NOTICE OF THE ANNUAL MEETING OF MEMBERS

Transcription

1 NOTICE OF THE ANNUAL MEETING OF MEMBERS Attached is a summary of the financial statements, as well as the list of nominations to the board of directors. The complete version of the financial statements may be obtained upon request at , ext It will also be distributed at the annual meeting. OF THE BOARD OF TRADE OF METROPOLITAN MONTREAL Thursday, October 12, 2006, from 11 a.m. to Noon OMNI Mont-Royal Hotel 1050 Sherbrooke Street West Montreal To the members, directors, and auditors: Over the past year, the has distinguished itself through its contributions to major issues that are of vital importance to the metropolis and reflect its unique and exceptional character. It has spoken out on many important questions, including the contributions of the private sector to the funding of culture; the implementation of concrete measures promoting the integration of skilled immigrant workers; the expansion of the Percival-Molson Stadium; and the need to focus on the funding of higher education the cornerstone of our collective prosperity. In addition to its numerous statements, the Board of Trade published an in-depth study in its Montreal health report on attracting, training, and retaining talent. Among other things, the new season will be devoted to the deployment of the other major thrust of its mission: offering an integrated range of specialized services to companies of all sizes, so as to support them in realizing their full potential in terms of innovation, productivity, and competitiveness. The Board of Trade strives not only to be contributory, but also representative through its strong membership reflecting the diversity of the driving forces of the Montreal s economy. The Board of Trade is able to participate actively to the economic, social, cultural, and environmental development of metropolitan Montreal because, for almost 200 years, it has continually adapted and kept pace with ever-changing realities, so as to remain always relevant to its members, credible to the public, and influential among decision makers. On behalf of the, I am pleased to invite you to the 2006 annual meeting of members, on Thursday, October 12, at 11 a.m., at the OMNI Mont-Royal Hotel, 1050 Sherbrooke Street West. It will be followed by a business luncheon at which Isabelle Hudon will be the guest speaker. 11 a.m. to noon Annual meeting of members Noon to 2 p.m. Business luncheon Speech by Isabelle Hudon, president and CEO One single cause : Montreal! (Mandatory registration at At the annual meeting, members shall: receive the financial statements and auditors report; receive the list of the proposed Board of directors for ; elect the board of directors; appoint auditors; consider and determine any other matters which can legally be presented to the members meeting. Any member who cannot attend may appoint, in writing, a proxy to vote at the meeting, provided that any proxy form be delivered to the and chief executive officer of the Board of Trade at the latest on Thursday, October 5, 2006, before 5 p.m. You may obtain a copy of the proxy form by contacting Nathalie Besner at , ext. 4002, or by at the following address: nbesner@ccmm.qc.ca Montreal, September 21, 2006 Marie-Claude Lalande Chairman of the board

2 EXTRACT FROM THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2006 BOARD OF TRADE OF METROPOLITAN MONTREAL Note: The audited annual financial report will be distributed at the annual meeting and is presently available upon request at the Board of Trade of Metropolitan Montreal. BALANCE SHEET SUMMARY ASSETS Current assets 2,057, ,058 Investments 928, ,707 Property and equipment 380, ,819 TOTAL ASSETS 3,367,062 2,812,584 LIABILITIES Current liabilities 2,135,930 1,517,960 Deferred lease inducement 238, ,880 Deferred revenue 316, ,000 Accrued benefit liability - 829,300 TOTAL LIABILITIES 2,691,218 2,912,140 SURPLUS (DEFICIT) Invested in property and equipment 380, ,428 Unappropriated 294,887 (624,984) 675,844 (99,556) TOTAL LIABILITIES AND DEFICIT 3,367,062 2,812,584 EARNINGS SUMMARY REVENUE Members' service 1,498,351 1,488,671 Activities 1,881,142 1,495,110 Communications and strategy 397, ,406 3,777,231 3,480,187 EXPENSES Members' service 149, ,926 Activities 1,090, ,912 Communications and strategy 292, ,784 1,532,922 1,352,622 EXCESS OF REVENUE OVER EXPENSES BEFORE OTHER ITEMS 2,244,309 2,127,565 OTHER ITEMS Other revenue 2,147,818 2,163,021 Other expenses Global remuneration 2,841,082 2,745,532 Operating expenses 1,545,945 1,540,185 (2,239,209) (2,122,696) EXCESS OF REVENUE OVER EXPENSES FROM OPERATIONS BEFORE THE FOLLOWING 5,100 4,869 Contribution to Board of Trade of Metropolitan Montreal Foundation 20,000 - Pension benefit cost (revenue) (790,300) 30,700 (770,300) 30,700 EXCESS OF REVENUE OVER EXPENSES (EXPENSES OVER REVENUE) FOR THE YEAR 775,400 (25,831) Approved by the Board of directors Marie-Claude Lalande, Chairman Pierre Laflamme, Treasurer

3 BOARD OF DIRECTORS PROPOSED FOR BOARD OF TRADE OF METROPOLITAN MONTREAL According to the by-law 34 of the Code of Administrative by-laws of the Board of Trade, the nominations committee is proposing to the members the following candidates to serve on the board of directors for fiscal year Pierre Anctil Executive vice-president SNC-Lavalin Group Inc. Roch Denis Rector Université du Québec à Montréal Hélène Desmarais Chairman and chief executive officer Montreal enterprises and innovation centre Sylvie Giguère Vice-president, SMB Sales for Québec Bell Canada Isabelle Hudon and CEO Claude Lajeunesse Concordia University Marie-Claude Lalande Assistant vice-president and senior counsel Sun Life Financial Johanne Lépine and chief executive officer Aon Parizeau Inc. Dominique Levesque Vice-president, Operations Eastern Canada Protectron L.P. Elliot Lifson Vice-chairman Vêtements Peerless Clothing inc. France-Éliane Nolet Jeune Chambre de commerce de Montréal John Parisella BCP ltée Lorraine Pintal Artistic and general director Théâtre du Nouveau Monde Roger Plamondon Société en commandite Stationnement de Montréal Jan-Fryderyk Pleszczynski Lawyer Fasken Martineau Marc Poulin Sobeys Québec Rémi Racine and executive producer Artificial Mind & Movement (A2M) Robert Racine Partner Kenniff & Racine, Executive Search Erik Ryan Vice-president, Corporate Affairs and Communications Alcan Primary Metal Group Danielle Sauvage Executive director and secretary Conseil des arts de Montréal Jérôme Silvestre Sanofi-aventis Larry Smith and chief executive officer Montreal Alouettes Martin Spalding General manager Grand Prix F1 du Canada Inc. Pierre Turcotte Senior vice-president and general manager Québec CGI Helen Tyros Associate vice-president, Sales, service and human resources TD Canada Trust Quebec Region

4 NOTICE OF THE ANNUAL MEETING OF MEMBERS Attached is a summary of the financial statements, as well as the list of nominations to the board of directors. The complete version of the financial statements may be obtained upon request at , ext It will also be distributed at the annual meeting. OF THE FOUNDATION Thursday, October 12, 2006, from 11 a.m. to noon OMNI Mont-Royal Hotel 1050 Sherbrooke Street West Montreal To the members, directors and auditors: You are invited to attend the annual meeting of the Foundation, which will take place on Thursday, October 12, at 11 a.m., at OMNI Mont-Royal Hotel, 1050 Sherbrooke Street West. It will be followed by a business luncheon at which Isabelle Hudon will be the guest speaker. 11 a.m. to noon Annual meeting of members Noon to 2 p.m. Business luncheon Speech by Isabelle Hudon, president and CEO One single cause : Montreal! (Mandatory registration at At the annual meeting, members shall: receive the financial statements and auditors report; receive the list of the proposed Board of directors for ; elect the board of directors; appoint auditors; consider and determine any other matters which can legally be presented to the members meeting. Any member who cannot attend may appoint, in writing, a proxy to vote at the meeting, provided that any proxy form be delivered to the and chief executive officer of the Board of Trade at the latest on Thursday, October 5, 2006, before 5 p.m. You may obtain a copy of the proxy form by contacting Nathalie Besner at , ext. 4002, or by e- mail at the following address: nbesner@ccmm.qc.ca Montreal, September 21, 2006 Jean Laurin Chairman and president Foundation

5 EXTRACT FROM THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2006 BOARD OF TRADE OF METROPOLITAN MONTREAL FOUNDATION Note : The audited annual financial report will be distributed at the annual meeting and is presently available upon request at the Board of Trade of Metropolitan Montreal BALANCE SHEET SUMMARY ASSETS Cash 4,888 1,033 Accounts receivable 1,059 1,025 Current portion of balance of land sale 125, , , ,058 Investments: Pooled funds Canadian money market 52,434 81,925 Canadian corporate bonds 1 572,340 1,369,179 Canadian corporate shares 941, ,484 Foreign corporate shares 1,031,272 1,099,385 3,597,348 3,458,973 Balance of land sale 125, ,000 3,722,348 3,708,973 TOTAL ASSETS 3,853,295 3,836,031 LIABILITIES Accounts payable 4,584 8,657 TOTAL LIABILITIES 4,584 8,657 SURPLUS Unrestricted 3,848,711 3,827,374 TOTAL LIABILITIES AND SURPLUS 3,853,295 3,836,031 OPERATIONS SUMMARY REVENUE Interest and dividends 142, ,314 Gain on disposal of investments 64,511 20,551 Contribution from the Board of Trade of Metropolitain Montreal 20,000 - TOTAL REVENUE 226, ,865 EXPENSES Management fees - investments 21,464 18,814 Management fees - 8,000 8,000 Professional fees - 2,522 Administration expenses 1,104 1,212 TOTAL EXPENSES 30,568 30,548 EXCESS OF REVENUE OVER EXPENSES BEFORE CONTRIBUTION - BOARD OF TRADE OF METROPOLITAN MONTREAL 196, ,317 Contribution - 175, ,000 EXCESS OF REVENUE OVER EXPENSES FOR THE YEAR 21,337 1,317 Approved by the Board of Directors: Jean Laurin, Chairman and president Manon Vennat, Treasurer Foundation

6 BOARD OF DIRECTORS OF THE FOUNDATION PROPOSED FOR BOARD OF TRADE OF METROPOLITAN MONTREAL FOUNDATION According to article 30 of the general by-laws of the Board of Trade Foundation, the nominations committee is proposing to the members the following candidates to serve on the Foundation board of directors for fiscal year Isabelle Hudon and CEO Pierre Laferrière Canadian Council for Research in Disease Management Marie-Claude Lalande Assistant vice-president and senior counsel Sun Life Financial Jean Laurin and CEO GVA Devencore Claude Michaud Administrator Nycol Pageau-Goyette and CEO Pageau-Goyette et associés Manon Vennat Consultant Foundation