TORONTO, Sept. 27, 2011 /CNW/ - Stephen Erlichman, one of Canada's
leading securities lawyers, has been appointed Executive Director of
the Canadian Coalition for Good Governance (CCGG).
Mr. Erlichman has practiced corporate and securities law for more than
30 years in Canada and the U.S. He is currently a senior partner at
Fasken Martineau based in Toronto and heads the firm's Investment
Products & Wealth Management group as well as its Private Equity group.
In addition to his law degree from the University of Toronto, Mr.
Erlichman has an LLM from New York University and an MBA from Harvard
"We are very excited to have Steve lead the Coalition into its next
phase of development," said Dan Chornous, chairman of the CCGG and
chief investment officer of RBC Global Asset Management.
"He is one of Canada's foremost authorities on governance issues and our
members will benefit greatly from his deep knowledge and skill set,"
added Mr. Chornous.
"Steve is an outstanding lawyer and valued partner, and this appointment
recognizes the role he has played in both furthering the aims and
objectives of the Coalition and the entire corporate governance
movement," said Martin Denyes, managing partner in Ontario for Fasken
"I am honoured to have been asked by the Board to assume this leadership
position," said Stephen Erlichman. "The Coalition has played a key role
in working with institutional investors and public companies throughout
the country and I look forward to assisting the Coalition in continuing
to be the driving force in fostering improved corporate governance in
Canada," added Mr. Erlichman.
Mr. Erlichman will continue as a senior partner at Fasken Martineau
while assuming these new responsibilities at the CCGG.
During his career, Mr. Erlichman has served as counsel to senior
management, boards of directors and major shareholders of private and
public companies, as well as investment dealers, commercial banks,
insurance companies, private equity firms and managers of investment
funds, pension funds and hedge funds.
Mr. Erlichman has written and spoken extensively on a range of legal and
policy issues including institutional investor activism, shareholder
rights plans, private equity, income trusts and investment funds. He
authored a major report for the Canadian Securities Administrators
which set out his recommendations to establish a fund governance regime
for Canada, many of which have been enacted into law.
Mr. Erlichman's appointment is effective October 1, 2011
During Mr. Erlichman's term, the CCGG will pursue an agenda that
Extending "Say on Pay" across a broader group of Canadian companies;
Having all S&P/TSX index issuers implement majority voting and
functioning shareholder democracy; and
Promoting the implementation of a national Securities Act.
Mr. Erlichman replaces Stephen Griggs, who was appointed president and
CEO of the OPSEU Pension Trust in April. During his three year tenure,
Mr. Griggs was instrumental in developing the Coalition's guidelines on
board engagement, proxy circular disclosure, majority voting and
executive compensation. In addition, Mr. Griggs raised the profile of
the Coalition and governance issues through the media and speaking
The mission of the Canadian Coalition for Good Governance is to
represent Canadian institutional shareholders in the promotion of
corporate governance practices that best align the interests of boards
and management with those of the shareholder. The Coalition's 47
members manage approximately $2-trillion of assets on behalf of
SOURCE Canadian Coalition for Good Governance
For further information:
Director, Corporate Communications
Franklin Templeton Investments Corp.
Director of Communications