PenderFund

Independent Review Committee

The Manager, on behalf of the Funds, has established an Independent Review Committee (IRC) to provide impartial judgment where the Manager is faced with any actual or perceived conflict of interest between itself and the Funds. The IRC is currently comprised of Cameron Belsher, Kerry Ho and Brian Kenning. Don Campbell acts as Secretary to the IRC.

Cameron Belsher, LL.B.

Mr. Belsher has practiced corporate, securities and commercial law in Vancouver for over 20 years and is a senior partner with McCarthy Tetrault LLP.

Mr Belsher has extensive experience in public and private financing, and mergers & acquisitions for senior and junior market issuers. He has been named by the Lexpert/American Media Guide for several years as one of the top 500 lawyers in Canada and one of only three lawyers in Vancouver named in the area of corporate finance, securities , private equity and mergers and acquisitions. He was also recently named by Lexpert as one of the country’s Top 100 Canada-U.S. cross border deal lawyers.

Mr Belsher is a graduate of Osgoode Hall Law School.

Kerry Ho

Mr. Ho has been in the financial services industry for over 20 years, with much of his time and experience in mutual funds. From 1996 until 2001 Mr. Ho was the President of Peter Cundill and Associates and Cundill Mutual Funds. After Cundill was bought by MacKenzie Financial, Mr. Ho became Senior Vice President, Business Development for MacKenzie, responsible for product development and operations in Western Canada from 2001 until 2005. From 2005 to 2009, Mr. Ho was CEO of Inhance Investment Management, a subsidiary of VanCity that operated a family of mutual funds, and from 2009 until 2011 he was Vice President, Wealth Management for VanCity.

Mr. Ho is currently the Director of Client Finance and Administration for the Public Guardian and Trustee of/for the Province of British Columbia.

Mr Ho has a BComm from the University of Alberta and spent the early years of his career as a Chartered Accountant with Price Waterhouse, the Alberta Securities Commission and Imperial Oil.

John Webster

Mr. Webster spent over 30 years with PricewaterhouseCoopers LLP (PWC) until his retirement in June 2014. His roles included eight years as Managing Partner in British Columbia, three years as Assurance Leader in Romania and Southeast Europe, leader of the firm’s Mining Practice in Canada and a variety of leadership roles in the British Columbia technology sector. He has extensive experience as an audit partner and has provided advice to both private and public clients on large, complex transactions.

Mr. Webster is a Member of the Institute of Chartered Accountants in England and Wales, a Member (1983) and Fellow (2002) of the Chartered Professional Accountants of British Columbia, a CPA in Colorado (2005) and a Member of the Romanian Chamber of Auditors (CAFR) (2012).

Mr. Webster holds a BA (Hons) Degree in Economic and Social History from the University of Kent.

Don Campbell, LL.B.

Mr. Campbell provides regulatory advice to Pender and is the Secretary of the Independent Review Committee.  He has been practicing law in Winnipeg since 1990 and focuses his practice on advising clients in the advisory and mutual fund business.

From 2002 to 2003 he was the National Director of Compliance for IQON Financial Inc., a 400 advisor mutual fund dealer based in Winnipeg. He was Legal Counsel, Compliance, with Assante Asset Management Ltd. from 2000 to 2002.

Mr. Campbell has a law degree from the University of Manitoba and is a founding member of the Compliance Officers’ Forum of Manitoba.