A Commitment to High Standards
The Board of Directors either directly or through board committees is responsible for the supervision of the business and affairs of the Corporation with the objective of enhancing shareholder value. The Board believes that sound corporate governance is essential to the well-being of the Corporation, and the promotion and protection of its interests.
The Board has adopted a mandate which reflects the Corporation’s commitment to high standards of corporate governance, to assist the Board in supervising the management of the business and affairs of the Corporation as required under applicable law and the rules and regulations of the stock exchanges upon which the Corporation’s stock is listed. The Board regularly monitors the financial performance of the Corporation, including receiving and reviewing detailed financial information contained in management reports. The Board promotes fair reporting, including financial reporting, to shareholders of the Corporation and other interested persons as well as ethical and legal corporate conduct through an appropriate system of corporate governance, internal controls and disclosure controls. The Board believes that the Corporation is best served by a Board of Directors which functions independently of management and is informed and engaged.
Board Of Directors
Terence M. Kavanagh, Chairman*
Terence M. Kavanagh has, since 1997, served as President and a Director of Oakmont Capital Inc., a Toronto-based private investment company. Mr. Kavanagh received a Bachelor of Law degree from Western University in 1978, and an M.B.A. from the Tuck School of Business at Dartmouth College in 1982.
Gregory P. Hannon, Director
Gregory P. Hannon has been a Vice-President and Director of Oakmont Capital Inc., a Toronto-based private investment company, since 1997. Mr. Hannon received a Bachelor of Commerce degree from Queen’s University in 1978 and an M.B.A. from The Harvard Business School in 1987.
Doug Levine, Director
Doug Levine has been the President of Levine Management, a real estate developer, since January 2013. He graduated in 1980 from Tufts University with a Bachelor’s Degree in Economics.
Joseph D. Stilwell, Director
Joseph D. Stilwell is the owner and managing member of Stilwell Value LLC, the General Partner of a group of funds known as The Stilwell Group. He graduated in 1983 from the Wharton School at the University of Pennsylvania with a Bachelor of Science in Economics.
Corissa B. Porcelli, Director
Corissa B. Porcelli began her career as an Analyst with The Stilwell Group. She was subsequently promoted and now serves as the Director of Research. Ms. Porcelli is a Chartered Financial Analyst. She graduated in 2008 from the University of Pennsylvania with a Bachelor of Arts in Economics and Psychology.
* The Chairman presides at all meetings of the Board and all executive sessions held without management.
John T. Fitzgerald, Chief Executive Officer and Director
John T. Fitzgerald has served as Chief Executive Officer of Kingsway since September 2018. Mr. Fitzgerald joined Kingsway as Executive Vice President on April 21, 2016 following Kingsway’s acquisition of Argo Management Group, a private equity investment partnership co-founded by Mr. Fitzgerald in 2002. Effective March 8, 2017, Mr. Fitzgerald was appointed President and Chief Operating Officer of Kingsway. Mr. Fitzgerald received a Bachelor of Science degree from DePaul University and is an MBA graduate of the Kellogg School of Management, Northwestern University.
Kent A. Hansen, Executive Vice President and Chief Financial Officer
Kent A. Hansen has served as CFO of the Corporation’s subsidiary, Kingsway America Inc., since December 2019 and Executive Vice President and CFO of the Corporation since February 2020. Prior to joining the Corporation, Mr. Hansen served as Chief Accounting Officer and Controller of LSC Communications, Inc. from 2016 to 2019. His earlier experience includes roles in accounting and financial reporting at Accenture and as an auditor at Ernst and Young LLP. Mr. Hansen holds a bachelor of business administration degree from the University of Michigan, Ann Arbor and an MBA degree from the Kellogg School of Management, Northwestern University.
|Audit Committee||Compensation & Management Resource Commitee||Nominating & Governance Committee||Investment Committee|
|Terence M. Kavanagh|
|Joseph D. Stilwell|
|Gregory P. Hannon|
|Corissa B. Porcelli|
Gregory P. Hannon, Chair
Doug Levine, Member
Corrissa B. Porcelli, Member
Compensation & Management Resource Committee
Terence M Kavanagh, Chair
Joseph D. Stilwell, Member
Nominating & Governance Committee
Joseph D. Stilwell, Chair
Gregory P. Hannon, Member
Doug Levine, Chair
Terence M. Kavanagh, Member
Joseph D. Stilwell, Member