In another comment someone posted the link to Vector's website (which I couldn't find linked from any of the announcements, nor by searching on Google), which clarifies #1 and #2.

http://vectorinstitute.ai/

Vector is organized as a not-for-profit corporation. It has 12 directors including some academics, some big names from corporate Canada, two VCs, a few entrepreneurs, and a few people with close ties to the Ontario government.

The directors are:

Ed Clark - former bank CEO, Ontario government economic advisor

Scott Bonham - VC

Vivek Goel - senior administrator at U of T

Mary Jo Haddad - management consultant specializing in healthcare

Chaviva Hosek - U of T public policy professor, former Canadian government advisor

Jordan Jacobs - lawyer and founder of an AI company

Stephen Lake - engineer and founder

Nadir Mohamed - former Big 3 telecom CEO, associated with Ryerson University

Michael Serbinis - scientist and founder

Pearl Sullivan - Dean of Engineering at UWaterloo

Terrence Sullivan - healthcare policy professor at U of T, closely tied to the Ontario government

Shivon Zilis - VC