crown corporation financial services industry financial services credit insurance founded ottawa ontario canada 1944 key people benoit daignault president and ceo total assets 41 516 million f2013 1 number of employees 1 200 f2013 website edc export development canada edc ; french exportation et d veloppement canada is canada s export credit agency and a state owned enterprise wholly owned by the government of canada . its mandate is to support and develop trade between canada and other countries and canada s competitiveness in the international market place . 2 edc products and services include trade credit insurance export financing for canadian companies and for their foreign customers bonding solutions international market expertise as well as information on opportunities in international markets . 3 4 5 edc was founded in 1944 . its corporate headquarters is located in ottawa and has 17 regional offices across canada and permanent representations in 12 foreign markets . 6 7 contents 1 history 2 operations 2.1 executive team 3 services 4 governance 4.1 board of directors 5 corporate social responsibility 6 events by edc 7 awards and recognitions 8 references 9 external links history edit in 1944 the export credits insurance act was proclaimed . export credit insurance corporation ecic was created following wwii to help stimulate the canadian economy create jobs and help canadian exporters . the export development act proclaimed on october 1 1969 repealed part 1 of the export credits insurance act and established the export development corporation edc as successor to all property rights and obligations . 8 in 2001 edc changed its name from export development corporation to export development canada 9 operations edit edc operates at arm s length from the federal government and according to commercial principles . edc s mandate is spelled out in the export development act . in response to the global credit crunch in 2009 the government of canada broadened edc s mandate and scope of activity for a two year period to include support for domestic trade and domestic business opportunities . the period was extended to march 12 2014 . 10 the corporation is financially self sustaining . edc raises funds by charging fees for its services and interest on its loans as well as issuing debt in capital markets . edc operates according to a corporate plan approved annually by the federal government and its operating principles dictate that it conducts its business in a manner that is respectful of applicable international agreements to which canada is a party ; is consistent with its corporate social responsibility csr commitments ; and ensures the sound financial management of its activities . 11 edc publishes an online magazine for canadian exporters exportwise exportateurs avertis in french . in 2011 edc and bdc business development bank of canada announced the signing of a new protocol to coordinate collaborative efforts between the two crown corporations to better benefit canadian businesses . 12 in addition to the ottawa headquarters edc operates from 18 regional offices in toronto vancouver montreal calgary halifax etc. as well as representation abroad including china brazil germany south africa singapore united states and more . executive team edit as of august 2016 update benoit daignault president and ceo carl burlock svp and global head financing and investments al hamdani svp and chief risk officer enterprise risk management stephanie butt thibodeau svp human resources ken kember svp finance and technology chief financial officer catherine decarie svp corporate affairs derek layne svp strategy and innovation jim mcardle svp and chief corporate advisor mairead lavery svp business development clive witter svp insurance services edit edc provides trade credit insurance and export financial services bonding products and small business solutions to canadian exporters and investors and their international buyers . edc also supports canadian direct investment abroad and investment into canada . much of its business is done in partnership with other financial institutions and through collaboration with the government of canada . edc s business solutions can help companies who want to 13 grow their business get financing protect against risk free up working capital invest in foreign markets governance edit edc is governed by a board of directors composed of representatives primarily from the private sector . the board s responsibility is to supervise the direction and management of edc . the board reports to parliament through the minister for international trade . board members are appointed by the government of canada . 14 edc s board of directors provides oversight for the corporation s overall corporate social responsibility orientation . this program includes environmental human rights and political risk assessments for each transaction being considered . board of directors edit as of august 2016 update 14 boivin j. burghardt j. clarke h. culbert h. gordon l. khurana v. lifson e. mcleese r. . stefanson j. steiner j. thibault d. warn schindel k. corporate social responsibility edit corporate social responsibility is an operating principle at edc 15 as demonstrated through the continuing partnership with care canada . 16 as well as various awards and recognitions given to the company see awards and recognitions section . youth education program 17 international business scholarships edc awards up to 30 scholarships annually 25 of which go to undergraduate university or college students interested in pursuing a career or furthering their studies in international business with up to 5 additional scholarships for students in programs which combine business with environmental or sustainability studies . an edc scholarship is worth a 4 000 cash award . events by edc edit edc participates in many events both their own hosted and partnered events including conferences webinars matchmaking sessions and roundtable discussions . notable edc events include lets talk exports each spring edc s vice president and chief economist travels across canada to share his view on the global economy . 18 global export forecast edc s vice president & chief economist provides attendees an insightful look at what canadian exporters and investors may expect for the upcoming year . the global export forecast is produced twice per year in april and october . 19 awards and recognitions edit edc was recognized as best global export credit agency by trade finance at its 2016 annual trade finance and global awards ceremony held in london uk march 16 2016 . edc received the chartered professional accountants of canada s 2015 award of excellence in financial reporting federal crown large . edc has also been identified as the seventh top sustainability performer in canada according to the 2014 publication of future 40 responsible corporate leaders by corporate knights . 20 in january 2013 the head office for edc located in downtown ottawa was granted leed for core and shell cs gold certification by the canadian green building council 21 . also in 2013 edc has won two gold quill awards from the international association of business communicators iabc for its 2012 employee conference and for link magazine its internal employee magazine . 22 edc s productions have also garnered much recognition . in 2014 for the marcom awards arlington texas gold award film video survival systems limited customer profile endurance wind power customer profile platinum award film video cavalia customer profile cowater customer profile for the telly awards new york new york bronze award editing cowater customer profile cavalia customer profile bronze award cinematography cavalia customer profile silver award cinematography cowater customer profile in 2013 for the telly awards new york new york bronze award cinematography ostara customer profile nexterra customer profile bronze award film editing nexterra customer profile silver award film editing kinross csr profile ostara customer profile for the communicator awards new york new york award of excellence gold cinematography nexterra customer profile ostara customer profile award of excellence gold film editing nexterra customer profile ostara customer profile references edit 2013 annual report . export development canada . export development act pdf . the minister of justice . our solutions foreign buyer financing . export development canada . bonding and guarantees . export development canada . country info . export development canada . about us . export development canada . contact us . export development canada . export development act pdf . the minister of justice . bill c 31 an act to amend the export development act and to make consequential amendments to other acts . parliament of canada . government tables response to export development canada legislative review . government of canada . 2013 2017 corporate plan summary pdf . export development canada . edc and bdc bolster relationship to better support canadian companies . business development bank of canada . our solutions . export development canada . a b management and governance . export development canada . corporate social responsibility . export development canada . edc renews partnership with care after five successful years . care canada . youth education program . export development canada . let s talk exports cross canada tour . export development canada . global export forecast . export development canada . 2014 future 40 pdf . corporate knights . export development canada headquarters granted leed for core and shell gold certification . iabc award winners . international association of business communicators . external links edit edc official website exportwise.ca enterprise network canada canadian manufacturers and exporters cme dfatd trade commissioner service industry canada government of canada retrieved from https 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