Directors
David A. King
Victoria, British Columbia
Common Share holdings: 66,407
Option holdings: 15,000
- Director since October 23, 1997
- Member of the Audit Committee
- Member of the Corporate Governance and Compensation
Committee
- Independent
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Mr. King is a corporate director and is President of David
King Corporation, a private investment company.
Mr. King has a long history in North American real estate
markets, commencing in the early 1960s with Sears
Canada's real estate department, was a Senior Officer of
Cambridge Shopping Centres Limited for six years and
was a Senior Officer and President of Campeau
Corporation for 15 years. Since 1988 Mr. King has pursued
various private business interests.
Mr. King currently serves on the boards of Morguard
Corporation, Morguard Real Estate Investment Trust,
and Revenue Properties Company Limited. |
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John
Lokker
Caledon, Ontario
Common Share holdings: 32,500
Option holdings: 27,500
- Director since November
16, 2000
- Chairman of the Audit Committee
- Member
of the Corporate Governance and Compensation
Committee
- Independent
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Mr. Lokker is Chief
Executive Office of Neal Traffic Services Limited,
a transportation consulting services firm.
Mr. Lokker was Vice President of Tri-White from
1998 to 2000, monitoring the activities of the Corporation
as well as developing strategic directions, and is
a former officer and consultant of Morguard Corporation.
In the past he has held the position of CFO of Kingsway-Motorways,
the largest transportation organization of its time;
and President of Consolidated Fastfrate.
Mr. Lokker is a Chartered Accountant and Certified
Fraud Examiner with direct experience in senior financial
roles, including corporate finance and internal audit. |
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Samuel J.B. Pollock
Oakville, Ontario
Common Share holdings: nil
Option holdings: nil
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Mr. Pollock is Managing Partner and Co-head of Infrastructure Activities of Brookfield Asset Management Inc. and is responsible for the expansion of Brookfield’s infrastructure operating platform and proprietary investment initiatives.
Mr. Pollock joined Brookfield's financial services operation in 1994 and has held various senior positions in the organization, including leadership of the company's financial advisory services and merchant banking operations.
Mr. Pollock is a Chartered Accountant and holds a business degree from Queen's University.
Mr. Pollock serves on the board of Renasant Financial Partners Ltd., Acadian Timber Income Fund and Fraser Papers Inc. |
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K. (Rai)
Sahi
Mississauga,
Ontario
Common Share holdings: 16,589,606
Option holdings: 90,000
- Director, Chairman and Chief
Executive Officer since October 23,
1997
- Non-independent due to
ownership/control of 72% of
outstanding common shares of Tri-
White and member of management
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Mr. Sahi is Chairman
and Chief Executive Officer of Morguard Corporation,
a major Canadian public real estate and property
management company.
Mr. Sahi is a Certified General Accountant and has
many years experience in public and private corporations
including extensive experience dealing with financial
reporting, standards, and policy. Mr. Sahi was a
director of TCT Logistics Inc., a transportation
and supply chain management company, from July 2000
to January 2002 at which time the company was placed
in receivership.
In addition to Morguard Corporation, Mr. Sahi serves
on the boards of Morguard Real Estate Investment
Trust, Revenue Properties Company Limited, ClubLink
Corporation, Clearlink Capital Corporation and the
Canadian Broadcasting Corporation. |
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Donald
Turple
Winnipeg, Manitoba
Common Share holdings: 49,550
Option holdings: 90,000
- Director since November
23, 1998
- Vice President, Corporate
Development since December 28,
2007
- Non-independent due to being a
member of management
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Mr. Turple is a consultant to Morguard Corporation
holding the role of Vice President, Corporate
Development of Tri-White since December 2007 and Vice
President of Morguard Corporation since May 2007. Prior
to that time, Mr. Turple was Chief Financial Officer of Tri-
White and Morguard Corporation. He has acted in
various capacities with the Morguard Corporation group
for more than 10 years.
Mr. Turple is a Chartered Accountant and has many years
experience in public and private corporations with direct
experience in senior financial roles, including corporate
finance. Mr. Turple was a director of TCT Logistics Inc., a
transportation and supply chain management company,
from December 2001 to January 2002 at which time the
company was placed in receivership.
Mr. Turple currently serves on the board of ClubLink
Corporation. |
*During the past five years all directors have been employed in various capacities by the companies or firms indicated opposite
their names unless otherwise noted.
Compensation of Directors
The Corporate Governance and Compensation Committee review director compensation
annually and make recommendations on remuneration to the Board of Directors.
The Corporation paid $192,100 in respect of directors’ fees during the fiscal year ended
December 31, 2007. The Corporation paid $192,100 in respect of directors’ fees during
year ended December 31, 2006. These fees, payable only to directors who are not full-time
employees of the Corporation, represent an annual fee of $20,000 per director, paid
quarterly, and a $1000 attendance fee per meeting. The Audit Committee chair is paid an
additional $5,000 per annum. All other Committee chairs are paid an additional $3,000 per
annum. The Chairman of the Board receives $75,000 per year in director’s fees, paid
quarterly. These director fees have been in effect since January 1, 2006. The directors are
entitled to be reimbursed for their reasonable out-of-pocket expenses incurred in connection
with the Corporation.
CODE OF CONDUCT AND CONFLICT OF
INTEREST GUIDELINES
FOR DIRECTORS
The Code of Conduct and Conflict of Interest is available
for download and can be viewed with the Adobe Acrobat Reader.
If you do not have the Adobe Acrobat Reader, click on the
icon to download.
Officers
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K. (Rai)
Sahi
Chairman and
Chief Executive Officer |
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Robert Wright
Chief Financial Officer |
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Donald
Turple
Vice President, Corporate
Development |
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Beverly
G. Flynn
General Counsel
& Secretary |
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Frank
Munsters
Vice President |
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Gary
C. Danielson
Vice President
and President
White Pass & Yukon Route
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Corporate Data
Auditors
Deloitte & Touche LLP
Transfer Agents and Registrars of Common Shares
CIBC Mellon Trust Company
Bankers
Royal Bank of Canada
Wells Fargo Bank Alaska N.A.
Legal Counsel
Blake Cassels & Graydon, LLP
Patton Boggs, LLP
Bankston, Gronning, O'Hara, Sedor, Mills, Givens and Heaphy,
P.C.
Share Listing
Toronto Stock Exchange
Ticker Symbol
TWH
INVESTOR RELATIONS
Contact: Donald Turple
Phone: 416-367-6877
Fax: 416-367-6890
E-mail: dturple@morguard.com
EXECUTIVE OFFICE
One University Avenue
Suite 1400, Toronto, Ontario
M5J 2P1
Phone: 416-862-3800
Fax: 416-367-6890
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