Meeting of Shareholders - June 21, 2011


Meeting Info

Date:Monday, June 20, 2011
Location:Committee Room 1, 2nd Floor Toronto City Hall, 100 Queen Street West
Meeting No:23
  • Agenda
  • Meeting Minutes

Members

Members

  • Chair Frank Di Giorgio
  • Vice-Chair Cesar Palacio
  • Peter Milczyn
  • Brian Leck
  • Michael Roche 
  • Vincent Rodo

Members

Members

  • Chair Frank Di Giorgio
  • Vice-Chair Cesar Palacio
  • Peter Milczyn
  • 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

Confidential Attachments (TTC procedural by-Law Section 29 and City Of Toronto Act Section 190 (2)

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

Business Arising Out of Minutes

NIL

Public Presentations

Requests to speak must be registered in writing by 12:00 Noon of 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 1, 2nd Floor, City Hall, 100 Queen Street West, Toronto, on Tuesday, June 21, 2011 at 10:51 a.m. for the purpose of discussing business related to the Company.

Present

F. Di Giorgio (Chair – TTCICL), C. Palacio - (Vice-Chair - TTCICL), P. Milczyn (Director - TTCICL), K. Stintz, V. Crisanti, N. Kelly, D. Minnan-Wong, J. Parker, (TTC Commissioners), V. Rodo (President), M.A. Roche (Treasurer), B.M. Leck (General Counsel), Gary Webster, M. Harbinson, J. Cheng (Actuary from J.S. Cheng & Partners) C. Russell, M. Walsh and S. Richardson (PricewaterhouseCoopers) were present.

F. Di Giorgio was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

Minutes of the Previous Meeting

TTC Insurance Company Limited Shareholders Meeting No. 21 – June 21, 2010 and Meeting No. 22 – February 2, 2011         

The Shareholders reviewed the 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) Election of Directors

The Shareholders elected the following as Directors for a one year term from June 21, 2011:

  • F. Di Giorgio
  • C. Palacio
  • P. Milczyn
  • V. Rodo
  • M.A. Roche
  • B.L. Leck

(b) Receipt of Financial Statements for the Year Ended December 31, 2011

The Shareholders received the financial statements of TTC Insurance Company Limited for the year ended December 31, 2010.

(c) Appointment of External Auditor for 2011

The Shareholders appointed PricewaterhouseCoopers LLP, to be retained by TTC Insurance Company Limited for the fiscal year 2011.

(d) Appointment of Actuary for 2011

The Shareholders authorized the Chair and the President to appoint the actuary for the fiscal year 2011.

4. New Business
Nil

5. Correspondence
Nil

The meeting adjourned at 10:52 a.m.

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