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)

Susannah Crabtree

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

Guillermo Freire

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

Sven List

Senior Vice-President, Canadian Corporate Business (beginning April 1, 2024)

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)

Todd Winterhalt

Senior Vice-President, International Markets and Head of Communications and Public Affairs (beginning April 1, 2024)


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).

  2023 2022
EDC Total Administrative Expenses $657 $643
EDC Total Travel Expenses​ $6.06 $2.85
EDC Total Hospitality Expenses​ $0.70 $0.40
EDC Total Conference Expenses $0.29 $0.20
Travel, hospitality and conference expenses as % of administrative expenses 1.1% 0.5%


 


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


Aggregate Annual Board of Directors Disclosure

2024 Aggregate Annual EDC Board of Directors Disclosure (PDF)

All amounts in thousands of Canadian dollars

  2023 2022
Travel and Hospitality – Board of Directors​ $145.09 $142.54
Travel and Hospitality and conferences – President​ $118.46 $48.32

 

 

Date modified: 2024-06-07