Leadership is set as regulator balances experience with new perspectives
The Canadian Investment Regulatory Organization (CIRO) announced the election of 12 Board Directors during its Annual General Meeting on Sept. 25, 2025, with 10 directors re-elected and two new members joining the Board for the first time following earlier appointments.
The newly elected directors will each serve a two-year term. Independent directors include Kathryn Chisholm, Miranda Hubbs, Helena Gottschling, Louis Marcotte, Philip Mayers, Jennifer Newman, and Laura Tamblyn Watts. Industry directors are Debra Doucette, Robert Frances, Kevin Kennedy, Michelle Khalili, and Timothy Mills.
Hubbs, who serves as chair of the Board, said the directors’ collective expertise strengthens the organization’s oversight role.
“CIRO’s Board provides strategic and practical guidance on key issues, whether through our regular Board meetings or through Board Committees,” Hubbs said. “I am grateful to our Directors for their service and commitment to CIRO’s mission.”
Kevin Kennedy and Helena Gottschling were appointed earlier this year, while Rhonda Goldberg was elected to a two-year term at the 2024 AGM. CIRO president and CEO Andrew Kriegler also sits on the Board.
Kriegler highlighted the continuity provided by the re-elected directors and the guidance they offer management.
“The Board has provided me and CIRO’s management team with invaluable support, guidance and counsel since our amalgamation,” he said. “We look forward to continuing to build on the Strategic Plan and to deliver efficiencies to members.”
The Board’s composition reflects CIRO’s national mandate, with members bringing regional and sectoral perspectives.
Earlier this month, CIRO has also published its 2025 Annual Report, highlighting notable advances in integration efforts, regulatory expansion and enforcement. The report states that CIRO has received additional enforcement powers in Ontario and that Québec’s passage of Bill 92 will transfer further powers to CIRO before July 4, 2026. In July, the Canadian Securities Administrators (CSA) released the results of its oversight review of CIRO, identifying three medium-priority findings for remediation, while otherwise affirming CIRO’s compliance with recognition orders.
