Audit and Risk Management Committee - February 8, 2017


Meeting Info

Date:Tuesday, February 07, 2017
Start Time:1:00 pm
Location:1900 Yonge Street,7th Floor Executive Boardroom
Meeting No:7
  • Agenda
  • Meeting Minutes

TTC Board Members

  • John Campbell
  • Rick Byers
  • Vince Crisanti
  • Alan Heisey
  • Q.C., Ron Lalonde

Meeting to commence at 9:30 a.m. to deal with Declarations of Interest and a resolution to conduct the meeting in the absence of the public. The Board will immediately meet in the absence of the public (referred to as "Committee of the Whole") to deal with Education/Training)

Declarations of Interest - Municipal Conflict of Interest Act

 

Resolution - Committee of the Whole

Resolution to conduct the meeting in the absence of the public (Committee of the Whole) in accordance with Section 29(b) of the by-law to govern Commission proceedings and Section 190 (3.1) of the City of Toronto Act for the purpose of education/training.

Audit and Risk Management Committee Meeting
Wednesday, May 25, 2016

A meeting of the TTC Audit and Risk Management Committee was held in the 7th Floor Executive Boardroom at 1900 Yonge Street, Toronto, Ontario, on Wednesday, May 25, 2016 commencing at 1:10 p.m. The meeting recessed at 3:50 p.m. on resolution to meet as the Committee of the Whole and reconvened at 4:00 p.m.

J. Campbell (Chair), R. Byers, V. Crisanti and A. Heisey Q.C. (Audit and Risk Management Committee members), A. Byford, (Chief Executive Officer), V. Rodo (Chief Financial & Administration Officer), S. Reed Tanaka (Chief Capital Officer), G. Shortt (Chief Operating Officer), J. O’Grady (Chief Safety Officer), M. Ismail (Principal Risk Advisor), C. Leach (Acting - Head of Audit), M. Roche (Head – Finance and Treasurer), J. Lee (Head Materials & Procurement), I. Jordan (Fleet Manager), P. Smith (Director – Materials Management), K. Lee (Head – Commission Services), D. McDonald (Co-ordinator – Secretariat Services) and M. Balanco (Administrator – Secretariat Services) were present.

B. Romeo-Beehler (Auditor General), J. Ying (Assistant Auditor General), G. Mark (Senior Audit Manager), E. Lu (Audit Manager) and C. Mu (Audit Manager) were present from the City of Toronto, Auditor General’s office.
C. Russell (Partner, Assurance), D. Dhar (Partner, Risk Assurance Services) and T. Dewan (Manager, Assurance) were present from PricewaterhouseCoopers LLP.
 
K. Lillyman (Chair’s Office) and D. Magisano (Mayor’s Office) were also present.
 
J. Campbell was in the Chair.

Present

Present

  • John Campbell (Chair)
  • Rick Byers
  • Ron Lalonde (Members)
  • Joanne De Laurentiis (Commissioner)

Absent

Vincent Crisanti and Alan Heisey, Q.C. (Members)

TTC Staff

C. Upfold (Deputy CEO & Chief Customer Officer), V. Rodo (Chief Financial & Administration Officer), S. Reed Tanaka (Chief Capital Officer), R. Leary (Chief Service Officer), J. Taylor (Chief of Staff), J. O'Grady (Chief Safety Officer), M. Palmer (Acting Chief Operating Officer), B. Leck (Head of Legal & General Counsel), T. Bal (Head of Audit), A. Iannucci (Head of Information Technology Services), M. Ismail (Principal Risk Advisor), C. Leach (Manager - Audit), T. Coelho (Manager - Audit), W. Hafez (Risk Advisor), K. Lee (Head of Commission Services) and C. Finnerty (Co-ordinator – Secretariat Services) were present.

J. Campbell was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

Resolution - Committee of the Whole

In accordance with Section 29(B) of the By-law to govern Commission Proceedings the Audit & Risk Management Committee recessed as the Committee of the Whole to participate in an education and training session on the Audit & Risk Management Terms of Reference.

Education/Training

  1. Audit & Risk Management Terms of Reference Education Session

The Audit & Risk Management Committee participated in an in-camera education/training session on this item.

The meeting adjourned at 12:05 p.m.

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