OSC Vice-Chair Appointment: Mary G. Condon

TORONTO – Ontario Securities Commission (OSC) Chair Howard Wetston, Q.C., today announced the appointment of Mary Condon as a Vice-Chair to the OSC, effective June 1, 2011 for a term of two years. Prior to her appointment as Vice-Chair, Professor Condon served as a Commissioner to the OSC for over three years.

“Mary Condon’s extensive legal expertise and significant experience in investor initiatives, adjudication and corporate governance will greatly assist the Commission in its work to fulfil its mandate in the public interest,” said Mr. Wetston.

Professor Condon is a leading academic in the area of securities law. She teaches securities law at Osgoode Hall Law School, and also directs and teaches in its part-time LLM program specializing in securities law. She has published books and articles in the area, and has conducted research for expert commissions and task forces.

During her time as a Commissioner, Professor Condon served on the Adjudicative Committee and on the Governance and Nominating Committee, most recently as Chair of that committee, and was actively involved in policy- and rule-making. She will continue to be executive sponsor of the Investor Advisory Panel.

Professor Condon is also a member of the Board of Trustees of the York University Pension Fund and is a member of the Investor Education Fund (IEF) board of directors. The IEF is a non-profit organization funded by settlements and fines from OSC enforcement proceedings.

As the regulatory body responsible for overseeing the capital markets in Ontario, the OSC administers and enforces securities legislation in the province of Ontario. The OSC’s statutory mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets.

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