The CEO of the Niagara Health System and St. Joseph's Health System in Hamilton has stepped down as chairman of the board of a troubled subprime mortgage lender amid questions over his ability to meet the demands of his highly paid public sector job while holding a position with a financial institution.
Kevin Smith announced yesterday he has resigned as chair of the board of Home Capital.
The Toronto-based company is facing allegations of misleading investors in their handling of falsified loan applications.
Smith, who will remain a Home Capital board member, said says the demands of his jobs had been ``very manageable,'' until recently.