The Board of Dundee Corporation appointed Mr. Robert McLeish as the new Independent Chairman of the Board. Mr. McLeish has been the Lead Director of Dundee Corporation, and prior thereto, the Lead Director off Dunde Wealth before its sale to the Bank of Nova Scotia. He is currently a member of the audit committee, corporate governance and nominating committee, and serves as Chairman of the compensation committee.

To accommodate the appointment of Mr. McLeish, Mr. Ned Goodman has resigned his role as Chairman of the Board. Mr. Goodman will remain a director of the company, and will continue in his other current roles with the company, including as Chief Executive Officer of Goodman Merchant Capital Inc. In addition, the Board has accepted the resignation of Mr. Normand Beauchamp, who has served the Board since the establishment of the company in 1991. The Board also announced the appointment of Ms. Virginia Gambale as a director of the company.

A strategic, global technology leader, financial executive and investor, Virginia is the founder and managing partner of Azimuth Partners LLC. Ms. Gambale was formerly a senior executive at Merrill Lynch, Bankers Trust and Deutsche Bank and has served as an advisor, impacting over 20 public and private companies including as a member of the boards of JetBlue (NASDAQ), Piper Jafray (NYSE), Motive Inc., Workbrain, Synchronoss Technologies and IQ Financial (Chairman).