DCBank Menu Board of Directors About Board Of Directors Susan M. Anderson Co-Founder, Director & Chairwoman Committees: Compensation, Nominating & Corporate Governance, Conduct Review & Risk Policy Director Since: 2007 Ms. Anderson is the President and Chief Executive Officer of Cannonball Capital Inc., which has investments in venture companies, private and public equities as well as commercial real estate. Ms. Anderson is a co-founder, as well as the previous President and CEO, of DC Bank. After practicing corporate and commercial law for ten years, she co-founded DirectCash Payments Inc., a publicly-traded financial services company. DirectCash Payments grew organically and through acquisition to be the second-largest ATM company in the world. Susan is on the President’s Council at the University of Alberta and is a director of Revalesio Corporation. She is also on the Board of Lace ‘Em Up Foundation for Kids, a registered charity. In 2010, Susan received an Alumni Honour Award from the University of Alberta. Ms. Anderson was also honoured as one of the “most powerful women” in Canada by the Women’s Executive Network in 2010. She was the recipient of the Ernst & Young Entrepreneur of the Year (Prairies Region) award in 2005. Ms. Anderson graduated with distinction with a commerce degree from the University of Calgary in 1984 and in 1988 obtained a law degree from the University of Alberta. Catherine A. Butler Director, Conduct Review & Risk Policy Chair Committees: Audit, Conduct Review & Risk Policy Director Since: 2007 Ms. Butler is Director, Business Development of Wilmington Capital an investment company focused on oil and gas and real estate. Ms. Butler is also a partner & director of Beltline Brownstones Inc. Prior thereto, Ms. Butler was Analyst, Merchant Banking of the Blackstone Group, Analyst, Avenir Capital, a venture capital fund. Ms. Butler has been a registered portfolio manager with the Alberta Securities Commission and is a Chartered Financial Analyst, with a B.A. degree in Economics from Queen’s University. Gary H. Dundas Director, Audit Committee Chair Committees: Audit Director Since: 2007 Mr. Dundas is an independent business person and was the Vice President Finance, C.F.O., and a Director of Avenex Energy Corp. (and predecessors, “Avenex”), a publicly-traded oil & gas exploration and production corporation, from January 2003 to March 2013. Prior to joining Avenex, Mr. Dundas held positions of C.F.O., Vice President Finance, General Manager Corporate Development and Marketing and Controller, respectively, at Maxx Petroleum Ltd., a publicly traded junior oil and gas corporation over a seven-year period. Mr. Dundas has been a director of a number of private and publicly listed corporations and income trusts over the past 14 years. A Chartered Professional Accountant, CMA, Mr. Dundas obtained his Bachelor of Commerce and MBA degrees from the University of Calgary. Jeff G. Lawson Director, Compensation, Nominating & Corporate Governance Committee Chair Committees: Compensation, Nominating & Corporate Governance Director Since: 2007 Mr. Lawson joined Peters & Co. Limited, Canada’s first investment banking firm focused exclusively on the oil, natural gas and oilfield services industry, in January 2009. Mr. Lawson is a Principal and Director in the Corporate Finance group, and a member of the firm’s Executive Committee. Prior to Peters & Co., Mr. Lawson was Co-Head of the Securities Group and Member of the Executive Committee of the law firm of Burnet, Duckworth & Palmer LLP. He was twice named one of the top 40 lawyers under 40 in Canada, and has been recognized as one of Canada’s most creative lawyers and top cross-border corporate lawyers. Mr. Lawson has served on the board of directors of a number of public issuers, private companies and certain charitable organizations. He is currently the Chair of the President’s Think Tank at the University of Alberta, member of the Advisory Committee for the Faculty of Law at the University of Alberta, on the Board of Governors at the Calgary Petroleum Club, and a member of the Financial Sector Advisory Committee for Calgary Economic Development. Arie B. Prins Director Committees: Conduct Review & Risk Policy Director Since: 2013 Mr. Prins is an independent business person and was the Chief Financial Officer of Elbow River Marketing Ltd. (“Elbow River”) from 2009 to 2017. Mr. Prins has more than 20 years of well-developed financial acumen, strategic analysis and planning, and change management expertise. Prior to Elbow River, Mr. Prins experience extends to industries including power generation, energy sales and financial services, where he has held a number of senior financial positions including Chief Financial Officer of various TSX-listed public companies. Mr. Prins earned his Chartered Accountants designation with KPMG in 1992 and holds a Bachelor of Commerce from the University of Alberta. Jeffrey J. Smith President, Chief Executive Officer & Director Committees: - Director Since: 2007 Mr. Smith is a co-founder of DCBank and is the President and Chief Executive Officer. Mr. Smith is an entrepreneur with more than 30 years of experience in operating, financing, growing and managing large scale international financial services businesses. Mr. Smith was the President, Chief Executive Officer, Director and co-founder of DirectCash Payments Inc., a publicly traded financial services company with operations in Canada, Australia, the United Kingdom, New Zealand and Mexico. Mr. Smith has extensive experience in business valuation, the public equity and debt capital markets. Mr. Smith has sourced, negotiated, financed and integrated numerous acquisitions in Canada and internationally. In 2013, Mr. Smith was honoured as Industry Person of the Year – Prepaid & Payments by Payments eXchange, and in 2005, he was the recipient of the Ernst & Young Entrepreneur of the Year (Prairies Region). R. Bradley Hurtubise Director Committees: Audit Director Since: 2019 Mr. Hurtubise is an independent business person and was the President, Chief Executive Officer and Director of Eaglewood Energy Inc. (“Eaglewood”), a publicly traded oil and gas corporation from 2008 to 2014. Prior to joining Eaglewood, Mr. Hurtubise held positions of Managing Director, Global Head of Investment Banking at Tristone Capital Inc. and Executive Managing Director, Investment and Corporate Banking, BMO Nesbitt Burns. Mr. Hurtubise has over two decades of experience and has been a Director of a number of private and publicly listed corporations. Mr. Hurtubise holds a Bachelor of Commerce degree from the University of Calgary and an MBA from The Schulich School of Business in Toronto and is a Chartered Financial Analyst® charterholder. Ronald G. Waxman Director Committees: Compensation, Nominating & Corporate Governance Director Since: 2010 President of LRJ Consulting, a private security and banking consulting firm, since 2009. Mr. Waxman is a director of several Canadian companies involved in various industries. Previously he held various positions with Stanley Security Solutions, including Chief Operating Officer for Canada and Vice President, Strategic Initiatives. Before that he was a co-founder of Frisco Bay Industries Ltd. (“Frisco Bay”) in Montreal, Quebec acting as its Chief Operating Officer for over 20 years. Frisco Bay operated Canada’s third largest non-bank ATM Network until its sale to Stanley Security Solutions in 2004. Mr. Waxman holds a Bachelor of Commerce from Sir George Williams University (now Concordia). Committees Audit Committee Committee Chair - Gary Dundas Committee Members - Catherine Butler, Gary Dundas, R. Bradley Hurtubise The Bank’s Audit Committee’s general purpose is to assist the Board of Directors in its oversight of the integrity of the Bank's financial statements, the external auditor's qualifications and independence, the performance of both the external auditor and the Bank's internal audit function, the adequacy and effectiveness of internal controls, the Bank's compliance with legal and regulatory requirements including the Bank's compliance with anti-money laundering and terrorist financing legislation, and the integrity and policies of liquidity, banking and capital management. Compensation, Nominating and Corporate Governance Committee Committee Chair - Jeff Lawson Committee Members - Susan Anderson, Jeff Lawson, Ronald Waxman The Compensation, Nominating and Corporate Governance Committee is responsible for overseeing and assessing the functioning of the Board and the committees of the Board and for the development, recommendation to the Board, implementation, and assessment of effective governance principles and for the nomination of appropriate candidates to serve the Board as directors, as chair of the Board, as committee members and as committee chairs for the Board. In addition, the Committee shall undertake on behalf of the Board such other governance initiatives as may be necessary or desirable to enable the Board to provide effective governance for the Bank. The Committee shall also review and/or approve any other matters specifically delegated to the Committee by the Board. Conduct Review and Risk Policy Committee Committee Chair - Catherine Butler Committee Members - Catherine Butler, Susan Anderson, Arie Prins The purpose of the Conduct Review and Risk Policy Committee is to ensure that management has established policies and procedures relating to the compliance with the self-dealing provisions of the Bank Act and to direct and oversee risk management of the Bank, ensuring that management has in place policies and processes to manage the significant risks to which the Bank is exposed, including compliance applicable laws and regulations. The Committee is to understand the significant risks to which the Bank is exposed, under the Bank's risk framework, and the policies, procedures and controls used by management to assess and manage these risks. The Committee reviews actions taken to ensure a sound and consistent risk profile and risk appetite. 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