place for becoming an ASA, ACAS and CERA (Chartered Enterprise Risk Analyst), and the fees will be reviewed to encourage early membership of young associates. We also intend to formalize the status of future associates through the title of ACIA. You will be consulted on this initiative, likely in June. Once CIA exam credits can be earned without going through another association, it will be imperative to recognize students' efforts at the half-way point. The goal of this reform is to forge a closer relationship with our future members, by not only recognizing their contribution but also offering them services that meet their expectations.

Ongoing files


Recruitment of new CIA Executive Director


To close, I would like to share with you some excellent news. The Board has approved the recommendation made by the group charged with recruiting the CIA’s new Executive Director, who will take up his duties on January 4. A lawyer by training, Michel C. Simard has previously worked for the Canadian Nurses Association and the HealthPartners charitable organization. He also had a stint as a Citizenship and Immigration Canada judge and worked in the ethics field at the Université du Québec en Outaouais. Public policy debates have always been a passion for him, and we are very eager to take advantage of his vast experience in the field of public relations.


On behalf of the entire Board, I would like to extend my warmest thanks to the Secretariat’s Lynn Blackburn for serving as Interim Executive Director and keeping the ship afloat for three months. Our thanks also go out to the entire Secretariat team for supporting Lynn in her role.

If you have any questions or comments that you would like to share, please contact me at president@actuaries.ca.

Micheline Dionne, FCIA, is President of the Canadian Institute of Actuaries.