Executive Profile

Michael E. J. Phelps L.L.B., O.C., B.A., L.L.M., L.L.D. Special Advisor, Vale Canada Limited

Age	Total Calculated Compensation	This person is connected to 6 Board Members in 6 different organizations across 16 different industries. See Board Relationships
64	--

Background

Mr. Michael E. J. Phelps, L.L.B., O.C., B.A., L.L.M., L.L.D. serves as a Senior Advisor to Deutsche Bank AG, Canada. Mr. Phelps serves as Special Advisor at Vale Inco Limited (formerly, CVRD Inco Limited). He is the Founder of Dornoch Capital, Inc. and serves as its Chairman. Mr. Phelps served as the Chairman at Westcoast Energy Inc. since 1992 and as its Chief Executive Officer and President from January 1988 to March 2002. He has been the Chairman of board for Prodigy ... Gold Inc. since December 19, 2005. He serves as Chairman of the Advisory Board of Duke Energy Gas Transmission-Canada. Mr. Phelps served as the Chairman of Duke Energy Canadian Advisory Council, a subsidiary of Duke Energy Corporation since 2002. He served as the Chairman of Altura Management, Inc. He served as Chairman of Exceed Energy Inc. He served as the Chairman of GLOBE Foundation of Canada, Altura Growth Fund and Fairborne Energy Trust. Mr. Phelps has been an Independent Director of Marathon Oil Corporation since January 1, 2009. He serves as a Director of C.D. Howe Institute. He has been a Director of Spectra Energy Corp. since 2006. He has been Member of Client Advisory Board at Deutsche Bank Trust Company Americas since January 25, 2007. He serves on the Advisory Board of Aon Reed Stenhouse Inc. He served as Member of the Americas Advisory Board at Deutsche Bank AG until September 30, 2010. He served as Director of Canadian Pacific Railway Company since October 2001. He served as a Director of Vale Inco Limited since October 2006. He served as Lead Independent Director of Fairborne Energy Trust. He served as a Director of Canadian Pacific Limited. He served as an Independent Director of Canfor Corp. since 1990. He served as a Director of Fairborne Energy Trust from July 19, 2002 to December 31, 2008. He served as a Director of Duke Energy Corporation from 2002 to January 2, 2007 and Westcoast Energy Inc. since 1987. Mr. Phelps served as a Director of Canadian Imperial Bank of Commerce from 1989 to February 26, 2004. He serves as a Director of Asia Pacific Foundation of Canada and also serves on the board of the Vancouver General Hospital and University of British Columbia Hospital Foundation. The federal government appointed Mr. Phelps as Chairman of "The Wise Persons' Committee". He is the Chairman of the Committee to Nominate the Canada Pension Plan Investment Board. Mr. Phelps serves on the Board of Directors of Canadian Olympic Committee and Vancouver Organizing Committee for 2010 Olympic and Paralympic Games. He is an Adjunct Professor and Distinguished University Fellow of Faculty of Commerce at the University of British Columbia. Since 2001, Mr. Phelps was an Officer to the Order of Canada. He received his Law Degree (LL.B.) (1970) and Bachelor of Arts (1967) from the University of Manitoba, his Masters of Law (LL.M.) from the London School of Economics and Political Science (1971) and his Honorary Doctorate of Laws degrees from the University of Winnipeg and Simon Fraser University.

Corporate Headquarters 200 Bay Street Toronto, Ontario M5J 2K2 Canada Phone: 416-361-7511 Fax: 416-361-7781 Board Members Memberships Former Director Canadian Pacific Limited Former Chairman Exceed Energy Inc. Director C.D. Howe Institute 1987-N/A Former Chairman and Chief Executive Officer Westcoast Energy Inc. 1989-2004 Former Director Canadian Imperial Bank of Commerce 1990-N/A Former Independent Director Canfor Corp. 2001-2012 Former Independent Director, Chairman of Management Resources & Compensation Committee, Member of Corporate Governance & Nominating Committee and Member of Pension Committee Canadian Pacific Railway Limited 2001-N/A Former Director, Chairman of Management Resources & Compensation Committee, Member of Corporate Governance & Nominating Committee and Member of Pension Committee Canadian Pacific Railway Company 2002-2007 Former Director and Chairman of Duke Energy Canadian Advisory Council Duke Energy Corporation 2002-2008 Former Lead Independent Director, Member of Audit Committee, Member of Compensation Committee and Member of Corporate Governance Committee Santonia Energy Inc. 2005-Present Chairman, Member of Audit Committee, Member of Nomination Committee and Member of Human Resources & Compensation Committe Prodigy Gold Inc. 2006-N/A Special Advisor Vale Canada Limited 2006-Present Director, Chairman of Compensation Committee and Member of Finance & Risk Management Committee Spectra Energy Corp. 2009-Present Independent Director, Member of Audit & Finance Committee, Member of Corporate Governance & Nominating Committee and Member of Health, Environmental, Safety & Corporate Responsibility Committee Marathon Oil Corporation Education LLB 1970 University of Manitoba Bachelor's Degree 1967 University of Manitoba Master's Degree 1971 The London School of Economics and Political Science Honorary Doctorate University Of Winnipeg Honorary Doctorate Simon Fraser University Other Affiliations Canadian Pacific Limited Duke Energy Corporation Westcoast Energy Inc. Marathon Oil Corporation Canadian Imperial Bank of Commerce Deutsche Bank AG Spectra Energy Corp. Duke Energy Carolinas, LLC Canfor Corp. Canadian Pacific Railway Limited Deutsche Bank Trust Company Americas Prodigy Gold Inc. University of Manitoba Canadian Pacific Railway Company Simon Fraser University University Of Winnipeg Santonia Energy Inc. The London School of Economics and Political Science Exceed Energy Inc. Altura Management, Inc. C.D. Howe Institute

Annual Compensation There is no Annual Compensation data available. Stocks Options There is no Stock Options data available. Total Compensation There is no Total Compensation data available.

COMPETITOR COMPENSATION

There is no Competitor Compensation data available.