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Minutes From The DCF AGM - June 25, 2019
MINUTES OF THE DCF 2019 AGM
Held on June 25, 2019 at 7:00 PM ET
DCF Annual General Meeting May 18th, 2000
Douglas-Coldwell Foundation Annual General Meeting
May 18th, 2000 - NDP Board Room, Ottawa
In Attendance:
Tessa Hebb
Ted Jackson
Lorne Ingle
Anne Scotton
Marion Dewar
Bill Blaikie
Jill Marzetti
Jim MacDonald
Regrets:
Bill Knight
Geraldine McGuire
David Mackenzie
Keally Cummings
Dick Martin
Fraser Green
The Meeting was called to order by the President at 10:30.
M/S/C that the agenda be approved.
Presidents Report
See attached
M/S/C that the Presidents report be approved
Treasurer's Report
M/S/C all in attendance send best wishes to Dick Martin and a speedy recovery to good health.
Tessa Hebb reported for Dick Martin.
She presented the 1999 audited statements (a copy is available to all current members).
The President than reported on the year to date cash flow statement for 2000.
Lorne Ingle suggested that the honorarium for the administrative assistant be adjusted
M/S/C that the Officers review and adjust the current honorarium for Adam Hodgins.
M/S/C that the Treasurers report be approved.
M/S/C that the auditors Vaillancourt & Lupinski, be re-appointed for 2000.
Tessa Hebb reported that that the executive was not happy with the performance of Nesbitt Burns and suggested that the Officers proceed to look for a new portfolio manager, bringing new proposals to the next Board meeting.
M/S/C that the Officers interview new investment managers with a recommendation to the Board at the next meeting.
New Project Committee
Tessa Hebb quickly reviewed the projects that were submitted to the DCF for funding (see attached). Of the five proposals were submitted to the DCF since the last meeting the New Project Committee recommends the George Brown College photo exhibit project receive funding in the amount of $1 000. As part of our funding we will request that the phot exhibit be made accessible on a web site either posted on the DCF web site or linked to the DCF web site. The four proposals not recommended for funding are; a video project on the life of Machine Gun Wallace, the book "Petrotyranny", The Working Women's Conference in Toronto and the book Health for Sale were not recommended for funding.
M/S/C that the New Projects report be adopted.
Election of DCF Board Members
Tessa Hebb reported that both Geraldine McGuire and Margaret Jenkins have resigned from the board of directors and she recommended that Board members think of possible candidates and bring their recommendations to the next Board meeting.
M/S/C that recommendation be adopted.
The meeting was adjourned at 11:30.
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DCF Board Meeting - February 27, 2020
DCF Board Meeting
Thursday, February 27th, 2020
19:00 ET
Location:
By Telephone
Attendance:
Karl Bélanger, Melissa Hunter, Mohammad Akbar, Rebecca Blaikie, Jon Weier, Derek De Vlieger, Diana Idibe, Chirs Markevich.
- Adoption of Agenda
m/s/c
2. Adoption of minutes
Minutes of the July 23rd, 2019 meeting
m/s/c
3. President’s report:
Hope everyone is well. Mayor of Ottawa has asked people to stay home because of the coronavirus, thankfully we can hold our meeting by phone.
Transition has been happening. Our new treasurer will give us an update.
The group “Nos Communes, Our Commons” appears to have gone dormant. We were wise to set conditions to go along with the grant approval.
Work has been done to update our registration with Industry Canada. No progress has been made on the Stokoe bequest. 4Executive
4. Secretary’s Report:
Anne Scotton is unable to join us and send her regrets.
5. Treasurer’s Report:
Transition has been happening. Priority now is on issuing tax receipts. We have to handle a few manually. We have a lot of different systems which are more or less
compatible with each other, but things seem under control. We are issuing cheques to catch up on some accounts due.
5. b) Fee structure at Scotia McLeod
Good discussions with Scotia McLeod about our assets. They remain healthy.
Their proposed new fee structure, SM would be much more nimble in the markets as there are no commission minimums on trades. Currently, the commission minimum is $175. That does limit profit taking opportunities and specific positions when considering weighting in the portfolio, which we must do as our assets are now stock-heavy.
Motion: BIRT the Board authorizes ScotiaMcLeod to move the Douglas-Coldwell Foundation wealth management account into a Partnership Plus account, which modifies the fee structure from a Per Transaction formula to an annual fee based on the DCF assets.
m/s/c
5 c). Adoption of Treasurer’s report.
m/s/c
6. Progress Summit
The Progress Summit will be held in Vancouver. We will have a booth. Looking for volunteers, so if anyone is attending, please let us know.
The next TDI Institute will be held in May. Theme is Our City & the Green New Deal. We have been invited to take part once again.
7. Office Space
Mohammad Akbar has raised the issue of the DCF securing a new permanent space by buying a building. The CFS building is no longer on the market. Board members express general interest in doing so sometime down the road.
8. DCF 50th Anniversary
Next year is the 50th anniversary of the DCF. It is a good opportunity to complete the reboot of the DCF and move forward with the plan adopted by AGM two years ago. We should have a year of activity of events, maybe a gala? Jon Weier volunteers to coordinate the DCF planning.
The Institute for Change Leaders (ICL)’s proposal to create a multimedia project that tells the story of progressive campaigns, driven by Olivia Chow, is moving forward, with Tim Harper on board. Another application will be forthcoming at the next board meeting. Board members expressed once again their support in principle for this proposal.
9. Next Meeting
Board members agreed to look for a suitable date in late April/early May.
10. Other business
The Institute for Change Leaders (ICL)’s proposal to create a multimedia project that tells the story of progressive campaigns, driven by Olivia Chow, is moving forward, with Tim Harper on board. We are still awaiting their next application.
We have received news from Beryl Young that Tommy's Dream, a children’s book that tells the story of how Tommy Douglas's childhood experience with his own health inspired him to work toward establishing universal health care, is now going to be published by Louis Anctil, the publisher of Midtown Press in Vancouver. Target is the spring of 2021. An update application will be forthcoming before the next meeting.
11. Adjournment
m/s/c
DCF Board Meeting - July 23rd, 2019
DCF Board Meeting
Wednesday, July 23rd, 2019
6:00 ET
Location:
By Telephone
Attendance:
Karl Bélanger, Melissa Hunter, Mohammad Akbar, Rebecca Blaikie, Diane Idibe,
Jon Weier, Amy Boughner, Jay Ramasubramanyam, Debbie Owusu-Akyeeah.
Non-board member: Josh Bizjak
Adoption of Agenda
m/s/c
2. Adoption of minutes
Minutes of the previous meeting are read and adopted.
m/s/c
3. President’s report:
Karl mentions that there was a significant turnover of Board Members at the AGM, which is interesting and challenging.
The two committees charged by the previous AGM to review governance issues and the DCF by-laws made limited progress.
The DCF received a nice letter from a scholarship recipient and was read. The DCF needs to revisit its links with the different universities to strengthen the relationship and increase awareness.
4. Financial Report: No official report as the position is vacant, following the resignation of Emilie Taman. Karl gives a general overview of the financial situation. Our assets remain healthy. The DCF raised more money in the past year, thanks notably to a generous donation from the Flanagan Institute.
Minimal progress has been made on the transition. A full audit needs to be conducted before the end of the year.
Karl had a meeting with Scotia McLeod about our assets. They are proposing a new fee
structure, in essence moving to a fee-based structure from a per transaction cost. With the fee-based structure, our investors pledge to make himself available for board meetings and consult on the construction of a new investment policy statement. With a fee-based structure, we would be much more nimble in the markets as there are no commission minimums on trades.
Motion moved to ask the new treasurer to review, met with Scotia McLeod and report to the Board on a recommendation for the proposal.
m/s/c
5. Election of officers
President: Karl Bélanger
Vice-President: Rebecca Blaikie, Derek DeVlieger
Executive Secretary: Anne Scotton in abstentia, pending her acceptance;
Mohammad Akbar as alternate.
Treasurer: Melissa Hunter
6. Staffing
Chris Markevich has moved on from his position but has been elected to the Board, which will be helpful for institutional memory. Josh Bizjak has been helping out on a volunteer basis.
Motion moved to regularize Josh Bizjak’s situation by compensating his work on a similar contract as previous assistant, to be negotiated with the President.
m/s/c
7. Correspondence
