Special Meeting of Directors - June 24, 2014
Meeting Info
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Agenda
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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
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 Board of Directors was held in Committee Room 2, 2nd Floor, City Hall, 100 Queen Street West, Toronto, on Tuesday, June 24, 2014 at 11:04 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), J. Cheng (J.S. Cheng & Partners), 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 Directors Meeting No. 41 - June 24, 2013 and Meeting No. 42 – June 24, 2013
The Directors reviewed and approved the minutes of the above mentioned meetings and authorized the Chair and Secretary to sign the same.
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) Establish Conduct Review Committee
The Board approved the recommendation to establish the Conduct Review Committee.
(b) Conduct Review Committee Charter
The Board approved the following recommendations:
i. Adopt the Charter for the Conduct Review Committee as proposed, and
ii. Appoint John Parker as the Chair for the CRC.
(c) Actuarial Financial Review
The Board received the 2013 annual actuarial report and approved the Expected Future Financial Condition (EFFC) for 2013 that forecasts the expected future financial condition of TTC Insurance Company Limited. The Board also received a presentation of the 2013 EFFC report from the actuary.
(d) Draft Financial Statements for the Year Ended December 31, 2013
The Board of Directors approved the following recommendations:
i. Adopt the financial statements of TTC Insurance Company Limited for the year ended December 31, 2013, and
ii. Forward a copy of the approved financial statements to the Shareholders for information.
4. New Business
Nil
5. Correspondence
Nil
The meeting adjourned at 11:16 a.m.