Board renewal at Canada Mortgage and Housing Corporation (CMHC) is opening up positions for a new chairperson and five directors. Applications can be submitted via the federal website for Government in Council appointments up to October 10, 2023.
“Finding the right candidates to join the CMHC Board of Directors will help ensure the continued delivery of CMHC’s important work to improve access to affordable, safe and inclusive housing options for Canadians,” observes Sean Fraser, Canada’s Minister of Housing, Infrastructure and Communities.
The Crown corporation has an 12-member board including CMHC’s president and chief executive officer, two federal deputy ministers, the chairperson and eight other directors. With this 50 per cent turnover, the federal government is seeking replacements with senior management experience in either the public or private sectors and a background in risk management, financial services, real estate financing/development or housing policy. A professional accounting designation, understanding of the workings of government and the public sector, affordable housing insight and proficiency in both English and French are also preferred attributes.
All board members are compensated at a per diem rate of $470 to $555 for their required meetings. As well, the chairperson will receive an annual retainer of $12,200 to $14,300, while directors are eligible for $6,100 to $7,200.
