Board of Directors for New Toronto Hydro Corporation

(City Council on March 2, 3 and 4, 1999, deferred consideration of this Clause to its next regular meeting to be held on April 13, 1999.)

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(Clause No.25 of Report No. 5 of the Strategic Policies and Priorities Committee, headed "Board of Directors for New Toronto Hydro Corporation")

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The Strategic Policies and Priorities Committee reports having concurred with the Recommendation embodied in the following report (February 19, 1999) from MayorMelLastman:

Purpose:

To update the Strategic Policies and Priorities Committee on the status of the nomination process for the Board of Directors for the new Toronto Hydro.

Recommendation:

It is recommended that the nominations for the Board of Directors for the new Toronto Hydro Corporation be submitted directly to Council for consideration at its meeting of March 2, 1999.

Council Reference:

At its meeting on December 16 and 17, 1998, Council appointed a Steering Committee to work with the search consultant to develop a slate of nominees for the Board of Directors for the new Toronto Hydro Corporation. The Strategic Policies and Priorities Committee had recommended that the issue be considered by Council at its meeting of March 2, 1999.

Conclusions:

The Steering Committee is in the final stages of considering citizen nominees. In order to give full consideration to this important issue for the City, the Committee will be prepared to forward its recommendation directly to Council for consideration in camera at the March 2, 1999, meeting.

Respectfully submitted,

MAYOR MEL LASTMAN,

Chair

Toronto, February 23, 1999

Patsy Morris

Tel. (416) 392-9151