2015 ANNUAL GENERAL MEETING AGENDA. Wednesday, December 9, 2015 Lakeshore Convention Centre 806 Southdown Road, Mississauga

Transcription

1 2015 ANNUAL GENERAL MEETING AGENDA Wednesday, December 9, 2015 Lakeshore Convention Centre 806 Southdown Road, Mississauga 1. OPENING REMARKS David Wojcik, President & CEO 2. AGM CALL TO ORDER Jeffrey Percival, Chair 3. APPROVAL OF AGENDA 4. Introduction of Keynote Speaker Jeffrey Percival, Chair 5. KEYNOTE SPEAKER Toby Lennox, Interim CEO, NewCo introduced by Jeffrey Percival 6. Thank you to Keynote Speaker Peter Nogalo, Vice Chair 7. APPROVAL OF MINUTES 2014 ANNUAL GENERAL MEETING Jeffrey Percival, Chair 8. CHAIR S REMARKS Jeffrey Percival 9. TREASURER S REPORT/APPROVAL OF AUDITED FINANCIAL STATEMENTS Michael Szymanski, Treasurer 10. ELECTION & APPOINTMENT OF DIRECTORS Jeffrey Percival, Chair 11. RATIFICATION MOTION Jeffrey Percival, Chair CHAIR S REMARKS & INTRODUCTION OF 2016 EXECUTIVE & DIRECTORS Peter Nogalo, 2016 Chair 13. ADJOURNMENT Peter Nogalo, 2016 Chair

2 NOMINATING COMMITTEE REPORT Mississauga Board of Trade s (MBOT) Nominating Committee is responsible for presenting a slate of Directors to members for approval, to ensure that MBOT is governed with excellence and strategic vision. In recommending qualified candidates, the Nominating Committee uses guidelines which are approved by the Board of Directors. The maximum number of members on the Board of Directors is twenty (20). The Nominating Committee has developed a slate of candidates to serve as the 2015 Board of Directors. The followings members are proposed to be elected to the Board of Directors for a three-year term: University of Toronto Mississauga Macarena Sierra, Director of Development GlaxoSmith Kline Diane Drolet, Director, Medical Strategy and Implementation Proposed Re-Election Slate: The Committee nominates the following members for re-election to MBOT Board of Directors for a threeyear term. CRH Canada Group Inc. (Formerly Holcim (Canada) Inc. Richard Lalonde Environment Manager Enersource Dan Pastoric, Executive Vice President and Chief Customer Officer City of Mississauga, Economic Development Office Susan Amring, Director Greater Toronto Airports Authority Lorrie McKee, Director, Public Affairs and Communications ARI Canada Peter Nogalo, Marketing Manager Appointments: The Committee nominates the following members for one (1) year appointment to MBOT Board of Directors. Pallett Valo LLP Jeffrey Percival, Practice Group Head, Labour and Employment (d) Continuing Directors: The Committee also advises that the following elected members will continue to serve on MBOT's Board of Directors. RBC Royal Bank Vivi White, Vice President, Commercial Financial Services, Peel Retail and Business Services

3 Bell Melisa Djebbari, Manager, Community Affairs MNP LLP James Molyneux, Regional Managing Partner KPMG LLP Paul Woolford, Partner, Tax Mississauga Board of Trade (Ex-officio) David Wojcik, President & CEO Quality & Compliance Services Inc. Deborah A. Campbell, Owner/President Sheridan College Ralph Benmergui, Executive Director of Strategic Initiatives and Partnerships TD Commercial Banking Dero Sabatini, District VP UniFirst Canada Ltd. Michael Szymanski, Vice President and Director UPS Canada Paul Gaspar, Director of Small Business WSI Academy Husam Jandal, Chief Digital Officer Power Savings Systems Sam Sharma, President

4 2016 MBOT EXECUTIVE COMMITTEE Chair Peter Nogalo ARI Canada Vice Chair Policy Vivi White Royal Bank of Canada Vice Chair Programs & Marketing Husam Jandal WSI Academy Treasurer Mike Szymanski UniFirst Canada Ltd. Immediate Past Chair Jeffrey Percival Pallett Valo LLP Executive Diane Drolet GlaxoSmith Kline Executive Paul Gasper UPS Canada CEO/President David Wojcik Mississauga Board of Trade (Ex-officio)

5 2014 ANNUAL GENERAL MEETING MINUTES Tuesday, December 9, 2014 Lakeshore Convention Centre 806 Southdown Road, Mississauga 14. OPENING REMARKS Sheldon Leiba, President & CEO, Mississauga Board of Trade Sheldon Leiba welcomed everyone, commented on MBOT AGM being combined with December Good Morning Mississauga event, and thanked host sponsor, Lakeshore Convention Centre and AV sponsor, Scotia Entertainment. 15. AGM CALL TO ORDER Paul Woolford, Chair Paul Woolford called the Annual General Meeting to order. It was confirmed that quorum was achieved. All designated representatives of member organizations are entitled to vote throughout proceedings of AGM. 16. APPROVAL OF AGENDA MOTION - That the agenda be approved. Moved by Lorrie McKee; Seconded by Paul Gaspar 17. APPROVAL OF MINUTES 2013 ANNUAL GENERAL MEETING MOTION - That the minutes of the Mississauga Board of Trade Annual General Meeting held on December 11, 2013, be approved. Moved by Vivi White; Seconded by Peter Nogalo 18. CHAIR S REMARKS Paul Woolford Extended appreciation to Board of Directors, committee volunteers, members, sponsors and MBOT staff for their contributions and support over past year.

6 2014 was unprecedented for how busy Mississauga Board of Trade (MBOT) was, organizing and partnering in over 70 successful and well attended business events. MBOT continued the development of enhanced and new value added offerings to meet the diverse needs of our members, including: international trade; next generation entrepreneurs and professionals; women in business; and health & wellness. MBOT is an established key business resource with proven mandate for informing, developing, connecting and supporting both business and the community. MBOT played an active role in the 2104 provincial and municipal elections. Released an important and timely policy priorities document Mississauga Works: A Policy Priority Agenda for Prosperity. Hosted and met regularly with politicians and government officials and engaged members. Noteworthy was an interview in October with Canada s Prime Minister Stephen Harper at a joint event with The Brampton Board of Trade. Active engagement in the Ontario and Canadian Chambers of Commerce, other leading organizations, committees and initiatives in Mississauga and the Greater Toronto Area. Lead organization for Advantage Mississauga, partnering to address talent needs. Demonstrated commitment to growing the economy and increasing quality of life. Recognized and thanked retiring Board of Directors members: Andrew Stelmacovich, UTM; Past Chair and new City Councillor, Karen Ras; and Casey DiBattista, ABB. Extended best wishes and support to incoming Chair, Jeffrey Percival, of Pallet Valo LLP. 19. TREASURER S REPORT/APPROVAL OF AUDITED FINANCIAL STATEMENTS Jeffrey Percival, Treasurer Copies of the audited financial statements for the fiscal year September 1, 2013 to August 31, 2014, were prepared by BDO. Overall, the auditor s report indicates a clean audit opinion. Referring to the Statement of Financial Position Variances (pg.3): o Cash Has increased from prior year due to the increase in deferred revenue due to Gala and Mayor s Address revenue collected in advance of the events occurring, as well as an increase in multi-year memberships paid in advance. o Interfund receivable (payable) is a Grant Fund balance that relates to Advantage Mississauga that was left over at end of year that will be spent in the current fiscal year. Referring to the Statement of Operations Variances (pg.4): o Overall we concluded the year with an excess of revenue over expenditures of $12,184. This was modestly higher than budgeted, which is great news given that we had budgeted for our Annual Gala in June that did not due to a conflict with provincial elections. The event was postponed to October in this current fiscal year. o Motor vehicle office revenue and expenses shows no records for2014 the MVO was sold in 2013, therefore there are no amounts related to it in the current year.

7 o Education and events revenue there was a change in events this year with no Gala being held but revenue was earned through an increase in revenue for the Toronto Entrepreneurs Conference and other smaller events that were not held in the prior year made up the difference from the prior year. o Publications and online advertisement revenue this has decreased due to a shift in focus from printed publications to online advertising. o Grants Advantage Mississauga was new this year, with $74,064 spent and earned in the current year; in 2013 the balance related to the Internationally Trained and Skilled government funded program o Chamber travel there were 3 trips that occurred in 2014 vs. 2 trips in 2013 o Salaries, benefits and consulting fees the increase from 2013 relates to the salaries from the Advantage Mississauga program for $67,333 Referring to Statement of Cash Flows (pg. 6): o $102,790 of cash was generated from operations o Cash at end of year was up - $317,891 (2014) vs. $223,011 (2013) Referring to Notes to Financial Statements: o Note 1 Summary of Significant Accounting Policies no major changes, except minor wording change related to the Advantage Mississauga Grant Fund. o Note 3 this is a new note; disclosing HST amounts owed to government. o Note 4 Deferred revenue increased due to advance payments on Gala, Mayor s Address, and Memberships, and Advantage Mississauga grant fund being carried over. o Note 5 new note on exposure to Liquidity Risk related to the payment of accounts payable and accrued liabilities. Our payment obligations are primarily met from cash flow and deferred revenue. o All other notes were updated for the current year s activities. For , the Board approved a projected balanced budget. It is on track for the current fiscal year. Long-term financial sustainability is a strong focus. MBOT is in a stable financial position. Given the high cash levels, MBOT will be making a significant investment in reserves this year. MOTION - That the audited financial statements of Mississauga Board of Trade for the financial year ending August 31, 2013 and all transactions reflected in these statements be approved. Moved by Husam Jandal; Seconded by Lorrie McKee 20. ELECTION & APPOINTMENT OF DIRECTORS Paul Woolford, Chair Pursuant to the By-laws of Mississauga Board of Trade, the Nominating Committee developed a slate of nominees for election and appointment as Board of Directors for the Mississauga Board of Trade. The Nominating Committee s slate was included in an electronic report to members on November 27 and posted on MBOT s website.

8 Proposed members elected to the Board of Directors for a three-year term: Bell Melisa Djebbari, Manager, Community Affairs MNP LLP James Molyneux, Regional Managing Partner The following members are proposed to be re-elected to the Board of Directors for a threeyear term: Power Savings Systems Sam Sharma, President RBC Royal Bank Vivi White, Vice President, Commercial Financial Services, Peel Retail and Business Services The following members are proposed to be appointed to Board of Directors for one (1) year: GlaxoSmith Kline Diane Drolet, Director, Medical Strategy and Implementation University of Toronto Mississauga Macarena Sierra, Director of Development MOTION - That these names reported be elected and appointed to the Board of Directors for the Mississauga Board of Trade. Moved by Jeffrey Percival; Seconded by Paul Gaspar Continuing Directors: Committee advised that the following elected members will continue to serve on MBOT s Board of Directors: ARI Canada Peter Nogalo, Marketing Manager City of Mississauga, Economic Development Office Susan Amring, Director Enersource Dan Pastoric, Executive Vice President and Chief Customer Officer

9 Greater Toronto Airports Authority Lorrie McKee, Director, Public Affairs and Communications Holcim (Canada) Inc. Greg Zilberbrant, Environment Manager KPMG LLP Paul Woolford, Partner, Tax Mississauga Board of Trade (Ex-officio) Sheldon Leiba, President & CEO Pallett Valo LLP Jeffrey Percival, Practice Group Head, Labour and Employment Quality & Compliance Services Inc. Deborah A. Campbell, Owner/President Sheridan College Jeff Zabudsky, President TD Commercial Banking Dero Sabatini, District VP UniFirst Canada Ltd. Michael Szymanski, Vice President and Director UPS Canada Paul Gaspar, Director of Small Business WSI Academy Husam Jandal, Chief Digital Officer 21. RATIFICATION MOTION MOTION To approve that all decisions and actions taken by Mississauga Board of Trade Directors and Executive in fiscal year , on behalf of the Corporation, be ratified by its members. Moved by Paul Gaspar; Seconded by Vivi White CHAIR S REMARKS & INTRODUCTION OF 2015 EXECUTIVE & DIRECTORS The Board approved the 2015 Executive as follows: 2015 MBOT EXECUTIVE COMMITTEE

10 Chair Jeffrey Percival Pallett Valo LLP Vice Chair Policy Peter Nogalo ARI Canada Vice Chair Programs & Marketing Husam Jandal WSI Academy Treasurer Mike Szymanski UniFirst Canada Ltd. Immediate Past Chair Paul Woolford KPMG LLP Executive Diane Drolet GlaxoSmith Kline Executive Paul Gasper UPS Canada CEO/President Sheldon Leiba Mississauga Board of Trade Jeffrey Percival shared words of thanks to outgoing Chair, Paul Woolford, for his year in service to MBOT. Jeffrey Percival and Sheldon Leiba presented Paul with a gift as an expression of appreciation. Jeffrey commented that he looks forward to the year ahead and MBOT s continued leadership supporting business and our community. 23. KEYNOTE SPEAKER Mayor Bonnie Crombie introduced by Jeffrey Percival, 2015 MBOT Chair Mayor Crombie began by recognizing MBOT leadership for its good work and continued by sharing the following facts about Mississauga: 60,000 businesses strong 750,000 residents from 150 countries Boasts a highly skilled work force 2 nd busiest bus GO Station Home to the Toronto Pearson Airport with 430,000 flights per year employing 40,000 $40 billion GDP 25 million square feet in office space Continued economic success and growth is contingent on the implementation of a coordinated business development strategy. A retention and expansion study will be launched in 2015 with the goal of Mississauga developing into an innovation and technology business hub. To do so she believes that it will require the cooperative concerted effort together of business and government and will include:

11 Smart investment in effective transit. Viable commuting options such as light rail transit and rapid transit will help enable the seamless timely movement of goods, people and information. She will call on the past mayor for support and seek funding from the Premier. Enable the continued growth of domestic and international trade Cultivate and reward entrepreneurism and innovation Ensure a strong economic base Continue to invest in Information Technology Design an innovation centre that will encourage mutual sharing of ideas and foster creativity and pooling of talent Challenged the BIA s in the greater Toronto west region to join their local chambers and MBOT specifically to work together for the good of a strong economy. Attract, support and encourage all sizes of businesses Maintain strong civic leadership Ensure a high quality of life by ensuring that Mississauga is people friendly by offering low taxes, affordable housing, livable people friendly neighborhoods Support education and employment of our youth Summer 2015 launch of the Mayor s Job Challenge offering $2,000 in provincial grants to businesses that higher students. Will strike a Mayors task force on poverty 24. THANK YOU TO KEYNOTE Jeffrey Percival In lieu of a gift and as a gesture of appreciation, MBOT made a donation to the Mississauga Food Bank in the Mayor s honour. 25. ADJOURNMENT Jeffrey Percival MOTION - Annual General Meeting adjourned Moved by Lorrie McKee; Seconded by Paul Gaspar