Item - 2020.CA12.1

Tracking Status

  • City Council adopted this item on January 29, 2020 without amendments and without debate.
  • This item was considered by Civic Appointments Committee on January 22, 2020 and was adopted with amendments. It will be considered by City Council on January 29, 2020.

CA12.1 - Toronto Investment Board - Appointment of Public Members

Decision Type:
ACTION
Status:
Adopted on Consent
Wards:
All

City Council Decision

City Council on January 29, 2020, adopted the following:

 

1. City Council appoint the following candidates to the Toronto Investment Board, at pleasure of Council, for a term of office ending on January 31, 2024, and until successors are appointed:

 

Tanya Lai

Mary Robinson

Pamela Steer 

 

2. City Council direct that Confidential Attachments 1 to 5 to the report (January 10, 2020) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

 

Confidential Attachments 1 to 5 to the report (January 10, 2020) from the City Clerk remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

City Council Decision Advice and Other Information

Appointees' biographies:

 

Tanya Lai

 

Tanya Lai is Managing Director, Public Equities at the Investment Management Corporation of Ontario (IMCO). Tanya’s main areas of responsibility are strategy research and implementation, portfolio construction, manager selection and management across public equities strategies. Tanya has a MBA from University of Toronto Rotman School of Management, B.Comm (Honours) from University of Toronto, and is a CFA charter-holder (member of the Toronto CFA Society). Tanya also serves on the Investment Advisory Committee of the Public Guardian and Trustee (Ontario).

 

Mary Robinson

 

As Director of Research, Policy and Collaboration with the Responsible Investment Association, Mary Robinson is advancing the adoption of responsible investment in Canada. Mary is a CFA charterholder with over 25 years of experience advising institutional investors on complex governance and investment management issues with expertise in a broad range of asset classes. Mary holds an Honours Bachelor of Mathematics (University of Waterloo) and is an Associate of the Canadian Institute of Actuaries.

 

Pamela Steer

 

Pamela Steer, FCPA, FCA, CBV, CFA is the Chief Financial Officer of Payments Canada. Pamela has more than 15 years of management experience with global organizations, which have experienced high growth and transformation. Her community involvement includes Past Chair of the Board of CFA Society Toronto and global Advisory Council member to Accounting for Sustainability.  She is also a founding advisory council member for the Institute for Sustainable Finance. Pamela was honoured in 2019 as Canada’s CFO of the Year.

Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Toronto Investment Board

Background Information (Committee)

(January 10, 2020) Report from the City Clerk on Toronto Investment Board - Appointment of Public Members
https://www.toronto.ca/legdocs/mmis/2020/ca/bgrd/backgroundfile-141828.pdf
Confidential Attachment 1 - List of Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 2 - Interest in Re-appointment from Current Members of the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 3 - Diversity Information Summary of Current Members of the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 4 - Interview schedule for January 22, 2020 (to be circulated under separate cover)
Confidential Attachment 5 - Interview questions for January 22, 2020 (to be circulated under separate cover)

CA12.1 - Toronto Investment Board - Appointment of Public Members

Decision Type:
ACTION
Status:
Amended
Wards:
All

Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Toronto Investment Board

Committee Recommendations

The Civic Appointments Committee recommends that:

 

1. City Council appoint the following candidates to the Toronto Investment Board, at pleasure of Council, for a term of office ending on January 31, 2024, and until successors are appointed:

 

Tanya Lai

Mary Robinson

Pamela Steer 

 

2. City Council direct that Confidential Attachments 1 to 5 to the report (January 10, 2020) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.

Decision Advice and Other Information

Candidates' biographies:

 

Tanya Lai

 

Tanya Lai is Managing Director, Public Equities at the Investment Management Corporation of Ontario (IMCO). Tanya’s main areas of responsibility are strategy research and implementation, portfolio construction, manager selection and management across public equities strategies. Tanya has a MBA from University of Toronto Rotman School of Management, B.Comm (Honours) from University of Toronto, and is a CFA charter-holder (member of the Toronto CFA Society). Tanya also serves on the Investment Advisory Committee of the Public Guardian and Trustee (Ontario).

 

Mary Robinson

 

As Director of Research, Policy and Collaboration with the Responsible Investment Association, Mary Robinson is advancing the adoption of responsible investment in Canada. Mary is a CFA® charterholder with over 25 years of experience advising institutional investors on complex governance and investment management issues with expertise in a broad range of asset classes. Mary holds an Honours Bachelor of Mathematics (University of Waterloo) and is an Associate of the Canadian Institute of Actuaries.

 

Pamela Steer

 

Pamela Steer, FCPA, FCA, CBV, CFA is the Chief Financial Officer of Payments Canada. Pamela has more than 15 years of management experience with global organizations, which have experienced high growth and transformation. Her community involvement includes Past Chair of the Board of CFA Society Toronto and global Advisory Council member to Accounting for Sustainability.  She is also a founding advisory council member for the Institute for Sustainable Finance. Pamela was honoured in 2019 as Canada’s CFO of the Year.

Origin

(January 10, 2020) Report from the City Clerk

Summary

The Civic Appointments Committee will conduct interviews and recommend three public members to City Council for appointment to the Toronto Investment Board.

Background Information

(January 10, 2020) Report from the City Clerk on Toronto Investment Board - Appointment of Public Members
https://www.toronto.ca/legdocs/mmis/2020/ca/bgrd/backgroundfile-141828.pdf
Confidential Attachment 1 - List of Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 2 - Interest in Re-appointment from Current Members of the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 3 - Diversity Information Summary of Current Members of the Toronto Investment Board (previously distributed with Item CA11.3)
Confidential Attachment 4 - Interview schedule for January 22, 2020 (to be circulated under separate cover)
Confidential Attachment 5 - Interview questions for January 22, 2020 (to be circulated under separate cover)

Motions

1 - Motion to Amend Item moved by Councillor Mike Layton (Carried)

That the Civic Appointments Committee recommend that City Council appoint the following candidates to the Toronto Investment Board, at pleasure of Council, for a term of office ending on January 31, 2024, and until successors are appointed:

 

- Tanya Lai

- Mary Robinson

- Pamela Steer


Motion to Adopt Item as Amended moved by Councillor Mike Layton (Carried)
Source: Toronto City Clerk at www.toronto.ca/council