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flag CAAT CEO Derek Dobson on leave after $1.6M vacation payout violation, sparking governance crisis.

flag CAAT pension plan CEO Derek Dobson has been placed on administrative leave amid a governance crisis triggered by a $1.6-million vacation payout, which violated internal limits and raised concerns over transparency. flag The payment, made after the sudden departure of three senior executives, follows allegations of improper board decisions and a personal relationship between Dobson and an employee. flag Acting CEO Kevin Fahey, chair Audrey Wubbenhorst, and vice-chair Janet Greenwood have been appointed as part of leadership changes aimed at restoring trust. flag An independent review is underway, with findings expected soon. flag CAAT, which manages $23 billion in assets for about 125,000 members, remains financially sound but faces scrutiny over executive compensation and governance practices.

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