TORONTO, April 27 /PRNewswire/ - In connection with the requisition of Mr. Eugene Melnyk and EM Holdings B.V. (the "Concerned Shareholders") relating to the annual and special meeting of shareholders of Biovail Corporation ("Biovail") to be held on May 28, 2009 (the "Meeting"), the Concerned Shareholders announced today that the two nominees they are putting forward for election as directors at the Meeting are Mr. Paul G. Haggis and Mr. Frank Potter (the "Nominees").
Mr. Haggis served as President and Chief Executive Officer of OMERS for three and a half years, concluding with record results on March 12, 2007. Mr. Haggis is currently the Chairman of Alberta Enterprise Corporation, a new venture fund created by the Alberta Government and he currently serves as Director and Chair of the Investment Committee of the Insurance Corporation of British Columbia, is a Director of Advantage Energy Income Fund of Calgary, is a Trustee and Chair of the Finance Committee of the Royal Ontario Museum in Toronto, is a Director of Canadian Tire Bank and serves as a Director and Chair of the Audit Committee of C.A. Bancorp Inc. Mr. Haggis is also certified as a Chartered Director (C. Dir) through the Directors College at
Mr. Potter is Chairman, Emerging Market Advisors, Inc., a consulting firm dealing with international direct investment and Chairman of Canadian Tire Bank. He is a Director of Canadian Tire Corporation, Limited, Penn West Energy Trust, Softchoice Corporation, Sentry Select Capital Corp., a private company that manages a number of exchange-traded investment trusts, and each of the trusts and funds in the Sentry Select family. Mr. Potter is also Chairman of Imagine Group Holdings Limited, a private Bermuda reinsurance company.
Both Mr. Haggis and Mr. Potter, who had not met Mr. Melnyk before they were approached to stand for election, have a track record of supporting and practicing good corporate governance
|SOURCE Concerned Shareholders of Biovail|
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