People at boardroom table meeting

Chair's message to shareholders

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On behalf of the Board of Directors, I want to extend my appreciation to all our employees for delivering yet another good year for Morneau Shepell. The year 2017 involved a transition to our new CEO, Stephen Liptrap, under whose leadership the Company evolved its strategy for taking the business forward. The Board supports the Company’s direction and especially its renewed emphasis on continuing to deliver solid business results while pursuing growth entrepreneurially in a dynamic HR sector.

Entrepreneurial innovation has long been a Company strength going back to its inception in 1966 and the visionary leadership of our Founder, Frank Morneau. Frank retires this year from the Board at the Annual Meeting of Shareholders in May, most recently serving as its Honorary Chair since 2008. As a distinguished businessman, community leader, and active supporter of many charitable causes, Frank has been a driving force in the Company’s growth into the strong competitor we are today.

When Frank started the company in 1966 as an actuarial and benefits consulting firm, he initially focused on innovative marketing strategies to build a client base in an underserved market segment: trade and industry associations. Over several decades, Frank has been involved as CEO or board member as the Company grew organically and made many strategic acquisitions including Sobeco and Shepell.fgi and Bensinger DuPont and Associates. From the Company’s strong base and from its strategic acquisitions Morneau Shepell has emerged as a North American leader in the human resource sector, with a growing worldwide presence – a Canadian company of which we can all be proud.

On behalf of the Board and the entire Company, I want to thank Frank for everything he has done to build Morneau Shepell over the last 52 years. I would like to personally thank Frank for his support and guidance when I joined the Board and now in my role as Chair. We all wish Frank continued good health, happiness and plenty of time to enjoy his family and his pursuits as he looks to the future.

In closing, on behalf of the Board, I’d like to thank our shareholders, clients, employees and partners for their support in 2017.

Gillian (Jill) Denham
Chair of the Board

Jill Denham