Agencies, Boards, Commissions and Corporations (ABCCs) > Financial / Administrative

Independent Investment Advisory Committee

The Independent Investment Advisory Committee is responsible for advising the Deputy City Manager and Chief Financial Officer on portfolio strategies and governance issues for all of the City's investment portfolios.

Term of office
Four years.

Composition
Three citizen members

Qualifications
In addition to the general eligibility requirements set out in the Public Appointments Policy, members should have:

• knowledge of the City of Toronto Act relating to all statutory provisions for sinking fund operations
• extensive professional skills relating to investment and debt management as well as financial administration
• extensive knowledge of local government procedures, and
• flexibility in daily work activities to permit day to day liaison with City Finance staff for consultation regarding investments.

Meetings
Meets at the call of the CFO, usually 4 to 6 times annually.

Remuneration
No remuneration is paid for service on this committee.

Nomination process - advertised recruitment
The three public members are recruited through City-wide media advertising, screened against Council approved qualifications by a City staff team and short-listed, interviewed and nominated by the City's Civic Appointments Committee for appointment by Council.