Item - 2022.AF5.3
Tracking Status
- This item was considered by Members of the Toronto Atmospheric Fund on July 13, 2022 and was adopted without amendment.
AF5.3 - Confirmation of the Acts of the Directors and Officers to the Date of This Meeting
- Decision Type:
- ACTION
- Status:
- Adopted
Committee Decision
The Members of the Toronto Atmospheric Fund adopted the following resolution:
"Be It Resolved that those acts and omissions of each director and officer of the Corporation which:
a. were within their respective scopes of authority;
b. did not constitute a breach of their respective duties to act honestly and in good faith with a view to the best interests of the Corporation and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances;
c. and since the date of the last resolution of this nature are referred to or appear in or may be inferred from any resolution, minutes of meetings, financial statements, registers, records, reports or notices of or concerning the Corporation which are now or have been available to the Directors;
are ratified, sanctioned and approved."
Summary
Resolution to be passed to confirm the acts of the Directors and Officers.
Motions
Be It Resolved that those acts and omissions of each director and officer of the Corporation which:
a. were within their respective scopes of authority;
b. did not constitute a breach of their respective duties to act honestly and in good faith with a view to the best interests of the Corporation and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances;
c. and since the date of the last resolution of this nature are referred to or appear in or may be inferred from any resolution, minutes of meetings, financial statements, registers, records, reports or notices of or concerning the Corporation which are now or have been available to the Directors;
are ratified, sanctioned and approved.