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Since May, 2005, Mr. Osborne has been Chairman of the Board of Sun Life Financial Inc. and its wholly owned subsidiary, Sun Life Assurance Company of Canada.
From 1999 to 2003, Mr. Osborne was President and Chief Executive Officer of Ontario Power Generation Inc. which owns the power generation assets supplying approximately 85 per cent of all electricity consumed in Ontario.
Mr. Osborne is a director of Torstar Corporation, St. Lawrence Cement Group Inc., Massachusetts Financial Services Company and Four Seasons Hotels Inc., and is a trustee of RioCan Real Estate Investment Trust.
Mr. Osborne served as a director of Air Canada from 1999 to 2004. Air Canada sought and received protection from bankruptcy on April 1, 2003 and exited from this protection on September 30, 2004 with a reorganized corporate structure. Mr. Osborne resigned as a director of Air Canada effective as of September 30, 2004.
Mr. Osborne served as a director of Nortel Networks Corporation and Nortel Networks Limited from April 1996 to September 1997 and from June 2005 to June 2006. The Ontario Securities Commission (OSC) issued a management cease trade order in April, 2006 against the directors, officers and certain current and former employees following the announcement by the companies of the need to restate certain of their previously reported financial results and the resulting delay in the filings of certain 2005 financial statements. This order prohibited these individuals from trading in the securities of the companies until two business days following the receipt by the OSC of the required filings. The British Columbia and Quebec Securities Commissions issued similar orders, however Mr. Osborne was not subject to these other orders. The OSC lifted the management cease trade order effective June, 2006 and the orders of the other securities commissions were lifted shortly thereafter. Mr. Osborne resigned as a director of Nortel Networks Corporation and Nortel Networks Limited effective as of June 29, 2006. | 