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INVESTING FOR OUR CONTRIBUTORS & …

INVESTING FOR OUR CONTRIBUTORS & BENEFICIARIES2017 Annual ReportTable of ContentsOperational Highlights 2 Performance 3 Chairperson s report 4 President s Message 7 Purpose 10 Advantages 12 Global Investments 14 Our People 16 Senior Management Team 17 Our Mission and Investment Strategy 18 Management s Discussion & Analysis 42 Compensation Discussion & Analysis 70 Governance Practices of the Board of Directors 86 Financial Statements and Notes 97 CPP Investment Board is an investment organization established to help ensure the Canada Pension Plan (CPP) will be there for generations to compete around the world to secure and manage public and private assets to maximize returns and deliver sustainable value.

Table of Contents. Operational Highlights 2 Performance 3 Chairperson’s Report 4 President’s Message 7 Purpose 10 Advantages 12 Global Investments 14

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