City Council as Shareholder of GMHI

4:30Well good afternoon everyone it is three o'clock the clerks have confirmed that we do have quorum

4:36I do have official regrets from Councillor Clawson and so with that I'd like to call the meeting

4:43to order now we are a little bit different off the top because we're we're not technically

4:49sitting as council we are sitting as the shareholder for Guelph Municipal Holdings Inc.

4:57And so with that there is the first agenda item which is confirmation of first of all any

5:08disclosure of pecuniary interest any general nature thereof not hearing or seeing anybody so

5:15I'll consider that matter closed but the first the first issue is confirmation of minutes now

5:20that's the open minutes of city council as the shareholder of GMHI from June 25th 2024

5:28to be confirmed as recorded and without being read who would like to help me with that thank you

5:34alt and busatil great and anything on the minutes no I'll call the vote is anyone against those

5:44minutes nobody that's unanimous thank you and and now we have I guess I would call it somewhat of

5:53a administrative recommendations in front of us here with the appointments especially around Tara

6:02Baker our new CAO is by default having to be added and such so there are recommendations maybe I'll

6:08ask the clerks just to put that up on the screen and look to any member just to help me move those

6:16if you don't mind all right I'll go Galler and O'Rourke thank you and first of all now that

6:25that's been tabled is there any questions other than that I mean the recommendations are pretty

6:29straightforward okay Katen has a question go ahead thank you three mr. mayor I was just wondering

6:38historically because I wasn't around when we first made the decision for the only the CAO to be the

6:44only director was there a reason why we had that in the past through you mr. mayor to councillor

7:00Kaden when I think it was in 2019 there was a design for both GMHI and GGR I know that we're

7:08only speaking of GMHI at this point where the CEO of the municipal corporation was de facto

7:16the CAO of the city but I believe that the intentions of the two documents again we're speaking

7:22of GMHI only here but the intentions of this document is to change the the actual board

7:28composition to increase it to three individuals and then that board can convene and make any

7:36resolution changes to the board as it requires then report back to councillor the shareholder

7:46great thank you I was just wondering if there was a benefit to only having one versus three

7:51historically but thank you very much thank you I would maybe just add oh okay sorry

8:02before I add anything I will go to staff go ahead thank you through your mayor Guthrie to

8:06councillor Caton there is a distinction between a board that is governed by one director versus

8:12three so obviously a board governed by one director has one person who is responsible for

8:17has authority to make decisions that are made at the director level whereas a board of three

8:23allows for diversified opinions on decision making it is better for risk management in my

8:28opinion and is consistent with the kind of the desire in the governing documents to have a board

8:34that is experience and qualifications based so I do think it's it's a better governance model to

8:41have three versus one I can't speak to the intention of having one in the beginning but usually that's

8:47intentionally to kind of centralize control in one person who has authority to make those decisions

8:53great thank you so much ditto I was going to say something similar in talking before the meeting

9:01so there you go thank you and so with that then I will call the vote on on these is there anyone

9:10against these recommendations with the appointments hearing and seeing nine that's great those are

9:19passed unanimously then thank you and that's pretty much it for the G M H I appointment of directors

9:29so I'm looking for an adjournment please alt thank you how about Koran would you people on the second

9:37all right I'm just trying to spread the love a little thank you and so I'll call the vote on

9:42that is anyone against adjournment of the the quick G M H I meeting nobody okay so that's that's done