The board of directors of the GSU Defense Fund met on Dec. 10 to receive an update on the financial position of the Fund and hold an investment review meeting with representatives of RBC Dominion Securities.
The reports received by the directors show that the market value of the Defense Fund investments stood at $5.1 million as at Nov. 30, 2020. The directors also considered changes to RBC’s investment mandate and will meet again on Dec. 16 to discuss the matter. The Defense Fund maintains a cash account at Affinity Credit Union to receive members’ dues and all investments are held with RBC.
GSU Defense Fund is administered by a board of directors elected for two-year terms by delegates to the union’s biennial policy conventions. The current directors are Wilfred Harris (Local 1 – Carnduff), Darryl Knelsen (Local 1 – Fairlight), Dennis Piasta (Local 14 – Kindersley), Barb Healey (Local 14 – Edenwold) and Ron Gerlock (Local 8 – Regina). Day-to-day management of the Fund is the responsibility of GSU general secretary Hugh Wagner and financial representative Debbie Head.
If you have questions about the Defense Fund or are interesting in running to become a director on the Fund, contact