Increasing Toronto Community Housing Corporation Board Remuneration - by Councillor Paula Fletcher, seconded by Councillor Frances Nunziata

The City of Toronto is the sole shareholder of Toronto Community Housing Corporation and Toronto Seniors Housing Corporation. The Toronto Community Housing Corporation Board of Directors is responsible for the overall management of the business and affairs of Toronto Community Housing Corporation, including: establishing annual and long-range strategies and plans establishing policies consistent with the Shareholder Direction and all relevant legislation establishing and maintaining appropriate reserves consistent with sound financial principles and program regulations selecting bankers and other financial institutions and establishing all banking authorities appointing Toronto Community Housing Corporation's officers, the Boards of Directors of the subsidiaries, and approving Shareholder Directions for the subsidiaries in accordance with City direction directing all labour and employee-relations matters The Toronto Community Housing Corporation Board also continues to work closely and collaboratively with the Toronto Seniors Housing Corporation Board and leadership team on the transition of 83 designated seniors' buildings from Toronto Community Housing Corporation to the management and operation of Toronto Seniors Housing Corporation. The Remuneration Policy For City Agencies, Boards, Commissions and Corporations states that: Remuneration for citizen appointees is established by Council rather than the organization to which they are appointed, recognizing that appointees represent Council's interest. Where paid, remuneration for citizen appointees to City Agencies, Boards, and Commissions should reflect the level of responsibility, the necessary qualifications, the frequency of meetings, and amount of preparation required. Council members who serve as directors of Toronto Community Housing Corporation do not receive remuneration as directors. Remuneration is only paid to citizen members. The term citizen member, used interchangeably with the term public member, refers to Toronto residents who are not Council Members, City or agency staff, or staff of City corporations or their subsidiaries. The remuneration rates for the Toronto Community Housing Corporation Board were set in 2005 and have not been updated since then. The remuneration rates should be increased and be commensurate with the expertise and skill level required to oversee the Toronto Community Housing Corporation.