About the Board
How Directors Are Appointed
At Kenwood Capital Management, directors are appointed through a rigorous and transparent nomination process designed to ensure independence, expertise, and accountability.
The process is overseen by an independent Nominating Committee, composed of experienced professionals and regional representatives. The committee evaluates potential candidates based on their backgrounds in investment management, corporate governance, finance, and business leadership.
The goal of this process is to ensure that only individuals with exceptional qualifications and a demonstrated commitment to fiduciary responsibility are selected to serve on the Board.
All appointments are finalized following a comprehensive vetting process, with input from relevant stakeholders and governance advisors. The framework ensures that the Board maintains institutional independence and a high standard of ethical and professional conduct.
Eligibility criteria and information on how to apply can be found in our Board Appointment Opportunities section.Eligibility criteria and information on how to apply can be found in our Board Appointment Opportunities section.
How Long Directors Serve
Each director serves a three-year term and may be re-appointed for additional terms based on performance and continued alignment with the organization’s mission.
To maintain continuity and long-term perspective, director terms are staggered, ensuring that Board renewal happens progressively and without disruption to strategic oversight.
A current list of directors and their terms of service is available below.
How long directors serve
Each director is appointed for a term of three years and is eligible to be re-appointed for one or more additional terms. To ensure continuity, the terms are staggered so that no more than half of the terms expire in the same year.
Find below the terms of office for existing directors.
| Director | Date of first appointment | Date current term expires |
|---|---|---|
| Dean Connor | August 4, 2021 | October 26, 2026 |
| Judith Athaide | November 10, 2022 | November 9, 2025 |
| Sylvia Chrominska | September 4, 2018 | September 3, 2024 |
| William ‘Mark’ Evans | May 9, 2019 | March 13, 2026 |
The Responsibilities of Directors
The principal duty of the Board of Directors is to oversee the management of the business affairs of Kenwood Capital Management. Specific duties include:
- Establishing investment policies, standards, and procedures;
- Appointing an independent auditor;
- Approving procedures to identify and resolve conflicts of interest;
- Developing a Code of Conduct for directors, officers, and employees;
- Appointing the President and Chief Executive Officer;
- Monitoring management, including decisions requiring Board approval and assessing management’s performance;
- Approving financial statements; and
- Assessing the performance of the Board itself.
Procedures for the Assessment of Board Performance
Soon after its inception, the Board established an annual process for evaluating its own performance and that of its committees. The Board later incorporated a Chairperson Effectiveness Assessment process to enhance these evaluations. Under this process, assessments are conducted through confidential questionnaires, which are summarized and reviewed by the full Board, providing a basis for action plans for improvement.
The Board conducts a confidential annual peer review to assist each director in identifying self-development initiatives and providing the external nominating committee with guidance when considering individual reappointments. The Chairperson also meets formally with each director as part of the Board and individual director assessment process.
Board Expectations of Management
Management is expected to comply with all regulations and policies approved by the Board of Kenwood Capital Management. Management develops, with involvement from the Board, the strategic direction of the organization in response to its growing asset management responsibilities and the evolving outlook for global financial markets. The strategy incorporates risk management policies and controls, as well as monitoring and reporting mechanisms.
Management is responsible for developing benchmarks that objectively measure the performance of markets and asset classes in which Kenwood Capital Management’s assets are invested. These benchmarks support the Board’s evaluation of management’s investment performance and help structure performance-based compensation incentives.
Management is expected to make full and timely disclosure to the Board and the public of all material activities, including:
- New investments
- The engagement of operational and investment partners
- Quarterly and annual financial results
- Developments that may affect Kenwood Capital Management’s reputation
How Directors Are Paid
At least every two years, the Governance Committee of the Board is responsible for making recommendations with respect to Directors’ compensation. Changes, if any, are recommended to the Board for approval.
The Board has a duty to maintain a compensation approach for directors that:
- Upholds leading governance performance
- Supports the recruitment and retention of directors of the highest quality with relevant business, international, and investment experience
- Reflects the considerable time required
In making recommendations with respect to compensation, the Board is guided by Kenwood Capital Management’s Director Compensation Philosophy, which outlines unique pay principles tailored to the organization’s mandate.
