Adam Waterous, the Banff Centre board chair, was fired Friday by the province along with the rest of the board and replaced by Paul Baay, a temporary administrator.
However, Waterous said he was advised in October, 2022 by Banff Centre general counsel David Cox that Price was engaging in the succession process, which technically was a conflict of interest. "Once I had been advised by the general counsel that she was participating in the CEO succession process – which is a conflict of interest – I had a fiduciary duty as chair to advise her that her participation on the CEO succession process was a conflict of interest," Waterous said.
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