Board of Trustees

Slate Office REIT's majority independent Board of Trustees brings together a strategic combination of skill-sets with vast real estate, finance, and cross-border experience.  Our board is committed to best-in-class corporate governance,  and is comprised as follows:

  Independent Audit Investment Compensation,
Governance and
Nominating
John O'Bryan (Chair)  Yes    Chair   
Brady Welch No      
Pam Spackman Yes  Member   Chair 
Georges Dubé Yes      Member 
Nora Duke Yes  Member  Member  
Al Mawani Yes  Chair     Member
Blair Welch No   Member   

 

Click to view the Charter of the Board of Trustees →


 

John O'Bryan                                     
Chair

John O'Bryan's real estate career has spanned over 40 years. He was educated in the U.K., where he earned an honours degree in Estate Management. During his early career at A.E. Le Page, Mr. O'Bryan founded and headed Canada's largest appraisal network. From 1998 to 2008 he served as a Managing Director at TD Securities. In 2008 Mr. O'Bryan joined CBRE Limited, where he acted as both Vice Chairman and Chairman, until he stepped down in 2015. Mr. O'Bryan has served on the boards of a number of professional real estate organizations, including the RICS, ULI, REALpac and NAIOP, where he was President and a recent recipient of a Lifetime Achievement Award. Mr. O'Bryan is currently the Honourary Chairman of CBRE Limited and an independent trustee of CT Real Estate Investment Trust.

Pam Spackman                                   
Independent Trustee 

Pam Spackman is currently the Chair of the Mortgage Advisory Committee for Timbercreek Mortgage Strategies Inc., an entity that reviews and approves or declines mortgage loans proposed to be funded by Timbercreek Mortgage Investment Corporation (TSX: TMC), Timbercreek Senior Mortgage Investment Corporation (TSX: MTG) or Timbercreek Global Real Estate Fund (TSX:TGF.UN). Ms. Spackman is also a Member of the Advisory Committee of Crestpoint Real Estate Investments Ltd., a part of the Connor, Clark and Lunn group of companies, which owns a portfolio of commercial properties on behalf of its limited partnership investors. She has served on the Board of Directors of Gazit America Inc. (TSX: GAA), a company focused on entrepreneurial real estate opportunities, and acted as President and Chief Executive Officer of Column Canada Financial Corporation, a wholly owned subsidiary of Credit Suisse, Vice-President Mortgage Investment for the Ministry of Finance,
Province of British Columbia and Investment Manager for the Workers’ Compensation Board, Investment Fund, Ontario.Ms. Spackman acquired the ICD.D designation following completion of the Institute of Corporate Directors programme at the University of Toronto.

Ms. Spackman acquired the ICD.D designation following completion of the Institute of Corporate Directors programme at the University of Toronto.

Georges Dubé                                   
Independent Trustee

Georges Dubé is a Partner at McMillan LLP, a Canadian-based business law firm.  Prior to joining McMillan LLP, Mr. Dubé practiced law at another large Canadian-based business law and litigation firm.  He is a transactional corporate securities lawyer with over 20 years of experience.  He is consistently recognized by Lexpert® as a leading  Corporate Finance and Securities lawyer in Canada.  In 2010, he was appointed by the Ontario Securities Commission to the Securities Advisory Committee for a two-year term.

Mr. Dubé received a Bachelor of Science in Foreign Service from Georgetown University and an LLB from the Faculty of Law of McGill University.

Nora Duke                                   
Independent Trustee

Nora Duke is currently Executive Vice President, Corporate Services and Chief Human Resource Officer with Fortis Inc.  Prior to this recent appointment, Ms. Duke served as the Chief Executive Officer of Fortis Properties Corporation from 2007 to 2015. Prior to Fortis Properties, she spent 16 years at Newfoundland Power, ultimately serving as the company’s Vice President of Customer and Corporate Services. She has been inducted into Atlantic Canada’s Top 50 CEOs Hall of Fame by Atlantic Business Magazine. She was also named one of Canada’s 100 Most Powerful Women in 2010 by the Women’s Executive Network.Ms. Duke holds bachelor of commerce (hons.) and masters of business administration degrees from Memorial University.

Ms. Duke holds Bachelor of Commerce (Hons.) and Masters of Business Administration degrees from Memorial University.

Al Mawani                                   
Independent Trustee

Al Mawani has over 35 years of experience in the commercial real estate industry and is currently the President and Chief Executive Officer of Rodenbury Investments Limited, a private commercial real estate owner-operator. Mr. Mawani has also served as a Trustee of Boardwalk Real Estate Investment Trust (TSX: BEI.UN) for the past 13 years. Until 2013, Mr. Mawani was the President and Chief Executive Officer of Calloway Real Estate Investment Trust (TSX: CWT.UN). In addition, Mr. Mawani spent 20 years at Oxford Properties Group including over 10 years as Chief Financial Officer between 1989 and 2000.Mr. Mawani is a chartered accountant, has a Master of Business Administration from University of Toronto and a Masters in Law from York University.

Mr. Mawani is a chartered accountant, has a Master of Business Administration from University of Toronto and a Masters in Law from York University.

Blair Welch                                         
Trustee

Blair Welch co-founded Slate Asset Management in 2005. With 20 years of experience in the real estate industry in North America and Asia, Blair has worked with First National Financial Corporation, where he was responsible for developing a successful Canadian commercial mortgage-backed securities program; Fortress Investment Group, where he was responsible for origination of opportunities; Bankers Trust; and Brazos Advisors (now Lone Star), where he was involved in direct investment, securitization and corporate debt transactions in the U.S. and Canada. 

Mr. Welch holds a B.Com. from the University of British Columbia.

Brady Welch                                         
Trustee

Brady Welch co-founded Slate in 2005. He has 20 years of experience in the real estate industry in North America and Europe across all asset classes, including office, industrial, multi-family and retail. Prior to co-founding Slate, he held senior management positions with Fortress Investment Group from 1998 to 2005, where he was responsible for asset management strategies. Prior to Fortress, he managed Truscan's investments in class 'A' office towers in Canada's five major urban markets. Brady began his career in the mid-1990s with Lone Star, participating in the acquisition and work-out  of  distressed Canadian real estate loan pools from insurance companies and financial institutions.

Mr. Welch holds a B.Com. from Mount Allison University.

Committees

The Audit Committee is comprised of independent members of the Board of Trustees, appointed on an annual basis for the purpose of overseeing the REIT's financial controls and reporting in addition to monitoring whether the REIT complies with financial covenant and legal regulatory requirements governing financial disclosure matters and financial risk management. 

Members of the Audit Committee include Al Mawani (Chair), Georges Dubé and Pam Spackman.

Charter of the Audit Committee →

The Compensation, Governance and Nominating Committees is comprised of independent members of the Board of Trustees, appointed on an annual basis. The committee is charged with overseeing board effectiveness, trustee selection, considering questions of management succession, administering securities-based compensation plans and assessing the overall performance and compensation of management of the REIT, among other responsibilities. 

Members of the Compensation, Governance and Nominating Committee include Georges Dubé (Chair) and Pam Spackman.

Charter of the Compensation, Governance and Nominating Committee →

The Investment Committee has the overall responsibility to ensure that the REIT's investment decisions are consistent with the Investment Guidelines and Operating policies as set forth in the REIT's Declaration of Trust. The committee will carry out its responsibilities with a view to achieving the REIT's strategic objectives of assembling a portfolio of high quality assets and delivering the benefits of such real estate to unitholders. 

Members of the Investment Committee include John O'Bryan (Chair), Georges Dubé, Gary Samuel, Pam Spackman and Brady Welch.

Charter of the Investment Committee →

Policies

It is the policy of Slate Office REIT that all activities be conducted with the highest standards of fairness, honesty and integrity and in compliance with all legal and regulatory requirements. In keeping with our commitment to best-in-class corporate governance, Slate has implemented numerous, policies and position descriptions.

Policies

Code of Business Conduct and Ethics
Slate Office REIT’s Code of Business Conduct and Ethics (the “Code”) has been endorsed by the board of trustees of the REIT and applies to trustees, directors and officers of the REIT and Slate Asset Management LP. The objective of the Code is to provide guidelines for maintaining the integrity, reputation, honesty, objectivity and impartiality of the REIT. The Code addresses conflicts of interest, protecting the REIT’s assets, confidentiality, fair dealing with security holders, competitors and employees, insider trading, compliance with laws, and the reporting of any illegal or unethical behaviour. 

Code of Business Conduct and Ethics →

Whistleblower Policy
The REIT, its subsidiaries, and Slate Asset Management L.P. have a strong commitment to the conduct of their business in a lawful and ethical manner. In line with that commitment, the REIT has adopted a Whistleblower Policy. The Whistleblower Policy outlines the process by which trustees, directors, officers, managers and employees and others may communicate with the REIT about concerns they may have in respect of illegal or unethical behavior and when in doubt about the best course of action in a particular situation, without retaliation.

Any person with a good faith concern about any accounting or auditing matter or any other matter which such person believes in violation of the Code is directed to contact the Audit Committee of the REIT (who is independent of management of the REIT Entities) on a confidential basis at auditcommittee@slateofficereit.com.

Whistleblower Policy →

See also:

Disclosure Policy →
Insider Trading Policy →
Majority Voting Policy →

Position Descriptions

Chair of the Board of Trustees →
Lead Independent Trustee → 
Chair of the Audit Committee →
Chair of the Investment Committee →
Chair of the Compensation, Governance and Nominating Committee →
Chief Executive Officer →