Board of Directors


Our board of directors is made up of highly experienced, dedicated and knowledgeable professionals who each have expertise in all key areas of Dream’s businesses. Our board currently consists of 7 members:

 

IndependentAudit CommitteeGovernance & Nominating CommitteeOrganization Design & Culture CommitteeLeader & Mentors Committee
Michael J. CooperChair
Joanne FerstmanYChairMemberMember
Richard GatemanYMemberChair
P. Jane GavanMember
Duncan JackmanY
Jennifer Lee KossYMemberMember
Vincenza SeraYMemberChairMemberMember
Michael J. Cooper
Joanne FerstmanChair
Richard Gateman
P. Jane Gavan
Duncan Jackman
Jennifer Lee Koss
Vincenza Sera
Michael J. Cooper is the President and Chief Responsible Officer of Dream, the founder of Dream Asset Management Corporation (“DAM”), and the founder and Portfolio Manager of Dream Hard Asset Alternatives Trust (“Dream Alternatives”). He has an extensive track record in the real estate industry dating back to 1986. He helped found DAM (formerly Dundee Realty Corporation) in 1996. Under his leadership, the business has grown to $15 billion of commercial real estate, residential land and housing development, and renewable energy infrastructure assets under management. Among his accomplishments, Mr. Cooper is responsible for the formation of four TSX-listed investment trusts: Dream Office REIT, Canada’s largest office REIT; Dream Global REIT, a Canadian REIT investing in commercial real estate assets exclusively outside of Canada; Dream Industrial REIT, the largest pure-play industrial REIT in Canada; and Dream Alternatives, a mutual fund trust focused on hard asset alternative investments. He earned a Bachelor of Laws degree from the University of Western Ontario and a Master of Business Administration from York University. Mr. Cooper currently sits on the board of directors of Dream Unlimited Corp., Dream Alternatives, Dream Global REIT, Dream Industrial REIT, Dream Office REIT, EL Financial Ltd., and Real Property Association of Canada (“Realpac”).
Ms. Joanne Ferstman currently serves as a corporate director, sitting on public company boards. Over an 18 year period and until her retirement in June 2012, Ms. Ferstman held a variety of executive positions with the Dundee Group of Companies. Most recently, Ms. Ferstman was the President and Chief Executive Officer of Dundee Capital Markets Inc., a full service investment dealer with principal businesses including investment banking, institutional sales and trading and private client financial advisory. Prior to January 31, 2011, Ms. Ferstman was Vice-Chair and Head of Capital Markets of DundeeWealth Inc., a diversified wealth management company. Prior to 2009, Ms. Ferstman was Executive Vice President and Chief Financial Officer of Dundee Wealth Inc. and Executive Vice President, Chief Financial Officer and Corporate Secretary of Dundee Corporation. In these senior financial roles, Ms. Ferstman was actively involved in all corporate strategy, including acquisitions and financings, and was responsible for all public financial reporting. In addition, Ms. Ferstman regularly represented Dundee Corporation on investee company boards and audit committees across various sectors. Prior to joining the Dundee Group of Companies, Ms. Ferstman spent four years as Chief Financial Officer for a national securities firm and five years at a major international accounting firm. Ms. Ferstman earned a Bachelor of Commerce and a Graduate degree in Public Accountancy from McGill University and is a Chartered Professional Accountant.
Mr. Richard N. Gateman is Vice President, Major Projects Business Development with TransCanada PipeLines Limited. He has 32 years of oil and gas, midstream gas processing and pipeline project experience in the areas of corporate law, transactions, stakeholder relations and business development. Mr. Gateman is also the President of Coastal GasLink Pipeline Ltd., a TransCanada subsidiary which is developing a multi-billion dollar pipeline project in the province of British Columbia. Prior to this role, Mr. Gateman was Vice President, Northern Development for TransCanada, where he was responsible for TransCanada’s involvement in the Mackenzie Gas Project and for the origination and advancement of new Canadian business development projects. Mr. Gateman currently sits on the board of directors of a private oil and gas exploration and development company and has held past executive and board positions in a number of charitable organizations and international business entities. Mr. Gateman holds a Bachelor of Arts degree from the University of Calgary and a Bachelor of Laws from the University of Western Ontario.
Ms. Jane Gavan is the President, Asset Management of Dream and has more than 29 years of experience in the real estate industry. Ms. Gavan is responsible for international real estate investments and serves as Chief Executive Officer of Dream Global REIT, a Canadian REIT that invests in commercial real estate assets exclusively outside of Canada. Ms. Gavan is also responsible for Canadian real estate investments and serves as Chief Executive Officer of Dream Office REIT. Since joining Dream in 1998, Ms. Gavan has played a key role in numerous transactions including the acquisition of Lehndorff Properties, the 2003 business restructuring that resulted in the creation of Dream Office REIT, Dream Office REIT’s $2.3 billion portfolio sale to GE Real Estate, and the initial public offering of Dream Global REIT. Prior to joining Dream, Ms. Gavan served as legal counsel for numerous companies including Oxford Properties Group, and Denison Mines Corp., and began her career in private law practice with Blake, Cassels & Graydon LLP, specializing in real estate and corporate finance. She earned an Honours Bachelor of Commerce degree from Carleton University and a Bachelor of Laws degree from Osgoode Hall, York University. Ms. Gavan currently sits on the board of directors of Dream Unlimited Corp., Dream Global REIT, Dream Alternatives Trust, the Women's College Hospital Foundation, and is on the Patron's Council for Community Living Toronto.
Mr. Duncan Jackman is Chairman and Chief Executive Officer of E-L Financial Corporation Limited, an investment and insurance holding company. Mr. Jackman oversees the company’s investments by sitting on the boards of directors of the subsidiaries and the other companies in which the company has significant shareholdings, including by serving as Chairman of Algoma Central Corporation and Chairman and President of Economic Investment Trust Limited and United Corporations Limited, two closed-end investment companies. He earned a Bachelor of Arts degree from McGill University.
Ms. Jennifer Lee Koss is the Co-Founder and Builder of Business of BRIKA --the pre-eminent retail platform for contemporary, elevated craft online and offline representing a community of over 400 of the most talented artisans and designers. Prior to launching her business, she spent nearly five years at Ontario Teachers' Private Capital investing in consumer/ retail companies and in large private equity global funds. Her work experience also includes management consulting at The Bridgespan Group and The Parthenon Group, focusing on private equity due diligence, and in investment banking at JPMorgan. Jennifer is a Juilliard-trained cellist and holds an AB degree magna cum laude from Harvard College, an MPhil from Oxford University and an MBA from Harvard Business School.
Ms. Vincenza Sera is an active corporate director who currently sits on the board of Investment Management Corporation of Ontario (IMCO) which will manage over $50 billion in assets for various Ontario stakeholders. Prior to this she was Chair of the Ontario Pension Board for nine years. In addition to the public companies listed below, Ms. Sera currently sits on the Board of Directors of the Ontario Financing Authority. Ms. Sera was an investment banker with more than 25 years of experience in capital markets, corporate finance and corporate governance. She has held senior positions with National Bank Financial, First Marathon Securities and Canadian Imperial Bank of Commerce. Ms. Sera holds an MBA from the University of Toronto and is a graduate of the Directors Education Program (ICD.D). Ms. Sera is also the Chair of the board of trustees of Dream Industrial REIT.

Read more about our Board of Directors

Committees


Dream’s Committees assist in the effective fun­c­tioning of the Board and help ensure that the views of Independent ­Directors* are effectively represented.

 

The Board has established four committees:

  • Audit Committee;
  • Governance and Nominating Committee;
  • Organization Design and Culture Committee; and
  • Leaders and Mentors Committee.

*Independent Director

A Director that is independent within the meaning of NI 58–101. An Independent Director is one who is not an employee or executive officer of Dream and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Read more about our Committees

Charters & Policies

Dream is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance’.

Read more about our Charters & Policies

Sustainability


We believe sustainability isn’t an option, it’s a necessity. Therefore, it is our responsibility to work in a way that is sustainable for the environment, our employees, and our company.

When it comes to sustainability, we are focused on three areas:

Environment

Environment
We integrate waste management policies to our office buildings, and invest in renewable energy production.

Social

Social
We encourage employee engagement and well-being, and invest in the communities in which we live and work.

Governance

Governance
We conduct our business in an ethical manner and have a board committee that oversees the company’s good corporate governance.

Sustainability Highlights

csrstats

* Environmental performance data reflects the operations of Dream Office REIT only (unless otherwise indicated) and covers the performance period of January 1st to December 31st, 2014.
We are pleased to present our first Corporate Sustainability Report. The report showcases our sustainability commitment to our stakeholders and highlights our aspiration to build better communities for people to work and live in.

Sustainability is a focus of our business strategy, in this report you will read many examples of how we are building better communities, such as:

  • Initiatives that are saving energy, water and reducing landfill waste at Dream properties across the country
  • Collaborative endeavors aimed at moving our entire industry forward through partnerships with organizations such as Women’s College Hospital, Right to Play and the Shoebox Project, just to name a few.
  • Investments into sustainable projects that will strengthen and enhance the communities that we operate in and serve

We view our Corporate Sustainability Report as an opportunity to highlight our commitment to our key stakeholder groups. For investors, it means greater transparency. For tenants, it means working together to help them succeed. For employees, it means strengthening our concept of the “Dream family.” And for communities, it means building better spaces that serve the communities’ needs.