Item - 2025.CT16.8

The Board of Directors of TO Live:

1. Approved the President and Chief Executive Officer's goals as outlined in Confidential Attachment 1 to the letter (June 5, 2025) from the Chair, TO Live - Human Resources and Stakeholder Relations Committee.

2. Added the completion of the capital project management agreement between TO Live and Corporate Real Estate Management and the completion of the service level agreement, which oversees the in flight process during the transition period, to the President and Chief Executive Officer's Goals for 2025-2026.

3. Directed that the confidential information contained in Confidential Attachment 1 to the letter (June 5, 2025) from the from the Chair, TO Live - Human Resources and Stakeholder Relations Committee remain confidential in its entirety, as it is pertains to personal matters about an identifiable individual, including municipal or local board employee.

The Board of Directors of TO Live considered Items CT16.3 and CT16.8 together.

The Board of Directors of TO Live recessed its public meeting to meet in closed session to consider the item as it pertains to personal matters about an identifiable individual, including municipal or local board employees.

Establishing written, measurable goals for the President and Chief Executive Officer is considered a governance best practice and a key component of both strategic direction and performance evaluation. TO Live has not previously formalized this process, and we are now implementing it, starting with goals for the remainder of FY2025-26. The intention is for this to become an annual process, aligned with the fiscal year transition, and to support both backward-looking performance assessment and forward-looking goal setting.

At its meeting on June 16, 2025, TO Live – Human Resources and Stakeholder Relations Committee considered item RY9.1 and made recommendations to the Board of Directors of TO Live.

Summary from the letter (June 5, 2025) from the Chair, TO Live - Human Resources and Stakeholder Relations Committee:

Establishing written, measurable goals for the President and Chief Executive Officer is considered a governance best practice and a key component of both strategic direction and performance evaluation. TO Live has not previously formalized this process, and we are now implementing it, starting with goals for the remainder of FY2025-26.

The intention is for this to become an annual process, aligned with the fiscal year transition, and to support both backward-looking performance assessment and forward-looking goal setting.