Robyn Collver
About Robyn Collver
Independent director since May 2019; age 60. Collver is Chairperson of the Nominating, Governance & Sustainability Committee and a member of the Audit Committee, bringing 30+ years of executive leadership across ESG, regulatory, risk, and legal roles, including multiple senior positions at Canadian Tire Corporation from 2002–2022 (SVP ESG/Environmental Strategy Adviser; SVP Regulatory & Chief Sustainability Officer; SVP Risk & Regulatory Affairs; Secretary & General Counsel). Education: BBA, Acadia University; LL.B., University of Toronto. Board has affirmatively determined Collver is independent.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Canadian Tire Corporation, Limited | Senior Vice President, ESG and Environmental Strategy Adviser | Jan–Sep 2022 | Led ESG strategy; environmental policy advisory |
| Canadian Tire Corporation, Limited | SVP, Regulatory & Chief Sustainability Officer | 2019–Jan 2022 | Oversaw regulatory affairs and sustainability programs |
| Canadian Tire Corporation, Limited | SVP, Risk & Regulatory Affairs | 2015–2019 | Led enterprise risk and regulatory oversight |
| Canadian Tire Corporation, Limited | Secretary & General Counsel | 2009–2015 | Corporate governance, legal leadership |
| Cassels, Brock & Blackwell LLP | Corporate & securities lawyer (Partner) | 1990–2002 | Corporate/securities practice; partner-level leadership |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| MMBC Recycling Inc. (Recycle BC) | Board Chair | Current | Chair; stewardship/recycling governance |
| Multi-Material Stewardship Western Inc. (SK Recycles) | Board Chair; Governance Committee member | Current | Chair; governance oversight |
| Stewardship Ontario | Director (prior) | Prior | Extended producer responsibility oversight |
| Alzheimer Society of Toronto | Director (prior) | Prior | Non-profit governance |
| Automotive Materials Stewardship | Director (prior) | Prior | Materials stewardship governance |
Board Governance
- Committee assignments: Chairperson, Nominating, Governance & Sustainability; Member, Audit. Audit Committee met 4x in FY2024; NGS Committee met 4x; Board met 5x. All directors attended at least 75% of Board/committee meetings and the annual meeting in fiscal 2024.
- Independence: Board annually determines independence; Collver is independent. Audit Committee members (including Collver) meet heightened independence standards.
- Controlled company context: SVV is a “controlled company” under NYSE rules and utilizes exemptions for majority-independent board and fully independent NGS/Comp committees; Audit Committee remains fully independent. Governance protections may be lower than non-controlled peers.
- Executive sessions: Independent directors meet regularly without management.
- ESG oversight: NGS Committee leads ESG strategy; Audit Committee oversees cybersecurity/data privacy.
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual cash retainer | $80,000 | Non-employee director cash retainer |
| Chair fee (NGS Committee) | $12,000 | Additional cash for NGS Chair |
| Total cash earned (FY2024) | $92,000 | Paid in CAD but determined based on USD amounts |
Performance Compensation
| Award Type | FY2024 Value/Units | Grant/Terms | Vesting/Deferral | Notes |
|---|---|---|---|---|
| Annual equity retainer (RSUs) | $129,987 | Annual director grant | Time-based; vests on earlier of one-year from grant or next annual meeting; deferrable until separation from Board | Grant-date fair value reflects $13.78 per RSU |
| Stock options (director grants) | No options granted in FY2024 | — | — | Directors held legacy options from prior years; see Ownership section |
Performance metrics: Director equity is time-based; no performance metrics tied to director compensation disclosed.
Other Directorships & Interlocks
| Company | Public/Private | Role | Potential Interlock/Conflict |
|---|---|---|---|
| MMBC Recycling Inc. (Recycle BC) | Private/non-profit stewardship | Board Chair | No SVV-related transaction disclosed; stewardship expertise complements SVV’s reuse mission |
| Multi-Material Stewardship Western Inc. (SK Recycles) | Private/non-profit stewardship | Board Chair; Governance Committee | No SVV-related transaction disclosed |
| Stewardship Ontario; Alzheimer Society of Toronto; Automotive Materials Stewardship | Non-profit | Director (prior) | No SVV-related transaction disclosed |
No other public company directorships for Collver are disclosed in the proxy.
Expertise & Qualifications
- Legal & public policy; sustainability; strategic planning & growth; risk management; human capital management; senior executive service. Skills matrix highlights Collver’s competencies in legal/public policy and sustainability, among others.
- Education: BBA (Acadia University); LL.B. (University of Toronto).
Equity Ownership
| Measure | Amount | Details |
|---|---|---|
| Beneficial ownership (shares) | 73,249 | Includes 68,933 options exercisable within 60 days of 3/31/2025 |
| Percent of class | <1% (“*”) | Based on 157,887,323 shares outstanding |
| Options outstanding (total) | 100,516 | Legacy director options outstanding at FY2024 year-end |
| RSUs outstanding (FY2024 grant) | 9,433 | Collver elected to defer settlement until separation from Board |
| Hedging/pledging | Prohibited | Company policy prohibits hedging or pledging by directors |
| Director stock ownership guideline | 5x annual cash retainer | Compliance required by 5th anniversary; includes unvested RSUs (excludes unexercised options) |
Governance Assessment
- Board effectiveness: Collver chairs the Nominating, Governance & Sustainability Committee and serves on the Audit Committee, aligning with her ESG, legal, and risk background; she meets independence standards and participated at least 75%+ in meetings in FY2024.
- Alignment: Director pay mix includes cash and time-based RSUs (FY2024 cash $92,000; RSUs $129,987); RSU deferral until separation and 5x retainer ownership guideline indicate long-term alignment; hedging/pledging prohibited.
- Conflicts/related-party exposure: Proxy outlines a robust related party transaction review policy; it does not detail any Collver-specific related-party transactions.
- Controlled company red flag: Ares funds own 85.29% of shares and hold significant consent rights (e.g., M&A, indebtedness, equity issuance, CEO changes) under the Stockholders Agreement—this can constrain governance independence, though Audit Committee remains fully independent; Collver’s independence and committee roles are mitigating factors.
- Engagement: Independent directors meet in executive session; Board oversight of sustainability and cybersecurity is formalized; Collver’s ESG leadership is aligned with SVV’s mission.
Overall: Collver presents strong ESG and legal/regulatory credentials with independent status and active committee leadership. The primary governance risk stems from SVV’s controlled company structure and Ares rights, not from Collver-specific conflicts.