Special Meeting of Directors - June 21, 2011
Meeting Info
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Agenda
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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
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
2. Presentations
3. Other Business
4. New Business
5. Correspondence
A special meeting of the Board of Directors was held in Committee Room 1, 2nd Floor, City Hall, 100 Queen Street West, Toronto, on Tuesday, June 21, 2011 at 10:45 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.
In this section
Minutes of Previous Meetings
TTC Insurance Company Limited Directors Meeting No.’s 33 – June 21, 2010 and Meeting No. 34 – June 21, 2010 and Meeting No. 35 – February 2, 2011
The Directors reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and Secretary to sign the same.
Items Deferred From Last Meeting to Permit Debate/Public Presentations
1.Reports with Confidential Attachments (Committee of the Whole) 2.Presentations
Nil
3.Other Business(a)Actuarial Financial Review
The Board received the 2010 Annual Actuarial Report and approved the Expected Future Financial Condition (EFFC) for 2010 that forecasts the expected future financial condition of TTC Insurance Company Limited. The Board also received from the Actuary a presentation of the 2010 EFFC Report.
(b)Draft Financial Statements for the Year Ended December 31, 2010
The Board of Directors approved the following recommendation as amended:
I)The financial statement of TTC Insurance Company Limited for the year ended December 31, 2010.
II)Forwarding a copy of the approved financial statements to the Shareholders for information.
4.New BusinessNil
5. CorrespondenceNil
The meeting adjourned at 10:51 a.m.