Sen. Wallin resigns from Gluskin Sheff

Saskatchewan Senator Pamela Wallin, whose travel expenses have caused a stir in recent weeks, now faces a fresh controversy stemming from wealth management firm Gluskin Sheff and Associates’ corporate filings, according to an investigative report by CBC’s James Cudmore.

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The filings suggest Wallin, who served on the investment firm’s board of directors until last month, was a Toronto resident.

Since she represents Saskatchewan in the senate, she may be running afoul of Constitutionally mandated residency requirements. “Senators are required to own at least $4,000 worth of property in the province they represent. It’s also mandatory that a senator ‘shall be resident’ in that province,” explains the CBC report.

Read: Kagan joins Gluskin Sheff

The Globe and Mail reports Gluskin Sheff CEO Jeremy Freedman has confirmed Wallin’s resignation.

The firm’s filing shows Wallin’s fiscal 2012 compensation included $31,250 in cash and $42,031 in DSUs. It also notes she attended all five of the firm’s board meetings and all four compensation committee meetings.

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