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 & Chief Business Officer (beginning May 13, 2019)
Lorraine Audsley
Senior Vice-President and Chief Sustainability Officer (beginning January 23, 2023) and Acting Senior Vice-President, Global Risk Management and Chief Risk Officer (beginning July 4, 2023)
Jacques Chamberland
Senior Vice-President and Transformation Officer (beginning June 14, 2021)
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 (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 (beginning April 4, 2022)
Scott Moore
Senior Vice-President and Chief Financial Officer (beginning July 4, 2022)
Julie Pottier
Senior Vice-President, Small Business and Partnership and Head of Insurance (beginning January 3, 2022)
Miguel Simard
Senior Vice-president, Chief Legal Officer (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 & 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 |