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 aggregate 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 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 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

Mairead Lavery

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

2021Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2020: Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2019Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

Senior Vice-President, Business Development (December 23, 2014 to February 4, 2019)

2019Q1 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Benoit Daignault 

President and Chief Executive Officer (February 5, 2014 to February 4, 2019)

2019Q1 (PDF)

2018: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Carl Burlock

Executive Vice-President & Chief Business Officer (beginning May 13, 2019)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2020: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2019: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Senior Vice-President and Global Head, Financing and International Growth Capital (April 2017 to May 12, 2019)

2019: Q1 (PDF)  / Q2 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Senior Vice-President, Financing and Investments (May 2014 to Mar. 2017)

2017: Q1 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Marsha Acott

Acting Senior Vice-President and Chief Financial Officer (September 21, 2020 to June 11 2021)

2021: Q1 (PDF) / Q2 (PDF) 

2020: Q3 (PDF) / Q4 (PDF) 

Lorraine Audsley 

Senior Vice-President and Chief Risk Officer (beginning May 14, 2019)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2020: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2019Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

​Stephanie Butt Thibodeau 

Senior Vice-President, People and Culture (beginning October 1, 2020)

2021Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2020: Q4 (PDF)

Senior Vice-President, Human Resources (January 4, 2016 to September 30, 2020) 

2020: Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)

2019Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF) 

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Jacques Chamberland

Senior Vice-President and Transformation Officer (beginning June 14, 2021)

2021: Q3 (PDF) / Q4 (PDF)

Senior Vice-President and Chief Digital Officer (October 15, 2019 to June 11, 2021)

2021: Q1 (PDF) / Q2 (PDF)

2020: Q1 (PDF)  /  Q2 (PDF)  /  Q3 (PDF)  /  Q4 (PDF)

2019Q4 (PDF)

Guillermo Freire

Acting Senior Vice-President, Financing and Investments (beginning October 25, 2021)

2021: Q4 (PDF)

Catherine Decarie

Catherine Decarie, Senior Vice-President, Channels & Marketing (September 4, 2019 to November 15, 2019) 

2019Q4 (PDF)

Senior Vice-President, Channels & Marketing & Corporate Affairs (June 10, 2019 to September 3, 2019) 

2019Q2 (PDF) / Q3 (PDF)

Senior Vice-President, Corporate Affairs and Secretary (July 2017 to June 9, 2019)

2019Q1 (PDF) / Q2 (PDF)

2018: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q3 (PDF) / Q4 (PDF)

Senior Vice-President, Corporate Affairs (Jan. 2016 to June 2017) 

2017: Q1 (PDF) / Q2 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Al Hamdani 

Senior Vice-President and Chief Risk Officer (July 1, 2015 to May 13, 2019)

2019Q1 (PDF)  / Q2 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3​ (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Justine Hendricks 

Senior Vice-President and Chief Sustainability Officer (beginning May 10, 2021)

2021: Q3 (PDF) / Q4 (PDF)

Senior Vice-President, Sustainable Business and Enablement (May 13, 2019 to May 7, 2021)

2021: Q1 (PDF) / Q2 (PDF) 

2020: Q1 (PDF)  /  Q2 (PDF)  /  Q3 (PDF)  /  Q4 (PDF)

2019Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

Ken Kember

Senior Vice-President and Chief Financial Officer (beginning June 14, 2021)

2021: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Senior Vice-President and Chief Financial Officer (October 15, 2019 to September 20, 2020) 

2020: Q1 (PDF)  /  Q2 (PDF)  /  Q3 (PDF)

2019Q4 (PDF)

Senior Vice-President, Finance and Technology Group, and Chief Financial Officer (January 4, 2016 to October 14, 2019)

2019Q1 (PDF)   / Q2 (PDF)  / Q3 (PDF) 

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Derek Layne 

Senior Vice-President, Strategy & Innovation Group (January 4, 2016 to May 27, 2019)

2019Q1 (PDF)   / Q2 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Sven List 

Senior Vice-President, Restructuring and Special Projects (beginning January 4, 2021) 

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Senior Vice-President, Trade Connections (May 13, 2019 to December 31, 2020)

2020: Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2019: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Dan Mancuso

Senior Vice-President, Financing and Investments (May 13, 2019 to October 25, 2021)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2020: Q1 (PDF) / Q2 (PDF)  / Q3 (PDF) / Q4 (PDF)

2019: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Jim McArdle 

Senior Vice-President and Chief Corporate Advisor (Jan. 4, 2016 to Dec. 31, 2017) 

2017: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Mike Neals

Acting Senior Vice-President, Business Development (February 5, 2019 to May 13, 2019)

2019Q1 (PDF) / Q2 (PDF) 

Julie Pottier

Senior Vice-President, Channels & Marketing (beginning March 1, 2021)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Acting Senior Vice-President, Channels & Marketing (December 5, 2019 to February 28, 2021)

2021: Q1 (PDF)

2020: Q1 (PDF)  /  Q2 (PDF)  /  Q3 (PDF)  /  Q4 (PDF)

2019: Q4 (PDF)

Miguel Simard

Senior Vice-president, Legal Services and Special Risks (beginning June, 2021)

2021: Q3 (PDF) / Q4 (PDF)

Todd Winterhalt

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

2021: Q4 (PDF)

Senior Vice-President, Communications & Corporate Strategy (June 10, 2019 to November 14, 2021)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF)

2020: Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  /  Q4 (PDF)

2019: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Clive Witter

Senior Vice-President, Insurance & Working Capital Solutions (beginning Apr. 2017)

2021: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2020: Q1 (PDF) /  Q2 (PDF) /  Q3 (PDF) / Q4 (PDF)

2019Q1 (PDF)  / Q2 (PDF)  / Q3 (PDF)  / Q4 (PDF)

2018: Q1 (PDF)  / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

2017: Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

Senior Vice-President, Insurance (May 2012 – March 2017)

2017: Q1 (PDF)

2016: Q1 (PDF) / Q2 (PDF) / Q3 (PDF) / Q4 (PDF)

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).

  2021 2020
EDC Total Revenue​ $1,291 $2,291​
EDC Total Administrative Expenses $606 $543
EDC Total Travel Expenses​ $0.23 $1.37
EDC Total Hospitality Expenses​ $0.06 $0.18
EDC Total conference expenses $0.08 $0.08
Travel, hospitality and conference expenses as % of administrative expenses 0.1% 0.3%

 


Aggregate Annual Board of Directors Disclosure

All amounts in thousands of Canadian dollars

  2021 2020
Travel and Hospitality – Board of Directors​ $39.77​ $61.42​
Travel and Hospitality and conferences – President​ $1.52​ $23.51