Meeting of Shareholders - June 12, 2018
Meeting Info
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Agenda
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Meeting Minutes
Members
- Chair - Joe Mihevc
- Rick Byers
- Ron Lalonde
- Brian Leck
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)
Minutes of the Previous Meeting
Business Arising Out of Minutes
Public Presentations
Notices of Motions
Motions Without Notice
Items of Which Notice has Previously Been Given
Items Deferred From Last Meeting to Permit Debate/Public Presentation
1. Reports with Confidential Attachments
2. Presentations
4. New Business
5. Correspondence
A correspondence summary will be distributed at the meeting.
TTC Insurance Company Limited Meeting of Shareholders
No. 34 Minutes
Wednesday, June 12, 2019
A meeting of the Shareholder was held in Committee Room 1, City Hall, 100 Queen Street West, Toronto, on Wednesday, June 12, 2019 at 9:54 a.m. for the purpose of discussing business related to the Company. R. Lalonde (Chair – TTCICL), B. Bradford, S. Carroll (Directors), B.M. Leck (General Counsel), S. Conforti (TTCICL Treasurer), M. Cosgrove (Secretary), K. Lee and C. Finnerty (Commission Services) were present. B.M. Leck was in the Chair.
Wednesday, June 12, 2019
Declarations of Interest – Municipal Conflict of Interest Act
Nil
The Shareholders reviewed and 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
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) Receipt of Proxy
(b) Election of Directors, Chair and Vice Chair
The Shareholders elected the following as Directors and Audit Committee: Ron Lalonde Shelley Carroll Brad Bradford Brian Leck The Shareholders elected Ron Lalonde as Chair and Brad Bradford as Vice Chair. The Shareholders elected the following as Conduct Review Committee Ron Lalonde Shelley Carroll Brad Bradford The Shareholders elected Ron Lalonde as Chair,
(c) Receipt of Financial Statements of TTCICL for the Year Ended December 31, 2018
The Shareholders received the financial statements of TTCICL for the year ended December 31, 2018.
(d) Appointment of External Auditor The Shareholders approved the appointment of PwC LLP for the provision of external audit services for the 2019 fiscal year. (e) Appointment of Actuary The Shareholders approved the following recommendations:
1. Delegate authority to the Chair of TTCICL and the President of TTCICL to appoint an Actuary as determined by the outcome of the RFP evaluation to be completed in July 2019, on condition that the recommended submission conforms with the specified requirements as set out in the RFP.
2. Direct staff to report back to a meeting of the Shareholders if the conditions set out in Recommendation No. 1 are not achieved.
3. Retain James K. Christie of RSM, formerly Collins Barrow Toronto Actuarial Services Inc. as the Company’s actuary, until such time as a new Actuary is appointed
4. New Business
Nil
5. Correspondence
Nil
The meeting adjourned at 9:59 a.m.
Wednesday, June 12, 2019 - APPROVED