How are members of the board of directors appointed?
The nomination process is designed to ensure that only those with expertise in investment, business and finance are appointed to the board. See CPP Investment Board Act. Directors are appointed by the federal finance minister in consultation with the participating provinces, and with the assistance of an external nominating committee. Each director is appointed for a term of three years and is eligible to be reappointed twice for a maximum of three terms or nine years of service. The federal government appoints the chair of the nominating committee, and each participating provincial government appoints one representative. The nominating committee recommends candidates for appointment and re-appointment to the federal finance minister who, in turn, makes the appointments in consultation with the provincial finance ministers. For more information see members of the board.
