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Home > Home > About Us > Disclosure > Travel and Hospitality

Travel and Hospitality Expenses

As part of our commitment to good governance, we have policies governing the reimbursement of reasonable expenses required for the purposes of business travel and hospitality. These policies include processes for preparation and approval of expenses for reimbursement.

We voluntarily report, through our website, annual aggregate corporate expenses related to travel and business development activities as well as the travel and hospitality expenses for our President and CEO and senior executives. Expenses are reported by quarter and are reflected in the period during which they are reported in our financial records.

The following disclosure includes business expenses related to travel and hospitality expenses for the following activities: Board of Director-related meetings; corporate representation; business development and operational meetings. Information that would normally be withheld under the Access to Information Act or the Privacy Act does not appear in this section.

Summary of travel and hospitality expenses for the President and CEO and senior executives

Name / Position
(select a timeframe to see expenses)
Benoit Daignault
President and Chief Executive Officer (beginning February 5, 2014)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF) 
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Senior Vice-President, Financing and Investments (January 2012 – February 4, 2014)
2014: Q1 (PDF)
Carl Burlock
Senior Vice-President and Global Head, Financing and Investments (beginning April 2017)
2017: Q2 (PDF)
Senior Vice-President, Financing and Investments (May 2014 – March 2017)
2017: Q1 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
​Stephanie Butt Thibodeau
Senior Vice-President, Human Resources (beginning January 4, 2016)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Catherine Decarie
Senior Vice-President, Corporate Affairs (beginning January 4, 2016)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Senior Vice-President, Human Resources (August 2013 – January 3, 2016)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Pierre Gignac
Senior Vice-President and Chief Risk Officer, Enterprise Risk Management (September 2012 - June 30, 2015)
2015: Q1 (PDF) / Q2 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Acting President (June 3, 2013 – February 4, 2014)
2014: Q1 (PDF)
David Guy
Acting Senior Vice-President, Financing and Investments (February 24, 2014 - May 1, 2014)
2014: Q1 (PDF) / Q2 (PDF)
Al Hamdani
Senior Vice-President and Chief Risk Officer (beginning July 1, 2015)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2015: Q3 (PDF) / Q4 (PDF)
Ken Kember
Senior Vice-President, Finance and Technology Group, and Chief Financial Officer (beginning January 4, 2016)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Senior Vice-President, Finance, and Chief Financial Officer (June 2009 – January 3, 2016)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Mairead Lavery
Senior Vice-President, Business Development (beginning December 23, 2014)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2015: Q1 (PDF)​ / Q2 (PDF)​ / Q3 (PDF) / Q4 (PDF)
Derek Layne
Senior Vice-President, Strategy & Innovation Group (beginning Janvier 4, 2016)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Senior Vice-President, Business Solutions and Innovation Group (December 2011 – January 3, 2016)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Norman Low
Acting Senior Vice-President, Business Development (July 5, 2014 - December 22, 2014)
2014: Q3 (PDF) / Q4 (PDF)​
Jim McArdle
Senior Vice-President and Chief Corporate Advisor (beginning January 4, 2016)
2017: Q1 (PDF) / Q2 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Senior Vice-President, Corporate Affairs and Secretary (June 2012 – January 3, 2016)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
Rajesh Sharma
Senior Vice-President, Business Development (January 2012 - July 4, 2014)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF)
Clive Witter
Senior Vice-President, Insurance & Working Capital Solutions (beginning April 2017)
2017: Q2 (PDF)
Senior Vice-President, Insurance (May 2012 – March 2017)
2017: Q1 (PDF)
2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2015: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)
2014: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Aggregate Annual Corporate Disclosure

We also report, at an aggregate corporate level, travel and hospitality expenses, on an annual basis.

All amounts in millions of Canadian dollars (totals include executive expenses)

2016 2015
EDC Total Revenue​ $2,035 $1,783​
EDC Total Administrative Expenses​ $385 $351​
EDC Total Travel Expenses​ $7.86 $6.93
EDC Total Hospitality Expenses​ $0.96 $0.97​
EDC Total conference expenses $0.67 $0.52​
Travel, hospitality and conference expenses as % of administrative expenses 2.5% 2.4%

Aggregate Annual Board of Directors Disclosure

All amounts in thousands of Canadian dollars

2016​ 2015
Travel and Hospitality – Board of Directors​ $169.51​ $179.08​
Travel and Hospitality and conferences – President​ $120.19​ $107.49​