GTA Construction Report staff writer
Tarion Warranty Corporation board of directors has selected Christopher Spiteri as its chair. He is the first Ottawa-based chair of the organization since 1988.
Spiteri, an Ottawa-based lawyer practicing in the areas of corporate/commercial law and real estate, has been a member of the Tarion board for the last nine years and the vice-chair for the past six years, a Tarion news release reports. “Spiteri brings significant board and governance experience, sitting on three other not-for-profit boards. He is a graduate of the Rotman Director Education Program and a designate of the Institute of Corporate Directors.”
The board also welcomed four new members:
- Greg Graham is president of Cardel Homes Ottawa, managing the land development and residential home building companies;
- Paul Golini is the executive vice-president and co-founder of Empire Communities, a leading Ontario-based real estate development company;
- Wendy Rinella, appointed by the Minister of Consumer Services, is the vice-president of Corporate Affairs at FCT, the largest provider of title insurance in Canada. She also serves as the president of the FCT Charitable Foundation and as the vice-president public affairs and treasurer for the Title Insurance Industry Association of Canada; and
- Hari Panday, appointed a director-at-large, owns PanVest Capital Corporation, an exempt market dealer in Toronto, engaged in corporate finance and advisory services to boards on corporate governance, risk management, business strategy and new market development.
The Tarion news release says the organization is governed by a balanced board of directors with members representing key stakeholders within the housing industry, consumer advocates, the financial community and provincial and municipal levels of government.
Recent changes to Tarion’s governance structure have created a board with:
- Eight non-builders – people with knowledge of homebuyer/consumer issues and other relevant skills and experience, of which five have been selected by the minister and three additional members are selected based on submissions from other sources; and
- Eight members with knowledge of the building industry
All appointees/nominees are assessed based on a competency-framework/skills matrix. This adds additional consumer representation, addresses skill requirements identified by the board and balances the scales for all stakeholders, the Tarion news release says. Tarion’s board made these changes to give consumers additional confidence in the organization’s decision-making process.