Direction to Report on Toronto Seniors Housing Corporation's Appointment of its First Chief Executive Officer - by Councillor Paul Ainslie, seconded by Councillor Paula Fletcher

Toronto Seniors Housing Corporation currently has a Transitional Lead and Chief Corporate Officer and the corporation has initiated a search for its first Chief Executive Officer. Under the shareholder direction the core mandate of Toronto Seniors Housing Corporation includes supporting aging in place through the delivery of the Council-approved Integrated Service Model. The reporting to City Council on the selection of Toronto Seniors Housing Corporation's first Chief Executive Officer will facilitate the alignment of City and Toronto Seniors Housing Corporation decisions during this phase and going forward. Toronto Seniors Housing Corporation is a corporation created under the Business Corporations Act (Ontario), and City of Toronto is its sole shareholder. Section 5(g) of the Council-approved shareholder direction to the Corporation authorizes the Board of Directors to appoint its Chief Executive Officer and section 11.2 requires the board to adopt a Senior Executive compensation policy that is consistent with the City's Guiding Principles in the Development of Senior Executive Compensation Policies for City agencies and corporations. In addition to the shareholder direction, City Council acting as shareholder has the authority to direct the corporation to take certain actions.