CONTENTS Director Journal Departments Editorial EDITOR Editor’s note Simon Avery ART DIRECTOR Managing extremes 04 Lionel Bebbington CONTRIBUTORS CEO insights Jeff Buckstein, Guy Dixon, Virginia Rahul Bhardwaj on how mental health has become a game changer 05 Galt, Josie Portillo, Serge Rivest, Barbara Smith, Samuel Tessier, Prasanthi Vasanthakumar, Shirley Won Dispatches 06 Executive Lead The great office debate, adding an element of hope for news junkies, calling all global directors, and aviation’s worst polluters Heather Wilson Senior Director, Policy and Research Issues 11 Institute of Bewildering governance Corporate Directors Directors’ dilemma Rahul Bhardwaj - President and CEO Heather Wilson on determining whether your 12 Richard Piticco - Chief administrative officer board needs a risk committee Ady Jonsohn - Vice-president, education Jan Daly Mollenhauer - Vice-president, sales, marketing and membership Directors on the move Kathryn Wakefield - Vice-president, Recent board appointments across the country 44 chapter relations Finally Content Parting shot 50 Eric Schneider - President The disappearing Arctic Abi Slone - Creative director Dana Francoz - Advertising sales [email protected] 416-726-2853 Features Building trust and confidence in Canadian ICD Fellow insights organizations is imperative. At the Institute of Corporate Directors (ICD), we believe that this Jean Houde’s public and private sector experience has helped 14 starts with the right leadership and good gover- make him a natural fit as chair of National Bank of Canada nance. Directors must lead by being informed, prepared, ethical, connected, courageous and engaged with the world. In the pages that follow, you will find thoughtful and provocative articles Cover story that explore these essential leadership qualities. Executive mental health requires the board’s attention 22 Bâtir la confiance envers les organisations can- adiennes est primordial. À l’Institut des admin- istrateurs de sociétés (IAS), nous croyons que Risk management O cela commence par un bon leadership et une LL bonne gouvernance. Les administrateurs doivent Ready for the recession 30 RTI gouverner en étant informés, préparés, intègres, O connectés, courageux et ouverts sur le monde. E P Dans les pages qui suivent, vous trouverez des Living wages I articles réfléchis et provocateurs qui explorent S ces qualités de leadership essentielles. O The great compensation divide 38 N: J O 2701 – 250 Yonge Street, Toronto, Ontario M5B 2L7 TI T: 416-593-7741 F: 416-593-0636 E: [email protected] Recommended reading TRA ISSN 2371-5634 (Print) S www.icd.ca ISSN 2371-5650 (Online) In Innovation in Real Places: Strategies for Prosperity in an 46 LLU The ICD welcomes a diversity of opinion for inclusion in Unforgiving World, author and innovation expert Dan Breznitz R I Director Journal. The contents of this publication do not necessarily reflect the opinions of the ICD, its partners, urges governments and businesses to ditch the Silicon Valley model VE its sponsors, or its advertisers. Readers are encouraged O to consider seeking professional advice and other views. of success and focus instead on regional competitive advantages C To request reprints of articles, please contact [email protected]