Ontario Announces New Board Chair
Ontario announced on February 15, 2011, the appointment of Selma Lussenburg as the new Chair of the OCGC’s Board of Directors.Ms. Lussenburg has extensive private sector experience with AT&T and OMERS, and a background in corporate governance, including serving as the Corporate Secretary to the OMERS Board of Directors. Ms. Lussenburg is a director of the Association of Corporate Counsel (Ontario Chapter), Canadian Co-Chair of the Business Outreach Committee of the Trade Ministers NAFTA 2022 Advisory Committee on the Resolution of Private Commercial Disputes, an Executive Committee Member of the Canada-U.S. Law Institute Advisory Board.Ms. Lussenburg holds degrees from the University of Ottawa (BA & LLB, Cum Laude), the Australian National University (LLM), and is a Chartered Director from the Directors College, DeGroote School of Business, McMaster University. Ms. Lussenburg is a member of the Institute of Corporate Directors and the Centre for Ethics and Corporate Policy. The Ontario government is committed to ensuring that the OCGC remains responsibly governed. The naming of Ms. Lussenburg as Chair provides strategic leadership and direction to the Board. Her selection will safeguard the OCGC’s ability to continue to meet its mandate as a fund-of-funds investor and a direct investor in Ontario emerging technology companies while maintaining the highest standards of integrity and good governance.The OCGC was established by the Ontario Capital Growth Corporation Act 2008 and was launched on February 27, 2009. The principal business of the OCGC is to manage the interest of the Government of Ontario in the limited partnership known as the Ontario Venture Capital Fund LP (OVCF) and to manage and operate the Ontario Emerging Technologies Fund (OETF).