Special Meeting of Directors - June 22, 2015
Meeting Info
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Agenda
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Meeting Minutes
Members
Members
- Chair Joe Mihevc
- Vice Chair Denzil Minnan-Wong
- Shelley Carroll
- Brian Leck
- Michael Roche
- Vincent Rodo
Members
Members
- Chair Joe Mihevc
- Vice Chair Denzil Minnan-Wong
- Shelley Carroll
- Brian Leck
- Michael Roche
- Vincent Rodo
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)
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 Monday, June 22, 2015 at 9:57 a.m. for the purpose of discussing business related to the Company.
Present
J. Mihevc (Chair – TTCICL), D. Minnan-Wong (Vice Chair - TTCICL), S. Carroll (Director), J. Colle, A. Heisey, V. Crisanti, R. Lalonde, R. Byers (TTC Commissioners), V. Rodo (President), M. Roche (Treasurer), B.M. Leck (General Counsel), M. Ferreira (Secretary), A. Byford (CEO), J. Taylor (Chief of Staff), K. Lee (Head of Commission Services), D. McDonald (Co-ordinator – Corporate Secretariat), Jim K. Christie, Carrie Lam (Collins Barrow Toronto Actuarial Services Inc.), Cathy Russell and Akif Siddiqui (PricewaterhouseCoopers LLP) were present. V. Rodo was in the Chair.
In this section
In this section
Minutes of the Previous Meeting
- TTCICL Directors Meeting No. 45 - February 25, 2015
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) Actuarial Financial Review
The Board received the 2014 annual actuarial report and approved the Expected Future Financial Condition (EFFC) for 2014 that forecasts the expected future financial condition of TTC Insurance Company Limited. The Board also received a presentation of the 2014 EFFC report from the actuary.
(b) Draft Financial Statements for the Year Ended December 31, 2014
The Board of Directors approved the following recommendations:
i. Adopt the financial statements of TTC Insurance Company Limited for the year ended December 31, 2014, 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 10:02 a.m.