Financials & Governance
Meet Our Governance Board
James Colliver, Chair
James Colliver has over 45 years of experience in capital markets and asset management. Over his career as a senior executive he has built and managed successful businesses measured by asset growth and industry rankings. He is currently a Public Member appointee to Council for the Royal College of Dental Surgeons of Ontario. In this role, he chairs the Pension Governance Committee and the Professional Liability Program. He is a volunteer member of the Knox College investment committee. James graduated from Huron University College in London, Ontario and has earned numerous investment industry designations.
Larry Miller, Vice Chair
Larry is a proud Grey County beef farmer and lives in Georgian Bluffs, Ontario. He was involved in municipal politics for 13 years, serving in various capacities including Councillor, Deputy-Reeve and Reeve, followed by a term as a Grey County Warden from 2002-2004. He then served as Member of Parliament (MP) representing Bruce-Grey-Owen Sound from 2004-2019. During that tenure Larry chaired the Agriculture & Agri-Food Standing Committee, the Transportation & Infrastructure Committee, and was Vice-Chair of the Public Safety Committee.
Sandra Banks
Sandra has navigated throughout her career within the complex governance environments of the corporate, public and not-for-profit sectors.
She has served in senior leadership roles in the public sector, at Coca-Cola Canada and at the University of Waterloo. Sandra also led the Royal Agricultural Winter Fair as CEO where she introduced new marketing, community and sponsor engagement strategies.
Across these roles, Sandra has helped drive organizational goals as a highly valued partner and collaborative leader. She is adept at developing innovative strategies across departments and with partners to transform program delivery, participation and financial results.
Sandra resides in Thornbury, Ontario.
Jamie Di Laudo, Director
Jamie Di Laudo is a graduate of Western University and holds Bachelor of Engineering Science and Bachelor of Arts in Economics degrees. He resides in Kingsville, Ontario, and is Vice President of Amico Infrastructures, one of the largest civil construction companies in Ontario. A licensed Professional Engineer, Mr. Di Laudo has over 30 years of leadership experience in construction and business management and also sits on the Ontario Road Builders’ Association Governance Board.
Brook Dyson, Director
Brook is a Certified Financial Planner and partner with Edward Jones in Collingwood. Practicing since 2011, Brook provides advice and guidance to families and individuals through financial planning and investment management. He is on the Governance Board of Legal Aid Ontario and serves on the Audit Finance Committee. Brook has served as a public member of the College of Naturopaths of Ontario, and was a member of the Quality Assurance, Disciplinary, and Audit committees. He has also served as a member of the St. Andrew’s College Foundation Legacy Cabinet. He holds CFP and CEA designations and received an Honours B.A. from the University of Western Ontario.
Capt. John Greenway
Capt. John Greenway brings extensive marine operations and management experience to the OSTC Board. He holds a Master Near Coastal Certificate of Competency from Transport Canada and is a graduate of the University of Windsor, Georgian College, and Lloyds Academy. His background includes ship command experience on the Great Lakes, St. Lawrence River, and Canada’s East Coast, as well as senior marine management experience as a retired Vice President of Operations, retired certified lead auditor with Lloyds Register Quality Assurance, and owner/operator of Greenway Marine Inc. Capt. Greenway is a recipient of Transport Canada’s Marine Safety Award and Georgian College’s Board of Governors Award. He resides on Manitoulin Island and is a professional member of the Master Mariners of Canada and the International Ship Masters Association, and an associate member of the Canadian Institute of Marine Engineering
Richard Lockie, Director
Richard is a business executive based in Toronto whose career spans 45 years in corporate finance, business startups, and venture capital investments. Since 2017, he has focused on various investment opportunities, management, and operational processes related to domestic companies. He has served in several board capacities across private and public companies.
Lockie completed a Masters of Business Administration at the Richard Ivey School of Business at Western University in London, Ontario, and completed his undergraduate degree in economics, also at Western.
Richard Stivrins, Director
Richard Stivrins has dedicated over two decades to his family business as Captain and Operations Manager of the Chief Commanda II, a 320-passenger twin-hull vessel, and owns several shoreside businesses in North Bay. Guided by a commitment to environmental conservation, his business initiatives along the shore ensure that the beauty of the waterfront is preserved for future generations. Richard is Chair of the North Bay Police Service Board and resides in North Bay, Ontario. He holds a Bachelor of Arts degree in political science and economics from Western University, London, Ontario.
Memorandum of Understanding (MOU)
The MOU is an administrative agreement between the responsible Minister and the agency outlining the accountability framework and guides the mutual understanding of responsibilities of both the responsible minister and the chair of the classified agency. All classified agencies require a MOU.
Annual Letter of Direction (ALOD)
Annual Business Plans
All non-advisory classified agencies are required to post their 2014-2017 Business Plan. The annual Business Plan encompasses the agency's strategic direction and upcoming activities for the next three fiscal years. All agencies must have their responsible Minister approve their business plan annually. To ensure that confidentiality and privacy are maintained, these documents do not contain any information that could affect the security of a person, place or thing, is commercially sensitive, or contains confidential information about human resources and labour relations.
- 2026/2027 Business Plan
- 2025/2026 Business Plan
- 2024/2025 Business Plan
- 2023/2024 Business Plan
- 2019/2020 Business Plan
- 2017/2018 Business Plan
- 2016/2017 Business Plan
- 2015/2016 Business Plan
Annual Reports
All non-advisory classified agencies are required to post their most recently tabled Annual Report. The Annual Report includes performance targets, agency performance, financial statements and appointees. Agencies with legislative requirements to table their annual reports are required to do so, and receive approval from the responsible Minister prior to posting their annual report.
Why the OSTC has to post this information:
The government of Ontario recently announced a number of initiatives supporting the Premier's commitment to Open Government by promoting greater transparency in classified agencies. Beginning April 1, 2015, specific governance documents and expense information for classified agencies are required to be posted on the classified agency or ministry website.
All posted documents, particularly business plans should not disclose:
- Personal information
- Sensitive employment and labour relations information
- Solicitor-client privilege information
- Cabinet confidential information
- Trade secrets or scientific information, technical, commercial, financial or labour relations information of third parties supplied in confidence
- Information that would prejudice the financial or commercial interest of the provincial agency in the marketplace
- Information that would otherwise pose a risk to the security of the facilities and/or operations of the provincial agency
Together, the 3 governance documents provide a strong and clear accountability framework.
Audited Financials
Travel Expenses
Please note: Outstanding historical expense information is being reviewed and will be reported in the near future.
2026-2027:
2025-2026:
- OSTC Board and Executives Expenses – April-June Q1 2025/2026 (English)
- OSTC Board and Executives Expenses – July-Sept Q2 2025/2026 (English)
- OSTC Board and Executives Expenses – Oct-Dec Q3 2025/2026 (English)
2024-2025:
2020-2021:
- OSTC Board and Executive Expenses – April-June Q1 2020/21 (English)
- OSTC Board and Executive Expenses – July-September Q2 2020/21 (English)
- OSTC Board and Executive Expenses – October-December Q3 2020/2021 (English)
2019-2020:
- OSTC Board and Executive Expenses – April-June Q1 2019/2020 (English)
- OSTC Board and Executive Expenses – July-September Q2 2019/20 (English)
- OSTC Board and Executive Expenses – October-December Q3 2019/20 (English)
- OSTC Board and Executive Expenses – January-March Q4 2019/20 (English)
2018-2019:
- OSTC Board and Executive Expenses – April-June Q1 2018/19 (English)
- OSTC Board and Executive Expenses – July-September Q2 2018/19 (English)
- OSTC Board and Executive Expenses – October-December Q3 2018/19 (English)
- OSTC Board and Executive Expenses – January-March Q4 2018/19 (English)
2017-2018:
- OSTC Board and Executive Expenses – April-June Q1 2017/18 (English)
- OSTC Board and Executive Expenses – July-September Q2 2017/18 (English)
- OSTC Board and Executive Expenses – October-December Q3 2017/18 (English)
- OSTC Board and Executive Expenses – January-March Q4 2017/18 (English)
2016-2017:
- OSTC Board and Executive Expenses – April-June Q1 2016/17 (English)
- OSTC Board and Executive Expenses – July-September Q2 2016/17 (English)
- OSTC Board and Executive Expenses – October-December Q3 2016/17 (English)
- OSTC Board and Executive Expenses – January-March Q4 2016/17 (English)
2015-2016: