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That the following actions be taken with respect
to the 2015 Annual Meeting of the Shareholder for London Hydro Inc.:
a)
the
attached presentation and “Report on Progress” provided by Vinay Sharma,
Chief Executive Officer, and Mohan Mathur, Chair of the Board of Directors,
London Hydro Inc. BE RECEIVED;
b)
the
following actions be taken with respect to the two Board Member (First Class)
vacancies:
i)
the
Shareholder Annual Resolutions BE AMENDED to include Gabe Valente as a Board
Member (First Class), to hold office until the close of the annual meeting of
the shareholder to be held in 2019 for the financial year ending December 31,
2018;
ii)
the
following steps be taken to fill the one remaining Board Member (First Class)
vacancy:
A)
the
candidate names to form a short-listed ballot BE APPROVED as follows: Larry
Ducharme, Paul A.W. Hayman, Guy Holburn, Harry Joosten, Ahmed Farouk Menesy,
Margaret A. Parks, Mark F. Rosehart, Jack Smit, Eric Southern, Diane Szoller
and J. Gary Zavitz;
B)
the
Committee Secretary BE DIRECTED to produce a ballot that includes the names
noted in A), above, as well as ranked ballot procedures, for the June 9, 2016
meeting of the SPPC;
C)
provision
for a maximum of 6 candidates to be ranked 1 to 6, in order of preference,
with all other candidates to be ranked 7, BE INCLUDED in the procedures noted
in B), above; and
D)
the
top three candidates from the ranked ballot process BE INVITED to participate
in an interview at a future meeting of the Corporate Services Committee;
c)
on
the recommendation of the City Manager, the attached revised by-law
(Attachment “A”) BE INTRODUCED at the Municipal Council meeting to be
held on May 17, 2016 to:
i) ratify
and confirm the Annual Resolutions of the Shareholder of London Hydro Inc. attached
as Schedule “1” to the by-law; and
ii) authorize
the Mayor and the City Clerk to execute the Annual Resolutions of the
Shareholder of London Hydro Inc. attached as Schedule “1” to the by-law; and
d)
on
the recommendation of the Managing Director, Corporate Services and City
Treasurer, Chief Financial Officer, with the concurrence of the City Manager,
the proposed by-law appended to the staff report dated May 16, 2016 as
Appendix “A” BE INTRODUCED at the Municipal Council Meeting to be held on May
17, 2016 to:
i)
ratify
and confirm the Resolution of the Shareholder of London Hydro Inc. approving
the Shareholder Declaration for London Hydro Inc., attached to the by-law as
Schedule “1”;
ii)
authorize
the Mayor and the City Clerk to execute the Resolution of the Shareholder;
and
iii)
authorize
the Mayor and the City Clerk to execute the Shareholder Declaration attached
to the Resolution of the Shareholder as Schedule “A”.
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