Special Meeting of Directors - June 15, 2017
Meeting Info
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Agenda
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Meeting Minutes
Members
Members
- Chair Joe Mihevc
- Vice Chair Vincent Rodo
- Rick Byers
- Ron Lalonde
- Brian Leck
- Michael Roche
Members
Members
- Chair Joe Mihevc
- Vice Chair Vincent Rodo
- Rick Byers
- Ron Lalonde
- Brian Leck
- Michael Roche
Declaration of Interest - Municipal Conflict of Interest Act
Nil
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
a.
b.
Minutes of the Previous Meeting
Nil
Business Arising Out of Minutes
a.
b.
Public Presentations
a.
b.
Notices of Motions
a.
b.
Motions Without Notice
a.
b.
Items of Which Notice has Previously Been Given
a.
b.
Items Deferred From Last Meeting to Permit Debate/Public Presentation
a.
b.
1. Reports with Confidential Attachments (Committee Of The Whole)
2. Presentations
Nil.
4. New Business
Nil.
5. Correspondence
A correspondence summary will be distributed at the meeting.
Present
J. Mihevc (Chair – TTCICL), R. Lalonde, R. Byers (Directors), S. Carroll, V. Rodo (President), B.M. Leck (General Counsel), M. Cosgrove (Secretary), D. McDonald (Co-ordinator – Corporate Secretariat), were present.
Vincent Rodo was in the Chair.
In this section
Minutes of the Previous Meeting
Nil
Special Meeting of Directors No. 47 – May 31, 2016 was approved at meeting of Directors September 28, 2016
Items Deferred From Last Meeting to Permit Debate/Public Presentations
Nil
1. Reports with Confidential Attachments (Committee Of The Whole)
(a) 2016 Cyber Security Self-Assessment for the year Ended December 31, 2016
2. Presentations
Nil
3. Other Business
(a) Actuarial Financial Review
The Board received the 2016 annual actuarial report and approved the Expected Future Financial Condition (EFFC) for 2016 that forecasts the expected future financial condition of TTC Insurance Company Limited. The Board also received a presentation of the 2016 EFFC report from the actuary.
(b) Draft Financial Statements for the Year Ended December 31, 2016
The Board of Directors approved the following recommendations:
i. Adopt the financial statements of TTC Insurance Company Limited for the year ended December 31, 2016, and
ii. Forward a copy of the approved financial statements to the Shareholders for information and to the City Manager.
4. New Business
Nil
5. Correspondence
Nil
The meeting adjourned at 10:07 a.m.