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The Westaim Corporation (WEDXF)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.8300+0.0400 (+2.23%)
At close: 3:58PM EST

The Westaim Corporation

70 York Street
Suite 1700
Toronto, ON M5J 1S9
Canada
416-969-3333
http://www.westaim.com

Sector(s)Financial Services
IndustryAsset Management
Full Time Employees7

Key Executives

NameTitlePayExercisedYear Born
Mr. Ian W. DelaneyExec. Chairman569.52kN/A1944
Mr. John Cameron MacDonald CFAPres, CEO & Director1.14MN/AN/A
Mr. Glenn Garry MacNeil CFA, CPAChief Financial Officer406.88kN/A1959
Mr. Robert Terrance Kittel CFA, CPAChief Operating Officer848.2kN/A1972
Mr. Stephen Lyndon WayChief Exec. of HIIGN/AN/A1949
Ms. Karen WoodfieldControllerN/AN/AN/A
Mr. Nakul RandevPrincipalN/AN/AN/A
Ms. Cristina NunesAdvisorN/AN/AN/A
Mr. William R. AndrusAdvisorN/AN/A1950
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds. The firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The firm seeks to acquire debt, equity, or derivative securities of both public and private companies. It invests with the objective of providing its shareholders with capital appreciation and real wealth preservation. The firm seeks to provide its portfolio companies with advisory services including, but not limited to, advice on capital allocation, financing strategy, performance measurement and merger and acquisition support. It also seeks to partner with like-minded providers of third party capital to help supplement the firm's own capital, when completing acquisitions. The firm generally seeks to hold its investments for seven to 15 years. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

Corporate Governance

The Westaim Corporation’s ISS Governance QualityScore as of November 1, 2019 is 8. The pillar scores are Audit: 2; Board: 10; Shareholder Rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.