Saturday, August 08, 2009

 

BC Rail homework: who is John R. McLernon? And Brian G. Kenning?

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Leah, one of our front-running Citizen Journalists, has shared some of her findings -- first, about John R. McLernon, Chair of BC Rail. This is his listing from the 2008 Directory of Directors:


Primary Business:
McLernon Consultants
Vancouver
Canada

Current Positions:
McLernon Consultants, pres.
British Columbia Lottery Corp., chr.
British Columbia Railway Company, chr.
Syscan International Inc., chr.
Village Farms Income Fund, chr.
British Columbia Lottery Corp., dir.
Syscan International Inc., dir.
Village Farms Income Fund, trustee
A&W Revenue Royalties Income Fund, chr.
British Columbia Railway Company, dir.
A&W Revenue Royalties Income Fund, trustee

Education:
McGill U. - B.A.

Previous Positions:
Colliers Macaulay Nicolls Inc. - chr.
CMN International Inc. - chr.
Colliers International - chr. & CEO
Marathon Realty - gen. mgr.

http://www.inspiredcompanies.org/Inspired_Distributing/ML_Prospects/A-F.html
(Some might consider the contents of this link to be a little "out there."

Colliers International
OverviewBoard of DirectorsCommittees
http://investing.businessweek.com/research/stocks/private/person.asp?personId=5984953&privcapId=4247985&previousCapId=6720584&previousTitle=Colliers%20International%20Property%20Consultants,%20Inc.

EXECUTIVE PROFILE
John R. McLernon
Chairman Of The Board, Colliers International

This person is connected to 8 board of directors in 8 different organizations across 2 different industries.

BACKGROUND
John R. McLernon serves as the President of McLernon Consultants Ltd., a private consulting company. Mr. McLernon serves as Chairman of A&W Trade Marks Inc. and A&W Revenue Royalties Income Fund. He served as the Chairman, Chief Executive Officer and Co-Founder of the Colliers Macaulay Nicolls Group of Companies from 1977 to 2004.

He started his career as a Financial Analyst with Canadian Pacific before joining its property development arm Marathon Realty in 1967. He has been active in the real estate industry since 1968, when he began his career on the development side with Marathon Realty in Montreal, and later Vancouver.

He served as the President and Chief Executive Officer of Vancouver-based Macaulay Nicolls Maitland in 1977 and was instrumental in the employee purchase of Macaulay Nicolls Maitland and the formation of the Colliers Macaulay Nicolls Group of Companies in 1985.

Mr. McLernon serves as the Chairman of Village Farms Income Fund and Syscan International Inc., both public entities, as well as British Columbia Railway and British Columbia Lottery Corporation. He serves as Chairman of the Board for each of Colliers International and BC Rail, Syscan International Inc. and Acer McLernon a major independent packaging and printing Company.

He served as Chairman of the Board of Trustees of Hot House Growers Income Fund since January 31, 2006 and also as its Trustee since January 2005. He has been a Director of Syscan International Inc., since 2001.

He has been a Director of the Board of A&W Trade Marks Inc. since December 18, 2001. He has been Trustee of A&W Revenue Royalties Income Fund since December 18, 2001 and Village Farms Income Fund since January 18, 2005.
He serves as a Director of the Vancouver Opera, Village Farms Canada Inc. and Acer, Mclernon Canada Inc. He served as a Director of Riverside Forest Products Ltd., from September 8, 2004 to October 29, 2004. He served as Director of Hot House Growers, Inc. since January 2005.

He has served as a director on numerous corporate boards, and also sits on several boards within the theatre and arts community. Mr. McLernon attended Bishops College School and received his Bachelor of Arts from McGill University.

CORPORATE HEADQUARTERS
200 Granville Street
Vancouver, British Columbia V6C 2R6
Canada
Phone: 604-662-2638
Fax: 604-681-7468

BOARD OF DIRECTORS MEMBERSHIPS
2006-Present
Former Chairman of the Board of Trustees, Member of Audit Committee, Member of Compensation & Corporate Governance Committee and Director of Hot House Growers, Inc. - Administrator Hot House Growers Income Fund

2005-Present
Chairman, Chairman of Compensation & Corporate Governance Committee and Member of Audit Committee
Village Farms Income Fund

2004-2004
Former Director Riverside Forest Products Ltd.

2001-Present
Chairman of the Board, Member of the Audit Committee and Chairman of A&W Trade Marks Inc
A&W Revenue Royalties Income Fund

2001-Present
Chairman, Syscan International Inc.

2001-Present
Chairman, Member of Governance Committee and Chairman of A&W Revenue Royalties Income Fund
A&W Trade Marks Inc.

Director
Acer, Mclernon Canada Inc.

Director
Village Farms Canada Inc.

Chairman
British Columbia Lottery Corporation

Chairman Of The Board
Colliers International

OTHER AFFILIATIONS
Riverside Forest Products Ltd.
Syscan International Inc.
Village Farms Income Fund
A&W Revenue Royalties Income Fund
British Columbia Lottery Corporation
Acer, Mclernon Canada Inc.
McGill University
Hot House Growers Income Fund
Village Farms Canada Inc.
Bishop's College School
A&W Trade Marks Inc.
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On Mr. Kenning...........

http://www.mdacorporation.com/corporate/investor/board_members/kenning.cfm

Mr. Kenning, 59, of Vancouver, British Columbia, has been a Director of the Company (Macdonald Dettwiler & Associates Ltd) since May 14, 2003. Mr. Kenning is a Corporate Director and a Director of Brookfield Asset Management Advisory Board. Until January 1, 2005, Mr. Kenning was a Managing Partner of Brookfield Asset Management, a position he held since May 1995. Brookfield’s operations are in the real estate, asset management and power generation sectors. From 1988 to 1995, Mr. Kenning was Chairman and Managing Partner of B.C. Pacific Capital Corporation, a Brookfield affiliate active in merchant banking and investing. Prior to Brookfield, Mr. Kenning held several senior positions in Versatile Corporation, a large diversified industrial manufacturing company, including President from 1987 to 1988.

Mr. Kenning is currently a Director of the British Columbia Railway Company, British Columbia Ferry Services Inc., FT Capital and Royal Oak Ventures Inc. Mr. Kenning is also past Chairman of the Board of Trustees of the B.C. Cancer Foundation. Over the past ten years, Mr. Kenning has served as Director of a number of public and private corporations, including Canadian Hunter Explorations, Ltd., Canadian Northstar Corporation, Northgate Exploration Limited, Great Lakes Power Inc., International Utility Structures Inc., Catalyst Paper Corporation and several private corporations. In addition, Mr. Kenning is a past Governor of the B.C. Business Council, a past Director of the B.C. chapter of the Institute of Corporate Directors, and has served as Board Chairman of St. George’s School (1998-2000) and Board Chairman of Brentwood College School (1990-1995). Mr. Kenning graduated from Queen's University with an MBA in 1973.

http://www.thefreelibrary.com/B.+C.+Pacific+Capital+Corporation+Announces+Amalgamation+with...-a0140456490

B. C. Pacific Capital Corporation Announces Amalgamation with Westfield Minerals Limited.
VANCOUVER, British Columbia

B.C. Pacific Capital Corporation announced that it has amalgamated with its wholly-owned subsidiary Westfield Minerals Limited with an effective date of December 31, 2005.

B.C. Pacific Capital Corporation is a British Columbia based financial and investment corporation providing mezzanine bridge loans to corporations encountering financial difficulties, requiring merger and advice or operational evaluation. B.C. Pacific also uses its own capital to invest in undervalued companies and assets, primarily in the natural resource, real estate and financial service areas where management initiatives can enhance longer term prospects.


http://eclipse.sys-con.com/node/356051

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/30/07 -- B.C. Pacific Capital Corporation ("B.C. Pacific") announced today that the amalgamation (the "Amalgamation") with 0782801 B.C. Ltd., a wholly-owned subsidiary of Brookfield Asset Management Inc. ("Brookfield") has been completed. The Amalgamation was approved by the shareholders of B.C. Pacific at a special meeting of shareholders held on March 29, 2007 with over 99.8% of the votes cast in favour.

Upon the completion of the Amalgamation, Brookfield now owns all of the outstanding Class A subordinated shares (the "Class A Shares") and Class B common shares (the "Class B Shares" and, together with the Class A Shares, the "Common Shares") of B.C. Pacific. Pursuant to the Amalgamation, each Class A Share and Class B Share of B.C. Pacific has been exchanged for a redeemable preferred share of the amalgamated company, which shares will be immediately redeemed for a redemption amount of $0.80 per share.
CIO, CTO & Developer Resources

The Class A Shares and Class B Shares are expected to be de-listed from the TSX Venture Exchange shortly. B.C. Pacific plans to apply to the applicable securities regulatory authorities in order to cease to be a reporting issuer under applicable securities legislation as soon as practicable.

B.C. Pacific Capital Corporation is a British Columbia based financial and investment corporation that uses its own capital to invest in undervalued companies and assets, primarily in the natural resource, real estate and financial service areas. B.C. Pacific also provides mezzanine bridge loans to corporations encountering financial difficulties, requiring merger advice and operational evaluation.

Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately $70 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. For more information, please visit our website at www.brookfield.com.

This news release contains forward-looking statements concerning the company's business and operations. The company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors.

Contacts:
B.C. Pacific Capital Corporation
Brian G. Kenning
Chairman and President

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North Van's Grumps checks in this morning, August 9:

Hello Mary,

I'm still up here in Kelowna, the skies cleared overnight, and its heating up pretty fast. This computer that I'm using is relatively clear of any searches for anything to do with BC Rail et al which basically gives me a clean slate upon which to search.

I came across this, and I don't remember ever seeing it on my computer:


"As a commercial and competitive Crown corporation, BCRC does not
place any demands on public taxpayer funds. BCRC has not received
any direct operating subsidies or grants from the Province since March
31, 1993."

- Source: http://www.bcbudget.gov.bc.ca/2003/sp/crowncorps/bcrail.pdf

British Columbia Railway Company Page 5 of 27
Service Plan 2003 - 2005

*****************************************************

British Columbia Railway Company Page 22 of 27
Service Plan 2003 - 2005

Summary Consolidated BCRC Income Statement*
( $ millions )


Explain it again to me, why was BC Rail sold if there was a projected surplus of $34.6 million would happen by 2005?

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And this:

Clarification of my 9:16 Anon comment: Mr. McLernon, according to the attached list to the post this morning is:

Riverside Forest Products Ltd.
Syscan International Inc. oh, oh!
Village Farms Income Fund
A&W Revenue Royalties Income Fund
British Columbia Lottery Corporation
Acer, Mclernon Canada Inc.
McGill University
Hot House Growers Income Fund
Village Farms Canada Inc.
Bishop's College School
A&W Trade Marks Inc.

Also, according to http://www.bcrco.com/bios/01.html

he is a Director of Canadian Urban Limited http://www.canadianurban.com/

Directors are not listed on the website.

So who knows whether BC rail company bio is correct or not.

Items highlighted in BOLD are in my humble opinion dependent upon the railways of British Columbia, does that then mean that Directors of BC Rail Co are .....

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Comments:
Great digging Leah.
It just amazes me how many dots can be connected with a little(or a lot) of research
 
do any of the companies named, or either of these individuals, show up on BC Liberal campaign/part5y donation listings?

Buying directorships.....what's the paycheque on these positions? Investment/return on the donation is probably considerable.....
 
Hot House Growers Income Fund....


Hmmmm. Are hot house products shipped by rail to the rest of North America?

Did the hot house growers owners endorse the provincial government's idea on selling BC Rail thereby reducing its shipping costs to the markets?
 
Skookum...that's for another day of digging. Soon as I have the laundry in, and the dishes done.

Unless of course, you're feeling energetic... . :))
 
Clarification of my 9:16 Anon comment: Mr. McLernon, according to the attached list to the post this morning is:


Riverside Forest Products Ltd.
Syscan International Inc. oh, oh!
Village Farms Income Fund
A&W Revenue Royalties Income Fund
British Columbia Lottery Corporation
Acer, Mclernon Canada Inc.
McGill University
Hot House Growers Income Fund
Village Farms Canada Inc.
Bishop's College School
A&W Trade Marks Inc.

Also, according to http://www.bcrco.com/bios/01.html

he is a Director of Canadian Urban Limited http://www.canadianurban.com/

Directors are not listed on the website.

So who knows whether BC rail company bio is correct or not.

Items highlighted in BOLD are in my humble opinion dependent upon the railways of British Columbia, does that then mean that Directors of BC Rail Co are .....
 
All McLernon has is a BA from McGill....not an MBA, not a B.Econ, not an MA.....just a baccalaureate....it would be interesting to know in what huh?

Just goes to show how high you can rise without a graduate degree (same with Lara D, who also has only a BA).
 
When I was reading over the courses offered at the University of Western Ontario, I couldn't find a course called "International Politics"...which is her BA.

Perhaps it's discontinued...maybe.
 
Leah,

I've searched that, too. I've never heard of a degree in "International Politics" until it showed up on Lara's bio. on the Prov of BC web-site.

I suppose it could mean that she combined two majors, e.g., International Relations with Political Science ... I've also asked UWO graduates though, and they haven't heard of such a degree.

Could it be that a B.A. in "Political Relations" was tweaked because it may have had an unfortunate connotation in her situation?
 
That could be Mary, but if the BA is in a stated field that doesn't exist... . It would be interesting to know the facts about this one...after all it's all about Veritas et utilitas!
 
Leah,

you are such a sleuth!

Thank goodness for YOU ... and for Google ... which told me that Veritas et utilitas means "Truth and Usefulness"

and then another hit translated it as

"Truth and Service" which rings more sweetly. But then again, in Lara's case ... oh, meow ... can't go there!


Me, I always liked the SFU motto: Nous somme prets which (heaven help me if I got this wrong!) means "We are ready" or, as George Bush said (and probably wishes he hadn't), "Bring 'em on ..."

Weird. Sorry for the digression.

I'll keep poking around UWO ...
.
 
"prets", with a circumflex, also means "loans"....."we are loans" is pretty much a summary of the financial condition of the SFU student popularce.....

As for Lara's area of specialization, lying on a resume in the US is a major cause for dismissal, particularly in regard to high office......

It would be interesting to get the studetn journalists at UWO to do some digging about this supposed degree, and run an article "Premier's top aide in BC claims false degree from UWO" or some such.....with subtitle "mystery woman controls BC government's propaganda machine; never far from the Premier's side, said to control all access to him"

Monica Lweinsky she's not, and he's no Bill Clinton, but needless to say the US media would have been having a field day about this years ago if Gordo were a state governor or Senator or even lowly Congressman....but at least Lewinsky didn't concoct a fake degree specialization....
 
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