Meeting of Shareholders - June 24, 2013


Meeting Info

Date:Sunday, June 23, 2013
Start Time:11:19 a.m.
Location:Committee Room 2, 2nd Floor, City Hall, 100 Queen Street West
Meeting No:26
  • Agenda
  • Meeting Minutes

Members

Members

  • Chair Peter Milczyn
  • Vice-Chair John Parker
  • Karen Stintz
  • Brian Leck
  • Michael Roche
  • Vincent Rodo

Members

Members

  • Chair Peter Milczyn
  • Vice-Chair John Parker
  • Karen Stintz
  • Brian Leck
  • Michael Roche
  • Vincent Rodo

Declaration of Interest - Municipal Conflict of Interest Act

Resolution to conduct a portion of the meeting in the absence of the public (Committee Of The Whole) in accordance with Section 29 of the TTC by-law to govern Commission proceedings and Section 190 of the City of Toronto Act

Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)

Nil

Business Arising Out of Minutes

Nil

Public Presentations

Nil

Notices of Motions

Nil

Motions Without Notice

Nil

Items of Which Notice has Previously Been Given

Nil

Items Deferred From Last Meeting to Permit Debate/Public Presentation

Nil

1. Reports with Confidential Attachments

Nil

2. Presentations

Nil

4. New Business

Nil

5. Correspondence

A correspondence summary will be distributed at the meeting.

A meeting of the Shareholders was held in Committee Room 2, 2nd Floor, City Hall, 100 Queen Street West, Toronto, on Monday, June 24, 2013 at 11:19 a.m. for the purpose of discussing business related to the Company.

Present

J. Parker (Vice-Chair - TTCICL), M. Adamson, R. Cho, J. Colle, G. De Baeremaeker, A. Heisey, (TTC Commissioners), V. Rodo (President), M.A. Roche (Treasurer), B.M. Leck (General Counsel), M. Ferreira (Secretary), A. Byford (TTC CEO), D. Dixon (TTC COO), C. Upfold (TTC Acting CSO), S. Ghaly (TTC CCO), J. Taylor (TTC Chief of Staff), B. Ross (TTC Executive Director – Corporate Communications), K. Lee (TTC Head of Commission Services), D. McDonald (Co-ordinator – Corporate Secretariat), J. Cheng (J.S. Cheng & Partners), and C. Russell and L. Wittich (PricewaterhouseCoopers LLP) were present.

Vincent Rodo was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

Minutes of the Previous Meeting

  • TTCICL Shareholders Meeting No. 25 – June 21, 2012

The Shareholders reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and Secretary to sign the same.

Business Arising Out of the Minutes

Nil

Committee of the Whole Resolution

Nil

Public Presentations

Nil

Notice of Motions

Nil

Motions Without Notice

Nil

Items of Which Notice Has Previously Been Given

Nil

Items Deferred From Last Meeting to Permit Debate/Public Presentations

Nil

1. Reports with Confidential Attachments (Committee Of The Whole)

Nil

2. Presentations

Nil

3. Other Business 

(a) Receipt of Proxy

The Shareholders received the proxy from Toronto Coach Terminal Inc. to exercise 970 shares in TTC Insurance Company Limited for any Shareholders Meeting held during the year 2013.

(b) Election of Directors

The Shareholders elected the following as Directors for a one-year term from June 24, 2013:

  • Peter Milczyn
  • John Parker
  • Karen Stintz
  • Vincent Rodo
  • Michael Roche
  • Brian Leck

(c) Receipt of Financial Statement for the Year Ended December 31, 2012

The Shareholders received the financial statements of TTC Insurance Company Limited for the year ended December 31, 2012.

(d) Appointment of External Auditor for 2013

The Shareholders appointed PricewaterhouseCoopers LLP to be retained by TTC Insurance Company Limited for the 2013 fiscal year.

(e) Appointment of Actuary for 2013

The Shareholders authorized the Chair and the President to appoint the actuary for the 2013 fiscal year.

4. New Business

Nil

5. Correspondence

Nil

The meeting adjourned at 11:23 a.m.

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