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September 11, 2012
City of Toronto seeking citizen appointments to Waterfront Toronto and Toronto Hydro boards of directors
  
The City of Toronto is seeking three Toronto citizens to serve on the board of directors of Waterfront Toronto and eight Toronto citizens to serve on the board of directors of Toronto Hydro.

"We're inviting residents to contribute their skills, experience and knowledge to the boards of two Toronto agencies," said Mayor Rob Ford. "The City relies on the valuable input of residents on these boards."

Waterfront Toronto is an independent corporation, without share capital, comprised of the Government of Canada, the Province of Ontario, and the City of Toronto as partners. Waterfront Toronto’s mandate is to lead and oversee Toronto’s waterfront revitalization activities in a designated area from Coxwell Avenue to Dowling Avenue.

Citizen members appointed by City Council to the 13-member Waterfront Toronto board will apply their knowledge, skills and experience to draw private-sector investment and achieve significant environmental improvements, social and public realm benefits, and economic activity through revitalization of the Toronto waterfront.

Toronto Hydro Corporation is a business corporation wholly owned by the City of
Toronto and subject to regulation by the Ontario Energy Board and the Ontario Securities Commission. Toronto Hydro and its two affiliates have a combined workforce of about 1,600 employees, assets of approximately $3.5 billion and annual revenues of approximately $2.8 billion. The main business of Toronto Hydro Corporation is the distribution of electricity to the citizens of Toronto.

The Board of Directors of Toronto Hydro is comprised of eight citizen members, two Councillors and one Mayor representative. The Board of Directors is responsible for supervising the management of the corporation’s business affairs, including: approving the overall business strategy; approving any dividend payment or distribution of capital; approving the financing strategy; ensuring the corporation follows shareholder direction; and appointing officers of the corporation and the subsidiaries’ boards of directors.

Appointments to these boards will conform to the general eligibility requirements of the Public Appointments Policy; appointees will be interviewed by a Corporation Nominating Panel and recommended for approval by City Council.

The citizen appointees will serve on the board for two years plus a renewal term of two years, or until their successors are appointed. Citizens appointed to these boards should have directorship and executive-level experience and have experience with one or more large organizations.

Information about the appointments process, specific requirements and a copy of the application form are available on the City’s website at http://www.toronto.ca/public-appointments/.

Applications must be received by 4:30 p.m. on Monday, September 24, using one of the following methods:
• EMAIL (preferred) Waterfront Toronto applications to waterfront@nafor.com
• EMAIL (preferred) Toronto Hydro applications to hydro@nafor.com
• Fax applications for Waterfront Toronto and Toronto Hydro to 416-531-3130
• Mail or in person to NAFOR Inc., 5700-100 King St. W., Toronto, ON M5X 1C7

The City encourages applications from candidates reflecting Toronto’s diverse population.

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.7 million people. Toronto's government is dedicated to delivering customer service excellence, creating a transparent and accountable government, reducing the size and cost of government and building a transportation city. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

Media Contact
Deborah Brown
Manager Communications Planning and Research, Strategic Communications
416-392-9305
dbrown3@toronto.ca

 

 

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