Travel and Hospitality Expenses

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)

2019Q1 (PDF)  / Q2 (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)

2019: Q2 (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)

Lorraine Audsley 

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

2019Q2 (PDF)

​Stephanie Butt Thibodeau 

Senior Vice-President, Human Resources (beginning Jan. 4, 2016) 

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)

Catherine Decarie

Senior Vice-President, Channels & Marketing & Corporate Affairs (beginning June 10, 2019)

2019Q2 (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, Sustainable Business and Enablement (beginning May 13, 2019)

2019Q2 (PDF) 

Ken Kember

Senior Vice-President, Finance and Technology Group, and Chief Financial Officer (beginning Jan. 4, 2016)

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)

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, Trade Connections (beginning May 13, 2019)

2019: Q2 (PDF)

Dan Mancuso

Senior Vice-President, Financing and Investments (beginning May 13, 2019)

2019: Q2 (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) 

Todd Winterhalt

Senior Vice-President, Communications & Corporate Strategy (beginning June 10, 2019)

2019: Q2 (PDF)

Clive Witter

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

2019Q1 (PDF)  / Q2 (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).

  2018 2017
EDC Total Revenue​ $2,724 $2,260​
EDC Total Administrative Expenses $488 $429
EDC Total Travel Expenses​ $8.82 $7.42
EDC Total Hospitality Expenses​ $1.08 $0.99
EDC Total conference expenses $0.77 $0.74
Travel, hospitality and conference expenses as % of administrative expenses 2.2% 2.1%

Aggregate Annual Board of Directors Disclosure

All amounts in thousands of Canadian dollars

  2018 2017
Travel and Hospitality – Board of Directors​ $249.16​ $196.18​
Travel and Hospitality and conferences – President​ $40.66​ $80.58​