Archived - Part 3 – Various Measures: Division 12
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Canada Pension Plan Investment Board Act
The Government is committed to ensuring the proper management and on-going sustainability of the Canada Pension Plan.
The Canada Pension Plan Investment Board (CPPIB) has become one of the largest pension funds in the world, with total net assets of $172.6 billion as at December 31, 2012.
With a significant portion of the CPPIB’s assets invested outside of Canada, the CPPIB’s board of directors would benefit by expanding the talent pool to include directors who are not residents of Canada.
The amendment would allow for the appointment of up to three qualified persons who are not residents of Canada to serve on the board of directors of the CPPIB.