Canadian Public Accountability Board announces new board member Renaud Caron
TORONTO, September 13, 2019 – The Canadian Public Accountability Board (CPAB), Canada’s public company audit regulator, is pleased to announce the appointment of Renaud Caron as director.
“On behalf of the board, it is my pleasure to welcome Renaud to this role,” said Benita Warmbold, CPAB Chair. “Renaud brings a depth and range of broad leadership and governance experience across public, private and government institutions; we look forward to his contributions as we continue to drive improvements in the quality and consistency of Canadian audits.”
Caron is former Senior Vice President, Strategic Development at CGI Group Inc. Prior to his 18 years at CGI, he was Deputy Minister, Economic Development Canada and Deputy Minister for Quebec’s Ministry of Industry, Commerce, Science and Technology and Tourism. Caron is currently a director on several private and public boards, including Processia Solutions Inc., Komutel and ProAction International Inc. He previously served on the boards of the Business Development Bank of Canada, Clemex Technologies Inc. and Montreal International, where he was Chair of the Committee on Foreign Investment. Caron is also the former Chair of the board of the Quebec Chamber of Commerce.
CPAB’s board of directors ranges from a minimum of nine to a maximum of 11 members (there are currently 10 directors) all appointed by the Council of Governors. The majority must be nonaccounting professionals and at least two directors must have regulatory or regulatory/audit oversight experience.
The Canadian Public Accountability Board (CPAB) is Canada’s independent, public company audit regulator. Charged with overseeing audits performed by registered public accounting firms, CPAB contributes to public confidence in the integrity of financial reporting and is committed to protecting Canada’s investing public. CPAB promotes sustainable audit quality through proactive regulation, dialogue with domestic and international stakeholders, and practicable insights to inform capital market participants. CPAB has offices in Montreal, Toronto and Vancouver.