Mr. Shaw is Non-Executive Chairman of The Shaw Group Holding Limited, a manufacturer of residential and construction products and a real estate developer; previously, from 1987 to July 2005, Mr. Shaw held the position of Chairman and Chief Executive Officer. He received his B.Sc. from Dalhousie University and his M.B.A. from Harvard University. In 2001, he was awarded an Honorary Doctor of Laws from Dalhousie University.

Mr. Shaw is Chair (effective November 16, 2006) of Canadian Policy Research Networks Inc., Ottawa; Member, Board of Trustees, Ernest C. Manning Awards Foundation, Calgary; Director, Canadian Centre for Ethics in Public Affairs (CCEPA); Director, Dalhousie Medical Research Foundation; Chair of the Nominating Committee, Dalhousie University Board of Governors; and Executive in Residence, Faculty of Management, Dalhousie University. Mr. Shaw did not serve as a director of any other publicly-traded companies during the period from 2002 to 2006.

Areas of Expertise:

Manufacturing Real Estate Development Governance

Scotiabank Board Details:

Director since September 30, 1986

Member of: Corporate Governance and Pension Committee (Chair) and Executive and Risk Committee Meets Share Ownership Guidelines Independent

Latest Retirement Date: ineligible for re-election in March 2013