Investor relations

Section Index

• Shareholders information
• Financial reports
• Annual general meeting presentations
• Analyst conference call
• Board of directors mandate
• Code of business conduct and ethics
• Press releases/News
• Board of Directors and President
• Documentations

 

Shareholders information

Velan Inc. went public in September 1996 after operating as a private company for 46 years. Velan shares trade on the Toronto Stock Exchange (TSX) under the ticker symbol VLN.

Please note that Velan's publicly filed documents can be found at Sedar.com, or you can click here.

Investor relations contact
John Ball
Chief financial officer

Tel: (514) 748-7743 x5537
Fax: (514) 908-0180

E-mail: john.ball@velan.com

 

Financial reports

	2018 Annual Report
	First Quarter 2017-18
	Second Quarter 2017-18
	Third Quarter 2017-18
	Fourth Quarter 2017-18

 

	2018 Annual Report
	First Quarter 2017-18
	Second Quarter 2017-18
	Third Quarter 2017-18
	Fourth Quarter 2017-18

 

	2017 Annual Report
	First Quarter 2016-17
	Second Quarter 2016-17
	Third Quarter 2016-17
	Fourth Quarter 2016-17

 

	2016 Annual Report
	First Quarter 2015-16
	Second Quarter 2015-16
	Third Quarter 2015-16
	Fourth Quarter 2015-16

 

	2015 Annual Report
	First Quarter 2014-15
	Second Quarter 2014-15
	Third Quarter 2014-15
	Fourth Quarter 2014-15

 

	2014 Annual Report
	First Quarter 2013-14
	Second Quarter 2013-14
	Third Quarter 2013-14
	Fourth Quarter 2013-14

Annual general meeting presentations

Presentation from July 13, 2017

Analyst conference call

Velan Inc. (TSX: VLN) today announced that on Thursday, January 12, 2017, it will release 3rd Quarter results ended November 30, 2016.

The company will hold an analyst call on Thursday, January 12, 2017, at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 800-672-3665, and quoting the reservation number 21841522. There will be a PostView available for 7 days following this conference call. The numbers are as follows: 416-626-4100 or 800-558-5253 Enter Reservation number 21841522 then follow system prompts.

For further information contact John D. Ball, CFO at 514-748-7743, ext. 5537.

Board of directors mandate

Board of directors mandate


 

Code of business conduct & ethics

Velan has always been dedicated to the principles of ethical and legal business conduct. Because of the continuing emphasis being given to ethical corporate conduct together with the increasing complexity of legal requirements, management believes it is appropriate to revise and distribute a written Code of Business Conduct and Ethics to all Employees of the Velan group of companies (the "Company").

Everything the Company does is the direct result of the decisions made or actions taken by the Company's Employees (the “Employees”). The conduct of our business, the manner in which we discharge our obligations to those with whom we deal, the effectiveness and the good reputation of the entire organization — all depend upon the quality of our personnel and their commitment to a high standard of ethical behaviour.

It is the responsibility of each Employee to respect and comply with this Code of Business Conduct and Ethics. Any breach of this Code may result in severe disciplinary measures.

Code of business conduct & ethics



 

Board of Directors

Yves Leduc President and CEO Montréal, Québec, Canada Born: 1965 President since: 2015

Mr. Yves Leduc is President and Chief Executive Offcer of the Corporation. He joined Velan in January 2015, having been Vice-President General Manager of North American business at Bombardier Recreational Products Inc. since 2006. In his sixteen years as member of BRP’s senior management team, he built a broad experience taking on the responsibility for most business units, as well as for the key business functions of the company, including manufacturing, new product development, logistics, sales, and marketing. Mr. Leduc also brings an international experience, having spent six years in Europe, leading the Austrian engine division and spearheading several strategic manufacturing projects in Asia and Latin America. The divisions under his leadership have sustained a track record of delivering lasting process and operational improvements, while achieving market share and sales growth that consistently outperformed competitors.  In his previous careers, he worked at McKinsey and Company as a management consultant working on projects in North America and Europe, and as an attorney at Stikeman Elliott in Montreal. He is fluently trilingual (French, English, and German).

While Yves’ initial focus at Velan is to draw on his extensive supply chain experience to reorganize Velan's North American operations, longer term he will also be focusing on company's overseas operations.
 

Tom Velan(1)(5) Chairman Montréal, Québec, Canada Born: 1952 Director since: 1976

Mr. Tom Velan is Chairman of the Corporation. He joined the Corporation in 1973 and held various positions with increasing levels of responsibility mainly in international sales and developing and managing foreign subsidiaries. Prior to being appointed President in 2003, he was Executive Vice-President, Export Sales and Overseas Operations. In 2011 he was appointed President & CEO. In 2015, he was appointed Chairman and CEO. He has been a director of the Corporation since 1976. Mr. Velan graduated with a B. Comm. from McGill in 1972.
 

William Sheffield(2)(5) Lead Director Toronto, Ontario, Canada Born: 1949 Director since: 2004

Mr. Sheffield, BSc., MBA, is a corporate director, who is also a member of the boards of Canada Post, a Federal Crown Corporation, and Houston Wire and Cable Company, an electrical products distribution company listed on NASDAQ where he holds the position of Chairman.  Mr. Sheffield past board services also include OPG, Corby Distilleries, Royal Group Technologies, Sappi Ltd and Pan Asia Paper.  He holds a professional director certification by Canada’s Institute of Corporate Directors (ICD.D) and a similar designation by the National Association of Corporate Directors in the USA (FEA). In 2013, he completed the Family Enterprise Advisors Program (FEA) at UBC. Mr. Sheffield started his career with Canadian steel industry. From May 2001 to May 2003, he was the Chief Executive of Sappi Fine Paper Division of Sappi Ltd., a coated paper manufacturer, and, prior to August 2000, was the Executive Vice-President of Abitibi-Consolidated Inc., a newsprint manufacturer.
 

Kenneth MacKinnon(2)(3) Director Montréal, Québec, Canada Born: 1959 Director since: 2005

Mr. MacKinnon is President and CEO of MacKinnon, Bennett & Co., a merchant bank.  Prior to September 2006, he was a Managing Partner of Miralta Capital, a private equity investment management firm. Prior to November 2004, Mr. MacKinnon was an independent consultant and, prior to December 2001, was a Managing Director, Investment Banking, of Merrill Lynch & Co. He holds a professional director certification by Canada’s Institute of Corporate Directors. He is also a Director of MacKinnon, Bennett & Co., Potentia Solar Inc. and Miovision Technologies.
 

Peter Velan(4) Director Montréal, Québec, Canada Born: 1947 Director since: 2008

Mr. P. Velan is a corporate director and an engineer. He joined the Corporation founded by his father in 1969 and held various positions with incremental responsibilities up until 2003, mainly in executive position within operations.
 

Cheryl Hooper(2)(3) Director Toronto, Ontario, Canada Born: 1950 Director since: 2013

Ms. Hooper has C-suite, board and international experience.  She has an MBA from York University, is a CPA, CA and is a member of the Institute of Corporate Directors. From 2005 to 2012, Ms Hooper was employed at the Canadian Public Accountability Board (CPAB), Canada’s regulator of public company auditors, where she lead and managed inspections of one of Canada’s largest public accounting firms.  From 1996 - 2004,  she was President of a Montreal-based company providing strategic consulting, financial monitoring and management services to a high net worth family with businesses in Canada and internationally. From 1983 to 1996, Ms Hooper was on the management team of Olympia & York Developments and then its property management successor, O & Y Properties Inc., where she was its first Chief Operating Officer. Ms  Hooper also serves on the Board of Directors and Audit Committee of the Liquor Control Board of Ontario.  Previous board involvement included private family and not-for-profit organizations in Toronto, Minnesota, Quebec and France.
 

Jacques Latendresse(3)(5) Director Granby, Québec, Canada Born: 1962 Director since: 2013

Mr. Latendresse is the Vice-President, Strategies, Acquisitions and Technological developments and main shareholder of Ezeflow Inc. The company founded in 1972  is a leading manufacturer in pipe fittings.  Mr. Latendresse joined the company as an engineer in 1994 and since then he held various positions including the position of co-President from 2005 to 2014.
 

Rob Velan Director and Vice-President, Customer Service (North America) Montréal, Québec, Canada Born: 1971 Director since: 2013

Mr. R. Velan was employed by the Corporation from February 2004 to August 2012 successively as Director, Strategic, Planning and Business Development, President of the Corporation’s subsidiaries in UK and Germany and Vice-President, Marketing. From August 2012 to October 2013 he was President & Owner of Emergia Aerospace. In February 2014 he was rehired as Vice-President, Distribution for the Corporation and in February 2016 he was promoted to Vice-President, Customer Service. He holds an MBA from Cornell University and a professional director certification from Canada’s Institute of Corporate Directors (ICD.D).

 

NOTES:
(1) Holds the same respective offices with Velan Valve Corp. as with Velan.
(2) Member of the Corporation Governance and Human Resources Committee.
(3) Member of the Audit Committee.
(4) Also a Director from 1971 to 2005.
(5) Member of the Leadership and Talent Committee.

 

Documentations

Canada Business Corporations Act

• Certificate of Amendment (Sept 26 1996)
• Certificate of Amendment (Sept 17 1996)
• Certificate of Amendment (May 25 1992)
• Certificate of Amendment (May 17 1991)
• Certificate of Amendment (Feb 20 1981)
• Certificate of Continuance (Feb 11 1977)

Board Committee Charters

• Corporate governance and human resources committee charter (April 2018)
• Leadership and talent committee charter
• Audit Committee Charter (March 2018)

Position Descriptions

• Lead Director
• Chair of the Board of Directors  

Policies

• Majority Voting Policy (Jan 11 2012)
• By Laws (2015)
• Whistle Blowing Blowing Policy (Jan 22 2018)
• Anonymous and Confidential Whistle Blowing Reporting Form

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