CAIRP Update...CAIRP advances interests of members and the public by: • promoting excellence...

INSOLVENCY & RESTRUCTURING FORUM

CAIRP Update May 10, 2018


An eventful year and going forward…

• Operations • New Business Plan • Governance review • OSB/CAIRP relations • Communications plan • CQP results • Interventions • Annual Conference


President & COO Grant Christensen

Dir. Finance & Ops. Dir. Education Dir. Professional Development Steve D’Alessandro Melanie Wilson-Nikolov Natalie Alfano

Registrar Manager, Communication Isabelle Gauthier Beatrice Chan

Coord. Member Services Coord. Education Services Mirela Monga Katrina (Katie) Tsoulis

Operations – Staff Organization Structure


Operations - Finance

• Financial position • 2017/18 - $580,000 surplus forecast • $2.6 million net equity balance • Evolving to balanced budget approach • Member dues and fee increases = 0%

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Presentation Notes

Surplus due to surplus budget + positive PD & salary variances 2018/19 – 3rd consecutive yr. with 0% member dues increase Board reviewing equity policy and how to best invest any excess equity Technology upgrades will improve staff productivity, members online user experience, student performance


Mission Statement CAIRP advances interests of members and the public by:

• promoting excellence amongst members,

• providing relevant professional development,

• establishing and enforcing CAIRP’s Rules of Professional Conduct and Standards of Professional Practice,

• maintaining rigorous certification standards and providing innovative education to aspiring insolvency and restructuring professionals,

• advocating for a fair, transparent and effective insolvency and restructuring system throughout Canada.

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Presentation Notes

CAIRP’s new Mission Statement reflects the belief that member interests are normally best served by respecting the public interest.


Board Goals • Maintain a highly engaged membership.

• Achieve student/candidate flow-through and exam pass rates consistent with exceptional professional education and certification programs.

• Maintain influential and positive relations with OSB.

• Achieve membership growth rates that sustain a healthy, going concern CAIRP.

• Consistently operate in a cost efficient and effective manner.

• Members value the CAIRP membership.

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Presentation Notes

Board has established these high level priority goals to guide its strategies, actions and budget. Key Performance Indicators will be monitored to measure CAIRP’s success in achieving these goals.


Doing more, better, with less

Governance

Operational Efficiency & Effectivenes

Collaboration


Governance

• Review & revision • Bylaws • Rules of Professional Conduct &

Standards of Professional Practice

• Board/Staff • Roles & responsibilities • Accountability

• Board terms & nominations • Nominating Committee process underway

To volunteer on a CAIRP committee, email [email protected].

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Presentation Notes

The Bylaws and Code of Professional Conduct are undergoing a review process to update and improve clarity. As well, to allow the OSB and CAIRP to work more effectively together on professional conduct complaint investigations, a Bylaw revision will clarify CAIRP’s and OSB’s rights to share information. Further, the Code of Professional Conduct is being updated to be gender neutral and provide guidance for dealing with debtors who have engaged a debt consultant. In accordance with CAIRP Bylaw 30, the Board has appointed the following Nominating Committee Members – Myself (as Chair), Past-Chair Larry Prentice, Guylaine Houle, Derrick Hutchins, and Paul Casey. A slate of candidates for the 2018/19 Board will be reviewed by the Board in June. The approved slate will be communicated to members shortly thereafter with the election scheduled for the AGM in August.


OSB/CAIRP

BUILDING POSITIVE RELATIONS

• Consumer Practice Committee comment: Counseling Directive 1R4

• CAIRP leads new PCIC (formerly ICQC) course development

• Participate in consultation of upcoming Assessment Directive

• Ongoing discussions regarding issues of mutual interest to members & OSB

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Presentation Notes

To influence the OSB, CAIRP is working with the OSB to strengthen relations, trust and confidence


Technology Advancement

• PRIORITY – Develop/Integrate/Launch new information systems • Learning Management System (LMS) – June to October, 2018 • Member database (AMS) - November, 2018 • Website services - December, 2018

• Enhanced online self-services (e.g. event & course registration, candidate learning supports, member dues payment, member roster, profile update, technical resources, . . .)

• Intuitive website navigation for public and members

• Automate processes - improve staff productivity & user experience


• Member Communication • Media Relations • Website • Research • Follow @:

• facebook.com/CAIRP • twitter.com/CAIRP_ACPIR • linkedin.com/company/canadian-association-of-insolvency-and-restructuring-professionals • cairp.ca/media/cairpblog/

Interested in contributing to the CAIRP blog? Contact us at [email protected]

Communications Plan

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Presentation Notes

A communications plan will help ensure members are better informed in a timely manner on both what CAIRP is doing and current insolvency issues. A media relations and research strategy will enable CAIRP to more actively influence public opinion and educate the public on what LIT/CIRPs can offer.


CQP results continue to improve • 2017 pass rate = 51%

• Highest in past 3 years • 83% CPA candidates passed • 26% non-designated candidates passed • We can do better!

• Blue-Sky Education Re-visioning • 4 part webinar series being developed/delivered • Best of brand, D2L Brightspace LMS • Fall CNIE will be written electronically, using Word • Continuous enhancement to improve candidate learning experience

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Presentation Notes

CAIRP believes student success can be improved while maintaining CAIRP’s rigorous certification standards. Actions are currently underway to improve the CIRP Qualification Program design and the quality of its candidates’ learning experience. A new Learning Management System, digitally written examinations, and integrated Webinar’s are just the start of CAIRP’s education program evolution.


D2L Brightspace Dashboard

education.cairp.ca


D2L Brightspace Milestones 11 June

Insolvency Administration

27 Aug.

All Courses (except PCIC)

20 Sep.

Core Knowledge Exam

12 Oct.

Insolvency Administration

Exam

24/25 Oct.

CNIE

Intro to Insolvency (New CQP Candidates)


Webinars

• Surplus Income – Bill Courage & François Noël

• Cash Flow – Tim Carson & François Noël

• CNIE, Getting Started – Christopher Mediratta

• CNIE, Implementing Study Plan - Christopher Mediratta

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Presentation Notes

4 Webinars have been produced in French and English to support the learning of specific topics and help candidates better prepare for success on the CNIE.


CAIRP Interventions • Redwater Energy

• Regulator seeks to compel receiver to comply with remediation requirements of old wells as part of Redwater’s assets. • Awaiting final court decision

• Callidus • Proceeds of debtor’s assets paid to secured creditor prior to bankruptcy, which are subject to the Crown’s GST/HST

deemed trust interest, remain vulnerable to Crown claim subsequent to debtor’s bankruptcy • Authorized by Supreme Court of Canada on March 22. CAIRP will file a motion for leave to intervene.

• Lapointe • Is Trustee obligated to continue Court of Quebec proceedings? • Intervention documents filed.

• Canada North Group Inc. • Without a super priority charge, lenders less likely to extend interim financing and/or raise fees to account for risks. • Intervenor status approved in March

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Presentation Notes

CAIRP is currently intervening or seeking to intervene in 4 court cases. CAIRP’s Intervention Committee has deemed all 4 of these cases as of national interest to the membership and publics they serve.


2018 Annual Conference

August 16-18 Delta Prince Edward, Charlottetown, PEI

+ = ?

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Presentation Notes

This is a don’t miss Conference! Hotel & general conference information are on the CAIRP website. Registration will open shortly.


Thank you to the many members who contribute their time and expertise to advance the interests of CAIRP, its membership and the public!

Your support ensures Canadians have access to an

exceptional standard of insolvency and restructuring services.


Core Values • VISIONARY LEADERSHIP committed to ongoing advancement, by inspiring collaboration, imagination, open

mindedness, and forward thinking

• POSITIVE OUTLOOK create pride in the CIRP designation

• INTEGRITY embrace & promote ethical behavior that is transparent & accountable to members & public

• RESPECT openly encourage expression of alternative perspectives and consider them without bias

• SERVICE EXCELLENCE deliver valued service where communication, innovation and creativity are hallmarks

• COMMITTED TO GREATER GOOD OF CAIRP, INSOLVENCY PROFESSION, AND PUBLIC effectively governed and managed, adequately resourced and socially responsible

• FUN an enjoyable experience to work and serve

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Presentation Notes

Embraced by staff, Board, membership

CAIRP Update...CAIRP advances interests of members and the public by: • promoting excellence...

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