Ottawa, November 6, 2012

Archived - Harper Government Announces Appointments to Bank of Canada Board of Directors

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The Honourable Jim Flaherty, Minister of Finance, today announced the appointments of Phyllis Clark and Derek Key to the Board of Directors of the Bank of Canada.

“Ms. Clark and Mr. Key bring significant financial, management and professional expertise to the Bank’s Board,” said Minister Flaherty. “I would like to extend my congratulations to them on their appointment, and wish them the very best in their new endeavours.”

The Bank of Canada is the nation’s central bank. Its purpose, as set out in the Bank of Canada Act, is to promote the economic and financial welfare of Canada. It is responsible for Canada’s monetary policy and bank notes, and also has responsibilities relating to the financial system and funds management.

For further information, media may contact:

Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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Biographical Notes

Phyllis Marie Clark

Phyllis Marie Clark is Vice President of Finance and Administration and Chief Financial Officer of the University of Alberta, and previously served in a similar capacity at York University.

Ms. Clark was Assistant Deputy Minister of the Management Board Secretariat as well as Chief Economist and Assistant Deputy Minister of the Department of Finance for the Province of Ontario.

She has served on boards and committees of the Edmonton Economic Development Corporation, the Edmonton Symphony Society, the Edmonton Concert Hall Foundation, the Universities Academic Pension Plan, Royal Mayfair, the Canadian Universities Reciprocal Insurance Exchange, the Edmonton Airport Advisory Board, and the York University Development Corporation.

Derek D. Key

Derek D. Key is a partner with McInnis Cooper’s Prince Edward Island office, where he practices as a corporate commercial lawyer with a focus on aerospace and employment law. His expertise in the planning, approval, financing and implementation of business strategies is based on extensive work with the various agencies and organizations involved in property and commercial development initiatives.

With more than 25 years of practice, Mr. Key has had the opportunity to work with and appear before virtually all Prince Edward Island tribunals, municipal and provincial planning boards, city councils and the three levels of Courts in the Province.

Mr. Key has served as Chair of the Law Society of Prince Edward Island’s Discipline and Insurance Committees, and he currently serves as Prince Edward Island’s representative on the Canadian Lawyers Insurance Association Board. He is a member of the Canadian Bar Association and was appointed Queen’s Counsel in 2000, named as a Member of the Order of Canada in 2010, and honoured with an Honorary Doctorate of Laws (University of Prince Edward Island) in 2012.