2015 Selection Committee

Bruce Waterman, FCPA, FCA
Corporate Director and Canada’s 2008 CFO of the Year

Mr. Waterman is a Corporate Director. He retired in January 2013 from Agrium Inc. (a public agricultural company) as Executive Vice President, having held senior roles as Chief Financial Officer, as well as in Business Development and Strategy since April 2000. Mr. Waterman is a director of Enbridge Income Fund Holdings Inc., a Trustee of Enbridge Commercial Trust and a director of Irving Oil Limited (a private oil and gas company). Prior to Agrium, he was Vice President and Chief Financial Officer of Talisman Energy Inc. (a public oil and gas company) from January 1996 to April 2000. Mr. Waterman also has extensive expertise in oil and gas exploration and production operations, having spent 15 years (1981 to 1996) at Amoco Corporation, including Dome Petroleum Limited, a predecessor company. 

John Clappison, FCPA, FCA
Greater Toronto Area Managing Partner of PwC from 1990 – 2005
Mr. Clappison was the Greater Toronto Area Managing Partner of PricewaterhouseCoopers from 1990 to 2005, having been a partner in the firm since 1980. He joined Price Waterhouse in 1968. He has lectured on accounting practices at Ryerson University, the University of Toronto and the Ontario Institute of Chartered Accountants School of Accountancy. Mr. Clappison is a Chartered Accountant and is a Fellow of the Institute of Chartered Accountants of Ontario.
Mr. Clappison serves on the board of directors of Cameco Corp., Canadian REIT, Rogers Communications Inc., Sun Life Assurance Company of Canada and Sun Life Financial Inc.
John is very active within the community and served on the board of directors of Shaw Festival Theatre Foundation from 1977-1989, The Corporation of Massey Hall and Roy Thomson Hall from 1991-1997 and The Art Gallery of Ontario Foundation from 1997-2004. Currently John is on the board of directors for St Michael's Hospital Foundation and The Shaw Festival Theatre Endowment Foundation.
Mr. Clappison holds a BA from the University of Toronto.

Janice Fukakusa
Chief Administrative Officer and Chief Financial Officer, RBC

Janice Fukakusa is RBC’s Chief Administrative Officer and Chief Financial Officer. As a member of RBC’s Group Executive, she is one of eight executives responsible for setting the overall strategic direction of RBC. In addition, she chairs Group Operating Committee, responsible for enabling the integration of governance and overseeing the day to day functional, operating and technology activities across RBC.

Prior to her current role, Ms. Fukakusa was Executive Vice-President, Finance. Her various roles and responsibilities included Vice-President, Portfolio Management, Senior Vice-President, Multinational Banking, Chief Internal Auditor, and Executive Vice-President, Specialized Services, RBC Banking. Since joining RBC in 1985, she has held positions in retail and business banking, corporate banking, account management, corporate finance, treasury, strategic development and corporate functions.

Ms. Fukakusa is a director of various RBC subsidiaries, including RBC Europe Limited, and Symcor Inc. She serves on a number of professional and charitable organizations including Wellspring Cancer Support, The Princess Margaret Cancer Foundation, Ryerson University and Schulich School of Business. In addition, Ms. Fukakusa has been named a Fellow of the Institute of Chartered Professional Accountants of Ontario (FCPA). In 2007 she was inducted into Canada’s Most Powerful Women Hall of Fame and in 2013, she was named as one of the 25 Most Powerful Women in Banking by American Banker magazine. Ms. Fukakusa was selected as Canada’s CFO of the Year by Financial Executives Canada, PwC and Robert Half in 2014.

Prior to joining the bank, Ms. Fukakusa worked at PricewaterhouseCoopers LLP where she obtained the professional designations of Chartered Professional Accountant and Chartered Business Valuator.
Ms. Fukakusa obtained her Bachelor of Arts from University of Toronto and holds a Master of Business Administration from Schulich School of Business.


Maureen Kempston Darkes, O.C., O.Ont., D.Comm., LL.D.
General Motors Corporation Group Vice President
President, GM Latin America, Africa and Middle East (Retired)
Current Directorships:
Canadian National Railway, Brookfield Asset Management, Irving Oil, and Enbridge Inc.
Maureen Kempston Darkes was appointed General Motors Corporation Group Vice President and President, GM Latin America, Africa and Middle East (LAAM) and a member of the General Motors Automotive Strategy Board, effective January 1, 2002, a position which she held until her retirement from General Motors in December, 2009.   Prior to this appointment, she was President and General Manager of General Motors of Canada Limited (GMCL) and Vice President of General Motors Corporation from 1994 to 2001.
After joining the General Motors of Canada Limited Legal Staff in 1975, she became assistant counsel in 1979. She served on the General Motors Corporation Legal Staff in Detroit in 1979-1980 and headed the GM of Canada Tax Staff from 1980 to1984.  From 1985 to 1987, she worked in the GM Treasurer's Office in New York and subsequently held the position of acting treasurer for GM of Canada until her appointment as General Director of Public Affairs for GMCL in April 1987.  She was appointed GMCL Vice President of corporate affairs in 1991 and elected to the GMCL Board of Directors.  In addition to her corporate affairs responsibilities, she was appointed General Counsel and Secretary of GMCL in July 1992.
Kempston Darkes currently serves on the boards of Canadian National Railway, Brookfield Asset Management, Irving Oil, and Enbridge Inc.  She has also served on the Boards of Brascan, Noranda, Falconbridge, and Thomson Corporation.  During her tenure as President of GM of Canada, she was a board member of the Vehicle Manufacturers' Association; the Ontario Government Education, Quality and Accountability Board; and the Ontario Minister of Health's Women's Health Council. Kempston Darkes was appointed by the federal government to the Free Trade Agreement Automotive Select Panel in 1989 and, in 1994, to the Transportation Equipment Sectoral Advisory Group on International Trade.
She also serves on the University of Toronto President's International Alumni Council, and is a Director of Bridgepoint Health Foundation.  She has served as the former chair for major gifts for Women's College Hospital Fund Raising Campaigns; co-chaired the BC Cancer Foundation's Millennium Campaign, focused on genome science and research into finding cures for and treatment of cancer.
Kempston Darkes was born and raised in the Toronto area.  She holds a Bachelor of Arts degree in history and political science from Victoria College, University of Toronto.  She also holds a Bachelor of Laws degree from the University of Toronto Law School and is called to the Bar of Ontario.
She has received honorary doctor of law degrees from the University of Toronto, University of Victoria, McMaster University, Dalhousie University, Wilfrid Laurier University, and the Law Society of Upper Canada, an honorary doctorate of business administration from Laurentian University and an honorary doctor of commerce degree from Saint Mary's University.
In 1997, Kempston Darkes received The Order of Ontario and was appointed as an Officer of the Order of Canada in 2000. The American Bar Association in 1998 recognized her with the Margaret Brent Women Lawyers of Achievement Award.  In 1999, she received the Distinguished Service Citation from the Automotive Hall of Fame.  In 2006, she received the Government of Canada’s Governor General’s Award in Commemoration of the Persons Case.

Alice Laberge
Former President and Chief Executive Officer, Fincentric Coorporation

Alice D. Laberge, of Vancouver, British Columbia, is a Corporate Director and the former President and CEO of Fincentric Corporation, a global provider of software solutions to financial institutions. She was previously Senior Vice President and CFO of MacMillan Bloedel Limited. She is a director of the Royal Bank of Canada, Russel Metals Inc. and St. Paul’s Hospital Foundation, and is a member of the Board of Governors of the University of British Columbia. She joined the PCS Inc. board in 2003.

Jo Mark Zurel, FCPA, FCA, ICD.D
Stonebridge Capital Inc.
Jo Mark Zurel, FCPA, FCA, ICD.D is President of Stonebridge Capital Inc., a private investment company, and a Corporate Director. From 1998 to 2006, Mr. Zurel was Senior Vice-President and Chief Financial Officer of CHC Helicopter Corporation, helping to build it into the world's largest helicopter operating company. He is on several corporate boards, including Major Drilling, the CPP Investment Board, and Highland Copper, and is the Chairman of Newfoundland Power.
Jo Mark is active in his community, supporting many not-for-profit organizations. His current and recent not-for-profit activities include Chair of the Atlantic Provinces Economic Council, Chair of the St. John’s Board of Trade, chair of Junior Achievement of Newfoundland and Labrador and Chair of its Newfoundland and Labrador Business Hall of Fame Committee, Chair of the Canadian Red Cross “Prepared” capital campaign, angel investor with the Newfoundland and Labrador Angel Network, board member with the Dr. H. Bliss Murphy Cancer Care Foundation, Propel ICT, and the Institute of Corporate Directors.

Jo Mark was named one of Canada’s Top 40 under 40 in 2000, has been granted the ICD.D from the Institute of Corporate Directors, and is a Fellow of the Institute of Chartered Accountants of Newfoundland and Labrador.

Suzanne B. Labarge
Board of Directors and Chair of the Audit Committee, Coca Cola Enterprises
A native of Ottawa, Ms. Labarge holds a Bachelor of Arts degree in economics from McMaster University and a Master of Business Administration from the Harvard Business School.
Ms. Labarge joined Royal Bank in 1971 and held a variety of positions within the bank prior to being appointed an executive officer in 1979.  She left the bank in 1985 to join the federal government as assistant auditor-general where  she was responsible for a report on Financial Management and Control in the Government of Canada.
She joined the Office of the Superintendent of Financial Institutions Canada in 1987 as deputy superintendent, policy responsible for developing regulatory policies for Canadian financial institutions. She was a member of the BIS Committee for Bank Supervision.  In her last position as deputy superintendent, deposit-taking institutions, Ms. Labarge was responsible for all matters relating to deposit-taking institutions.
Ms. Labarge returned to the bank as executive vice-president, Corporate Treasury, in April 1995. She assumed the role of chief risk officer in October 1998 and was appointed vice-chairman and chief risk officer in February 1999. She retired from that position in December 2004.

Ms. Labarge is a member of the Board of Directors and Chair of the Audit Committee of Coca-Cola Enterprises. She also serves on the Board of Directors, the Audit Committee and the Risk and Finance Committee of XL Group and is trustee for a Canadian family trust and director of associated companies. She has served as a member of the Supervisory Board and Risk Committee of Deutsche Bank, as a director and chair of the audit committee of Novelis Inc and was also a member of the Board of the Bank of China, Beijing.


She served on the Board of Governors for McMaster University for twelve years. She was appointed Chancellor of McMaster University in Sept. 2013. She also serves on the board of the Ontario Brain Institute.


She was granted an honorary Doctor of Letters degree degree from McMaster University and is a recipient of the Queen’s jubilee medal