Travel and Hospitality Expenses

Transparency and Disclosure



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 annual corporate expenses related to travel and business development activities through our website, as well as the travel and hospitality expenses for our President and CEO and senior executives. Expenses are reported by month and are reflected in the period during which they are reported in our financial records. Prior years expenses related to travel and business development activities can be found in the archive section on our website.

The following disclosure includes business expenses related to travel and hospitality expenses for the following activities: board of director-related meetings, corporate representation and 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

Access EDC’s archive of historical travel and hospitality expenses
 

 

Mairead Lavery

President and Chief Executive Officer (beginning February 5, 2019)

Carl Burlock

Executive Vice-President and Chief Operating Officer (beginning November 1, 2023)

Lorraine Audsley

Senior Vice-President and Chief Risk and Sustainability Officer (beginning November 1, 2023)

Jacques Chamberland

Senior Vice-President and Transformation Officer (June 14, 2021 to November 30, 2023)

Susannah Crabtree

Senior Vice-President, People and Culture (beginning July 4, 2023)

Rajesh Dave

Acting Senior Vice-President, Global Risk Management and Chief Risk Officer (January 1, 2023 to July 4, 2023)

Guillermo Freire

Senior Vice-President, Mid-Market Group (beginning October 4, 2022)

Justine Hendricks

Senior Vice-President and Chief Sustainability Officer (May 10, 2021 to January 27, 2023)

Sven List

Senior Vice-President, Corporate and International Group (beginning April 4, 2022)

Dominic Mailhot

Senior Vice-President and Chief Digital Information Officer (beginning November 1, 2023)

Scott Moore

Executive Vice-President, Finance and Chief Financial Officer (beginning November 1, 2023)

Julie Pottier

Senior Vice-President, Small Business and Partnerships and Head of Insurance (beginning January 3, 2022)

Miguel Simard

Senior Vice-President and Chief Legal Officer, Special Risks and CEBA (beginning April 2022)

Liette Vigneault

Senior Vice-President, People and Culture (October 11, 2022 to April 14, 2023)

Todd Winterhalt

Senior Vice-President, Communications, Marketing and Corporate Strategy Officer (beginning November 15, 2021)

Clive Witter

Senior Vice-President, Insurance & Special Advisor (January 3, 2022 to January 3, 2023)


Aggregate annual corporate disclosure

We also annually report aggregate corporate travel and hospitality expenses.

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

  2022 2021
EDC Total Revenue​ $2,446 $1,291
EDC Total Administrative Expenses $642 $606
EDC Total Travel Expenses​ $2.85 $0.23
EDC Total Hospitality Expenses​ $0.40 $0.06
EDC Total conference expenses $0.20 $0.08
Travel, hospitality and conference expenses as % of administrative expenses 0.5% 0.1%


 


Summary of travel and hospitality expenses for the EDC Board of Directors President and Board


Aggregate Annual Board of Directors Disclosure

2023 Aggregate Annual EDC Board of Directors Disclosure (PDF)

All amounts in thousands of Canadian dollars

  2022 2021
Travel and Hospitality – Board of Directors​ $142.54 $39.77​
Travel and Hospitality and conferences – President​ $48.32 $1.52​

 

 

Date modified: 2024-02-08