Meeting of Shareholders - June 24, 2014
Meeting Info
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Agenda
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Meeting Minutes
Members
Members
- TCTI
Members
Members
- TCTI
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
Minutes of the Previous Meeting
Business Arising Out of Minutes
Nil
Public Presentations
Requests to speak must be registered by 12:00 Noon of the business day preceding meeting day.
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 Tuesday, June 24, 2014 at 11:16 a.m. for the purpose of discussing business related to the Company.
Present
J. Parker (Vice Chair - TTCICL), K. Stintz (Director), A. Heisey, (TTC Commissioners), M.A. Roche (Treasurer), B.M. Leck (General Counsel), M. Ferreira (Secretary), J. Taylor (TTC Chief of Staff), K. Lee (TTC Head of Commission Services), D. McDonald (Co-ordinator – Corporate Secretariat), and S. Ewert and N. Maraj (PricewaterhouseCoopers LLP) were present.
Michael Roche was in the Chair.
In this section
In this section
Minutes of the Previous Meeting
- TTCICL Shareholders Meeting No. 26 – June 24, 2013
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
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 2014.
(b) Election of Directors
The Shareholders elected the following as Directors for a one-year term from June 24, 2014:
- John Parker – Chair
- Alan Heisey – Vice Chair
- Karen Stintz
- Vincent Rodo
- Michael Roche
- Brian Leck
(c) Receipt of Financial Statement for the Year Ended December 31, 2013
The Shareholders received the financial statements of TTC Insurance Company Limited for the year ended December 31, 2013.
(d) Appointment of External Auditor for 2014
The Shareholders appointed PricewaterhouseCoopers LLP to be retained by TTC Insurance Company Limited for the 2014 fiscal year.
(e) Appointment of Actuary for 2014
The Shareholders appointed Collins Barrow Toronto Actuary Services Inc. as the actuary for the 2014 fiscal year.
The Board asked if actuarial services performed by the appointed actuary include other areas of TTC such as employee benefits and pensions. It was confirmed that the appointed actuary for the TTC Insurance Company Limited works solely for the Company. The Board requested that consideration be given to consolidating actuarial work.
4. New Business
Nil
5. Correspondence
Nil
The meeting adjourned at 11:21 a.m.