About Brandes' IRC
In 2007, the Canadian Securities Administrators enacted
legislation requiring all mutual funds to establish an independent
review committee for the funds. The mandate of the Brandes IRC is
to review all conflict of interest matters referred to it by
Brandes, and consider whether Brandes' proposed actions achieve
a fair and reasonable result for the Brandes Funds. Brandes will
refer for approval or recommendation all situations where a
reasonable person could consider Brandes to have an interest that
could conflict with the interests of the Brandes Funds.
On an annual basis, the Brandes IRC will report to unitholders
regarding its activities on behalf of the Brandes Funds (see links
right).
IRC Members
Brandes is very pleased that the following distinguished
individuals have agreed to serve as the initial members of the
Brandes IRC. You may contact the Brandes IRC by e-mail at
irc@brandes.com.
Nicholas Le Pan
Chair of the Brandes IRC
Formerly Superintendent of Financial Institutions, OSFI
Nicholas Le Pan served as Superintendent of Financial
Institutions, Office of the Superintendent of Financial
Institutions (OSFI), from 2002 to October 2006 and as Deputy
Superintendent from May 2000 until 2002. Previously he was
responsible for overseeing the supervision programs for banks,
other deposit-taking institutions, life and general insurers, and
federally regulated private pension plans. Before joining OSFI, Mr.
Le Pan served as special advisor to the Deputy Minister, Department
of Finance. He also served as the department's Assistant Deputy
Minister, Financial Sector Policy Branch.
Colum P. Bastable
President & Chief Executive Officer, Cushman &
Wakefield LePage Inc.
In 1976 Mr. Bastable joined Royal LePage as Vice President
Finance, and in 1981 became Chief Financial Officer and Executive
Vice President. In 1993 he became President & Chief Executive
Officer, of Royal LePage Limited and Managing Partner of Commercial
Real Estate Services, Brascan Corp. In 2005 Royal LePage Inc. was
acquired by Cushman & Wakefield of New York, and Mr. Bastable
was named President & Chief Executive Officer of Cushman &
Wakefield LePage Inc. Mr. Bastable is a fellow of The Institute of
Chartered Accountants in Ireland and a member of the Global
Management Team and Advisory Board of Directors of Cushman &
Wakefield LePage Inc.
Gerald Moloney
Principal, Gerald Moloney Associates, Dublin Ireland
Mr. Moloney took early retirement from Managing Director of AIB
Corporate Finance Ltd. in 1993 to focus on consultancy to the
investment industry. He is a former Investment Director of AIB
Investment Managers Ltd. and Chief Executive of Allied Irish
Securities Ltd. He is currently an independent director of a number
of international financial services, investment fund, and fund
management companies, including Brandes Investment Funds plc.
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