Independent Review Committee (IRC)

In 2006, the Canadian Securities Administrators enacted legislation requiring every mutual fund to establish an independent review committee (IRC) to address conflicts of interest that can arise between the manager and unitholders of the fund. The mandate of the Bridgehouse IRC is to review all conflict of interest matters referred to it by Bridgehouse, and consider whether Bridgehouse’s proposed actions achieve a fair and reasonable result for the Bridgehouse Funds. Bridgehouse refers for approval or recommendation all situations where a reasonable person could consider Bridgehouse to have an interest that could conflict with the interests of any Bridgehouse Fund.

IRC Members

Bridgehouse is very pleased that the following distinguished individuals have agreed to serve as the members of the Bridgehouse IRC. You may contact the Bridgehouse IRC by e-mail at

Colum P. Bastable, President & Chief Executive Officer, Cushman & Wakefield LePage Inc.

Mr. Bastable spent most of his career in Canada with Royal Lepage Ltd. and it’s associated companies. During his career there he was Chief Financial Officer, President and CEO, and Chairman. He was also President & CEO , and Chairman of Cushman & Wakefield Ltd.

He is currently a member of the Board of Governors of Slate Retail REIT, Chair of its Audit Committee, and a member of its Governance & Nominating Committee.

Previous board appointments include Brookfield Canada Office Properties ( Chair of Governance & Nominating Committee, member of Audit Committee) ; Toronto Hydro Ltd. ( Chair of Compensation & Nominating Committee, member of Audit Committee) , and Chair, TorontoHydro Electric System Ltd. Its principal subsidiary.
Past community board service includes McMaster University ( Chair, Board of Governors) , United Way of Greater Toronto, The National Ballet School, The Global Business & Economic Roundtable on Addiction & Mental Health in the Workplace. , The Ireland Fund of Canada( Chair).

Brian Gore, Former President & Chief Executive Officer, FundSERV Inc. 

Mr. Gore has over 25 years of investment fund industry experience, with a focus on technology and administration. Mr. Gore retired as President and Chief Executive Officer from FundSERV Inc. where he worked from 2007 to 2012. Mr. Gore began his career in the investment funds industry in 1987 when he joined AGF as a Senior Systems Analyst and was shortly thereafter promoted to Manager. In 1993, Mr. Gore accepted the role of Vice-President of Client and Dealer Services and in 1996 was appointed Senior Vice-President of

Administration. In 2002, AGF created a subsidiary, Unisen, and Mr. Gore was appointed Executive Vice President and Chief Operating Officer responsible for the operations of Unisen. In 2004, he was then appointed Executive Vice-President of Corporate Development. Subsequently, Citigroup acquired Unisen in 2005. Mr. Gore has been a member of a number of investment fund industry committees.

Nicholas Le Pan, Director, Canadian Imperial Bank of Commerce

Mr. Le Pan has extensive experience within the financial services sector, in particular in the areas of: regulation, risk governance, and oversight. In addition to his position as Chair of the Brandes IRC, Mr. Le Pan serves on the Board of Directors of CIBC, a major Canadian chartered bank. He also Chairs the Board of Directors of Canadian Public Accountability Board, the independent Canadian regulator of audit firms for reporting issuers. Mr. Le Pan frequently acts as a consultant on financial services matters for various organizations, including for the International Monetary Fund. Previously Mr. Le Pan has served as the Chair of CIBC’s risk committee and was a member of the CIBC’s governance committee. From 2001 to 2006 he was the Superintendent of Financial Institutions for Canada. Prior to that he served as Vice Chair of the Basel Committee on Banking Supervision. Additionally, Mr. Le Pan has both authored and provided significant contributions to various reports on financial services matters.

Lawrence Ritchie, Partner, Osler, Hoskin & Harcourt LLP.

Mr. Ritchie has extensive experience within the Canadian securities regulatory environment. Mr. Ritchie recently rejoined Osler , Hoskin & Harcourt LLP in 2014 as a Partner in the Litigation department after a period at the Ontario Securities Commission (OSC). Mr. Ritchie’s practice at Osler involves securities, governance, risk management, and business litigation matters, including regulatory investigations and proceedings.   Mr. Ritchie also Chairs Osler’s Risk Management and Crisis Response national practice and Co-Chairs Osler’s Capital Markets Regulatory Enforcement and Broker-Dealer Disputes team. From 2007 until 2014, Mr. Ritchie served as Vice-Chair of the OSC and was a member of the commission’s Board of Directors. In his position at the OSC, Mr. Richie was responsible for establishing policy initiatives, oversight, and reviewing and ruling on regulatory policy matters. Prior to his position at the OSC, Mr. Ritchie was again a Partner at Osler.

IRC Annual Report to Unitholders

On an annual basis, the Bridgehouse IRC reports to unitholders regarding its activities on behalf of the Bridgehouse Funds.

IRC Annual Report to Unitholders