Build Toronto – Board Governance Structure
Mandate and Responsibilities
In October 2008, City Council approved the establishment of Build Toronto Inc. under the authority of the City of Toronto Act, 2006 and Ontario Regulation 609/06. Build Toronto is incorporated under the Business Corporations Act, with the City of Toronto as its sole shareholder. On December 5, 2017, City Council updated Build Toronto Shareholder Direction to align the Corporation with the new City-wide real estate model.
The revised mandate of Build Toronto is to support CreateTO and the City-wide real estate model to implement the City’s real estate strategy, develop City buildings and lands for municipal purposes and deliver client-focused real estate solutions to City Divisions, Agencies and Corporations.
The Board of Directors is responsible for supervising the management of the business and affairs of Build Toronto, including the following specific activities:
- developing City and City agency surplus lands and excess real estate with development potential;
- working with other sectors in urban regeneration, City building, placemaking and municipal project development; and
- using financial incentive tools as provided by the City.
Board Size and Composition
Members of the Board of Directors of CreateTO are the ex officio members of the Board of Directors of Build Toronto. The Board of Directors of CreateTO consists of 9 members and is composed of:
- the Mayor, or a Council Member appointed by the Mayor as the Mayor’s designate;
- 2 members of Council from the different Community Council area; and
- 6 public members.
Chair and Vice-Chair
The ex officio Chair of the Board of Directors of Build Toronto is the Chair of the Board of Directors of CreateTO, who is appointed by Council from among the Board’s public members. The Board appoints a vice-chair from among its members.
Public members of the Board of Directors collectively demonstrate a range of qualifications required to be appointed to the Board of Directors of CreateTO:
- Executive level experience in a major public, private, or not-for-profit organization;
- Senior level experience and professional skills in real estate, property development, urban planning, facilities management, investment industry, infrastructure delivery, community development, economic development, brownfield remediation, or environmental sustainability;
- Experience in large-scale transformative change and implementing complex business strategies;
- Post-graduate degree preferred in any one of the following fields: finance, business, economics, risk management, accounting, public administration, urban planning, engineering, or law; and/or
- A certificate in board governance or training in a related field, such as director’s education, is preferred.
Board meetings are approximately every other month or at the call of the Chair. Board meetings are open to the public, except for meetings or parts of meetings where a subject matter is being considered that is set out in section 190 of the City of Toronto Act, 2006.
Public members are remunerated as per the terms of their appointment as members of the CreateTO Board of Directors, as detailed in Municipal Code Chapter 215. No remuneration is paid to Council Members on the Board.