Greater Toronto Airports Authority (GTAA) Board
The Greater Toronto Airports Authority (GTAA) was incorporated in 1993 under Part II of the Canada Corporations Act as a corporation without share capital. The mandate of the GTAA is to operate and develop a regional network of airports in the Greater Toronto Area.
In 1996, the GTAA assumed the operation, management and control of Pearson International Airport through a ground lease arrangement with Transport Canada, in accordance with the National Airports Policy. The GTAA has the authority to operate the airport on a commercial basis and to set airline rates and charges. The federal government retains regulatory control over the aviation industry.
The General Operating Bylaw of the GTAA sets out the requirements for members of the board of directors. Under the bylaw, the City of Toronto is invited to submit three nominees from whom the GTAA Board may appoint one person to serve on the board as the City's nominee. If the GTAA Board determines that the City's proposed nominees are ineligible or do not meet the requirements of the board, the GTAA Board may select another appointee who is not nominated by the City.
The board of directors is responsible for the management and operation of Pearson International Airport, including the following specific matters:
- develop and review long-term corporate goals and objectives
- oversee the overall management and operation of Canada's largest airport
- ensure the appropriate systems and mechanisms are in place to manage the risks of the Corporation's business
- ensure that Management develops and maintains systems and controls to ensure compliance with laws and regulations
- consider and approve the financial statements for the previous year
- develop policies to promote the development of a regional system of airports in the GTA
- develop an overall strategy for developing and funding airside and terminal development projects
- appoint an Auditor
- report to the Nominating Body and to keep the Nominating Body regularly informed of the Authority's activities
Members of the board serve on various sub-committees as may be appointed from time to time.
Term of office
The term for each board member is three years and no member may serve for longer than nine years.
The board consists of 15 members:
- 2 members appointed by the Government of Canada
- 1 member appointed by the Government of Ontario
- 5 members appointed by the board from candidates proposed by the Municipal Nominators (Durham, Halton, Peel, York and Durham Regions and the City of Toronto)
- 4 members appointed by the board form among candidates proposed by the Non-governmental nominators
- 3 members appointed by the board from candidates proposed by the Governance Committee
The board generally meets once a month and holds an annual public meeting in May of each year.