IRI Managment

Independent Review Inc.'s team is a dedicated group of professional individuals with extensive knowledge in the mutual fund and regulatory market industries.

W. William Woods

Chairman Emeritus

William Woods currently serves as an independent, non-executive, director on the boards of a number of offshore hedge funds and as an independent review committee member for several public investment fund groups in Canada. He is the Chair of two IRCs.

William has served on Hedge Fund Boards and IRCs for more than 16 years and has had experience dealing successfully with fund launches, fund closures, liquidation and various liquidity crisis during that period.

William co-founded and is currently Chairman Emeritus of Independent Review Inc. (a firm that specializes in investment fund governance and sound governance for public companies). IRI supports over 35 Independent Review Committees on an ongoing basis and has assisted Investment Managers to establish over 40 IRCs over the last ten years.

William has been a capital markets consultant since January 2002. From 1995 to December 2001, he was the Chief Executive Officer of the Bermuda Stock Exchange. Prior to that, Mr. Woods co-founded the International Securities Consultancy, a consulting group based in Hong Kong and London that specializes in advising on the development of both emerging and mature securities markets.

He is a lawyer, admitted to practice in Bermuda, England & Wales and Hong Kong. He was a solicitor with Linklaters & Paines in Hong Kong where he specialized in corporate finance work. For three years, he acted as Legal Counsel to the Stock Exchange of Hong Kong.

LL.B., ICD.D (June 2017)

Michèle D. McCarthy

President and CEO

Michèle D. McCarthy, ICD.D, LLB/LLM, is a lawyer with significant experience in leading and implementing strategic acquisitions in the financial services industry and managing change within organizations.

Since October 2003, she has been running her own law practice, McCarthyLaw, which provides a Virtual General Counsel service to medium sized hedge funds, mutual funds, reporting issuers and Schedule II and III banks. Michèle began her career as a litigation lawyer and then partner with Fraser & Beatty, the predecessor firm to Dentons. From 1997 to 2002, she was the Chief Legal Officer, Director & Corporate Secretary for Deutsche Bank Canada and Deutsche Bank Securities and created Deutsche Bank AG, Canada Branch and integrated Bankers Trust. In 2002 and 2003, she completed the Corporate Reorganization of UBS Bank (Canada) and was responsible for establishing UBS AG Canada Branch. From 2007 to 2011, she was the Chief Legal Officer and head of compliance for GMAC Residential Funding of Canada, ResMor Trust and Ally. More recently, she has led projects for Cidel Bank & Trust and Jameson Bank in the bank regulatory area and other projects in the financial services industry. Michèle has expertise in Canadian and U.S. regulatory, compliance and corporate governance matters and is fluent in English and French.

Michèle was the Chair of the Toronto Port Authority and a member of the Small Business Advisory Committee of the Ontario Securities Commission. She was the Chair of the board of Sandy Lake Gold Inc. (TSX-V) and of TD Split Co, 5 Banc Split Co and Big 8 Split Co. and served as a director of Equity Financial Holdings Corporation and Brain Hunter (TSX). Michèle has sat on various Independent Review Committees since NI 81-107 came into force and continues to chair and be a member on various committees. In addition to her other board and committee roles, she was a Trustee of Trinity College (University of Toronto), the President of Toronto’s oldest charity, the St. Georges Society of Toronto, a director of the Canada’s National Ballet School (Chair of the H.R. Committee), the Rekai Foundation and is currently serving on the McMichael Gallery Foundation, the Senate of the Queen’s Own Rifles and the Freemen of the City of London of North America. She is also a member of the Institute of Corporate Directors and is the recipient of the Ontario Volunteer Award and of the Freedom of the City of London (U.K.).

University of Toronto’s Rotman School/Institute of Corporate Directors - Certified as ICD.D. LLB and LLM in Securities Law - Osgoode Hall. Admission to the Ontario Bar. MA (Political Science) - University of Windsor. B.A. (Honours) - University of Toronto (Trinity College).

Geoff Salmon

Managing Director

Geoff Salmon is the Managing Director for IRI. He has been with IRI since 2008 and is responsible for providing IRI’s secretariat services to over 35 Independent Review Committees which includes advising the Committees and the Managers of the fund groups on conflict of interest matters under NI 81-107. These fund groups range in size from a few funds to large fund groups like, Ninepoint, Russell and NEI Funds.

He has reviewed and provided advice on a vast array of conflict of interest matters referred to the IRCs over the past 11 years and has developed a comprehensive set of precedents for the IRCs and fund managers since he has been with IRI.

Prior to IRI Geoff Salmon’s corporate finance experience spans over 13 years. He spent 6 years at a seed capital fund, Innovation Ontario, investing in early stage businesses and 7 years in corporate finance with several smaller investment banks.

Geoff holds a LLB from Western Law, 1978.

Leslie Deschamp

Corporate Secretary

Leslie Deschamp is a Corporate Secretary at IRI. She has been with IRI since March of 2019 and is responsible for liaising with external IRC members and investment fund managers to coordinate over 100 IRC meetings annually for approximately 40 clients. This involves preparing agendas and other documentation for the meetings, minute-taking and tracking of action items. She also assists with providing training for and in the maintenance of IRI’s board portal, maintaining the records for the IRCs in accordance with regulations, and completion of regulatory filings via SEDAR. In addition, Leslie is responsible for managing the logistics for IRI’s continuing education seminars which are held at least twice a year.

Leslie has more than 18 years of experience gained through a variety of corporate/securities law clerk and compliance roles, having worked as a corporate law clerk at 2 large Toronto law firms, as an in-house law clerk for several Toronto-based firms in the investment industry and also having spent 4 years as a compliance officer for a large firm in the investment industry.

Leslie has extensive experience managing board meeting and annual general meeting processes, as well as overseeing the maintenance of the records for a large number of subsidiary entities, including for Canadian public entities and entities based internationally in jurisdictions such as the U.S.A., Luxembourg, the Cayman Islands and Hong Kong.

Leslie holds a B.Sc. from the University of Waterloo, 2000.


IRI Roster Of Members

Independent Review Inc.’s roster of IRC members includes talented industry executives, each with many years experience in investment/asset management, pensions, accounting, tax, compliance, regulatory matters and law.

Please contact us to discuss our roster of industry executives.

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Independent Review Inc.
175 Bloor Street East
Suite 1316, North Tower
Toronto, ON M4W 3R8
  • +1 416-849-1928
  • +1 416-913-1315

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