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Toronto Global

Created in 2017, Toronto Global is responsible for attracting new international business investments to the financial and business capital of Canada (representing the Cities of Toronto, Mississauga, and Brampton as well as the Regions of Durham, Halton, and York). Since its inception, the organization has facilitated over 185 investments representing $ 2.4 billion in total capital expenditure—these investments have led to 11,150 new jobs, enabling the region to remain competitive with other global cities. As the region’s leading investment-attraction agency, Toronto Global plays a central role in building a resilient economy for the future.

Board Responsibilities

The Board is responsible for:

streamlining decision-making and enhancing collaboration on strategic planning, results and accountability for Toronto Global;

Interacting, advising, and supporting the organization primarily through the Chief Executive Officer;

Liaising on various partnerships and initiatives on behalf of the organization;

Engaging and actively contributing to meetings of the board.

Term of Office

The term for office for public members is generally three years and members serve until their successors are appointed. Based on the current funding agreement between the City of Toronto and Toronto Global, the first public member appointed to Toronto Global is expected to serve until at least March 2025, and until a successor is appointed.

Composition

Toronto Global is in the process of transitioning from a current eight-member private sector Board of Directors to a combined 12-to-15 member public-private Board of Directors that will include representation from Toronto Global’s government funding partners, including the City of Toronto. As a Principal Contributor, The City of Toronto is entitled to two seats on the Board for:

the Mayor of Toronto or designate appointed by the Mayor

one public member appointed by City Council.

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Eligibility Requirements

To be eligible for appointment to the board, directors must meet the eligibility requirements set out in the City's Public Appointments Policy. In addition, under the Canada Not-for-profit Corporations Act, directors are disqualified from the board if they are:

anyone who is incapable;

a person who is not an individual; and

a person who has the status of a bankrupt.

Qualifications

In addition to the eligibility requirements set out above, the public members should collectively represent a range of skills, knowledge and experience in the following:

Executive level experience in a major public or private organization;

Expertise in any of Toronto Global’s target sectors: advanced manufacturing, life sciences, technology, financial services, food and beverage, and/or clean energy;

Experience working with or in Toronto Global’s target markets: the United States, Western Europe (UK and Germany), India and Asia (South Korea, Japan);

Experience and/or understanding of economic development and foreign direct investment(FDI);

Experience working, expanding and/or developing international market access at a C Suite level;

Strong leadership skills and knowledge of good governance;

Commitment to equity, diversity and inclusion.

Meetings

The Board will meet 5 times per year.

Additionally, there are two committees of the board, (1) HR & Governance and (2) Finance and Audit, that certain members also sit on. Each committee meets approximately 4 -5 times annually in advance of meetings of the full board.

Remuneration

The Directors shall receive no remuneration for acting as such, but are entitled to be paid their reasonable expenses properly incurred in the performance of their duties as board members, including their travel and other expenses incurred by them in connection with carrying out the activities of the Corporation.

Related links

Toronto Global website