Stephen Poloz, the former Bank of Canada governor, might have waited a few days before enlisting with Enbridge Inc., North America’s biggest pipeline company.
You know, for appearances, just in case the more cynical among us conclude he was looking out for No. 1 instead of fixating on the COVID-19 crisis.
Instead, Poloz, who turns 65 in October, joined the board of directors of Calgary-based Enbridge on June 4, the second day of his retirement from public service. The appointment pays US$285,000 per year, although it comes with a requirement to own US$855,000 worth of Enbridge shares within five years of taking a board seat, according to the company’s latest management information circular.
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