Audit and Risk Management Committee - July 20, 2016
TTC Board Members
- John Campbell (Chair)
- Rick Byers
- Vince Crisanti
- Alan Heisey
- Q.C., Ron Lalonde
Declarations of Interest - Municipal Conflict of Interest Act
Business Arising out of the Minutes
Notice of Motions
Motions without Notice
- TTC Top Risks Update (This report contains confidential information about the security of property of the TTC) (For Action)
- Internal Audit Activities – Quarterly Update: Q2 2016 (For Information)
Meeting No.: 5
Meeting Date: Wednesday, July 20, 2016
A meeting of the TTC Audit and Risk Management Committee was held in the 7th Floor Executive Boardroom at 1900 Yonge Street, Toronto, Ontario, on Wednesday, July 20, 2016 commencing at 1:15 p.m.
Rick Byers, Alan Heisey, Q.C.
A. Byford, (Chief Executive Officer), J. Taylor (Chief of Staff), S. Reed Tanaka (Chief Capital Officer), M. Palmer (Acting - Chief Operating Officer), J. O’Grady (Chief Safety Officer), R. Leary (Chief Service Officer), T. Bal (Head of Audit) C. Leach (Manager - Audit), M. Ismail (Principal Risk Advisor), J. Lee (Head Materials & Procurement), D. McDonald (Co-ordinator – Secretariat Services) and M. Balanco (Administrator – Secretariat Services) were present.
K. Lillyman (Chair’s Office) and D. Magisano (Mayor’s Office) were also present.
J. Campbell was in the Chair.
In this section
Minutes of the Previous Meeting
The motion by Commissioner Lalonde carried.
Business Arising Out of the Minutes
Item No. 1. TTC Top Risks Update;
- Bob Brent
The Committee received the deputation for information. (See Item No. 1 for minute)
1. TTC Top Risks Update
M. Ismail reviewed the TTC Top Risks. The Committee opted not to meet in closed session and:
1) Received the information as set out in the Attachments;
2) Noted that confidential information as set out in Confidential Attachment (2) is to remain confidential in its entirety as it contains information about the security of the property of the TTC.
2. Internal Audit Activities – Quarterly Update: Q2 2016
T. Bal reviewed the Internal Audit Activities – Quarterly Update Q2 2016.
The Committee received this report for information.
The meeting adjourned at 2:07 p.m.