Board of Directors

The AGCO Board of Directors (the Board) is responsible for the overall governance of the AGCO and meets regularly. In exercising its governance functions, the Board sets goals and develops policy and strategic directions for the Commission to fulfill its mandate; this includes working with the Chief Executive Officer and senior management on regulatory and governance activities.

As part of its governance structure, the Board has two standing committees. These committees are the Finance, Audit and Risk Management Committee and the Strategic Oversight and Governance Committee. The committees are accountable to the Board and provide regular updates at board meetings, highlighting key decision points, areas of substantive discussion and recommendations to the Board.

Finance, Audit and Risk Management Committee

The Finance, Audit and Risk Management Committee is responsible for providing oversight on matters related to financial performance. This committee also provides oversight on cybersecurity, internal audit activities, risk management and emergency management, including internal control systems and annual risk management and audit plans.

Strategic Oversight and Governance Committee

The Strategic Oversight and Governance Committee is responsible for ensuring the agency has an effective governance framework and is carrying out its responsibilities and fulfilling its legislative mandate. In particular, this committee is responsible for monitoring and assessing the agency’s performance against key strategies and objectives and providing strategic oversight with respect to the AGCO’s corporate social responsibility program and human resources strategy.

The list below reflects the members of the Board who served during the fiscal year ending March 31, 2022, including their original appointment dates.

Total per diems of all appointees for 2021–2022: $ 135,787.03

Table 1—Board members and per diems

Name

Position as of March 31,

2022

Original Appointment

Current Term Start Date

Current Term Expiry Date

Fiscal Year 21–22 Per

Diem Payments ($)

Lalit Aggarwal

Chair Part-time

June 6, 2019

June 6, 2020

June 5, 2024

45,739.44

Heidi Reinhart

Vice-Chair and Member Part-time

October 29,

2020

September 16,

2021

September 15,

2023

13,580.26

Neil Desai

Member Part-time

September 17,

2020

September 17,

2020

September 16,

2022

15,553.19

Dave Forestell

Member Part-time

December 12,

2018

June 20, 2020

June 19, 2024

23,427.94

Douglas McLarty

Member Part-time
 

Chair, Finance, Audit and Risk Management Committee

February 20,

2020

February 20,

2022

February 19,

2024

16,497.19

Paul Stoyan

Member Part-Time

July 29, 2021

July 29, 2021

July 28, 2023

6,600.06

Cara Vaccarino

Member Part-time
 

Chair, Strategic Oversight and Governance Committee

February 14,

2020

February 14,

2022

February 13,

2025

14,388.95