CALGARY, April 12 /CNW/ - The Alberta Securities Commission (ASC) is
pleased to announce the appointment by the Alberta Minister of Finance of
three new Commission members. Roderick J. McKay, Kenneth B. Potter and Glen D.
Roane will join the ASC as independent members effective April 11, 2007.
Each of the members brings a wealth of experience and knowledge from the
accounting, law and banking professions that will serve the ASC well in the
undertaking of its responsibility to ensure confidence in the integrity of
Alberta's capital market.
Rod McKay is a chartered accountant who held various executive roles with
KPMG's Canadian and international firms until his retirement in September
2006. Educated at the University of Alberta, University of Toronto and Harvard
University, Mr. McKay became partner of KPMG in 1977, Partner in Charge, Audit
in the Calgary office in 1988, Canadian Managing Partner, Technology 1989 to
2006 and Global Managing Partner, Knowledge for KPMG International from 2000
Ken Potter exclusively practises in the areas of corporate and securities
law as a partner of the Macleod Dixon LLP law firm in Calgary. Holding a LLB
from the University of Alberta and an LLM from the London School of Economics,
Mr. Potter has been with the firm since 1969. He has taught securities and
corporate law as a sessional instructor at the University of Calgary and in
New Zealand and has written numerous articles and reports on the subject of
securities and corporate law.
Glen Roane is a corporate director who previously spent many years
working in the financial industry as an investment banker and principal
investor. From 1986 to 1994, Mr. Roane was a founding shareholder and senior
officer of Lancaster Financial Inc. until its acquisition by Toronto Dominion
Bank. He then served as Vice-President and Director of TD Asset Management
Inc. until 1997. Since then Mr. Roane has been a director of a significant
number of public companies, principally in the oil and gas and oilfield
service industries. Mr. Roane holds a BA and an MBA from Queens University,
The ASC also recognizes with gratitude the valued service of David W.
Betts, CFA, Roderick J. McLeod, Q.C., and James A. Millard, Q.C., who retired
from the Commission March 31, 2007 when their terms expired.
Members of the ASC act as the board of directors for the organization,
functioning as adjudicators of applications, disputes and enforcement
proceedings before the Commission. They also approve recommendations for
amendments to provincial securities laws, and new or revised rules and
policies applicable to the Alberta capital market.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.
For further information:
For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-0585