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.
President and Chief Executive Officer (beginning February 5, 2019)
Senior Vice-President, Business Development (December 23, 2014 to February 4, 2019)
2019: Q1 (PDF)
Executive Vice-President & Chief Business Officer (beginning May 13, 2019)
Senior Vice-President and Global Head, Financing and International Growth Capital (April 2017 to May 12, 2019)
Senior Vice-President, Financing and Investments (May 2014 to Mar. 2017)
2017: Q1 (PDF)
Acting Senior Vice-President and Chief Financial Officer (beginning September 21, 2020)
2020: Q3 (PDF)
Senior Vice-President, Human Resources (beginning Jan. 4, 2016)
Catherine Decarie, Senior Vice-President, Channels & Marketing (September 4, 2019 to November 15, 2019)
2019: Q4 (PDF)
Senior Vice-President, Channels & Marketing & Corporate Affairs (June 10, 2019 to September 3, 2019)
Senior Vice-President, Corporate Affairs and Secretary (July 2017 to June 9, 2019)
Senior Vice-President, Corporate Affairs (Jan. 2016 to June 2017)
Senior Vice-President and Chief Financial Officer (October 15, 2019 to September 20, 2020)
2019: Q4 (PDF)
Senior Vice-President, Finance and Technology Group, and Chief Financial Officer (January 4, 2016 to October 14, 2019)
Senior Vice-President, Insurance & Working Capital Solutions (beginning Apr. 2017)
Senior Vice-President, Insurance (May 2012 – March 2017)
2017: Q1 (PDF)
We also annually report aggregate corporate travel and hospitality expenses.
All amounts are in millions of Canadian dollars (totals include executive expenses).
|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%|
All amounts in thousands of Canadian dollars
|Travel and Hospitality – Board of Directors||$249.16||$196.18|
|Travel and Hospitality and conferences – President||$40.66||$80.58|