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 May 3 , 2004 - Board Minutes Minutes of the REGULAR MONTHLY MEETING of the BOARD OF DIRECTORS May 3 , 2004
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HISTORY
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PRESENT: K. Croft, G. Griffin, J. Kerr, S. Sinnott, B. Henshall and L. Marshal. ALSO PRESENT: Jim Forsyth, General Manager C. Evans, BC Land Insurance. C. Evans of BC Land Insurance reviewed CRTV's insurance coverage in detail covering Property Coverage, Money Coverage, Loss of Earnings, Liability and Exclusions. It was also noted that CRTV's Directors D&O insurance is with a different company and that the individual Directors had their own D&O insurance. Discussion ensued in regard to both the ever increasing cost of insurance and weather CRTV was fully insured. As the result of the insurance review the Board requested that the Manager obtain an updated estimate of the replacement cost of CRTV's buildings. At 7:45 the Board relocated to S. Sinnott & Co. Board Room at 480 10th Ave, Campbell River, BC. At that time Mr. R. Kerr joined the meeting and C. Evans left the meeting. 1. Call to Order at 7:56 pm 2. Minutes of the Meeting of the 5 April 2004: Moved by L. Marshal, seconded by G. Griffin: THAT the minutes of the meeting of the 5 April 2004 be approved. CARRIED. 3. ENDS: Ends policies (EP1to 5) were quickly reviewed with no changes or additions made. It was decided that once RFP 1-04 survey was completed then the ENDs policies could be updated. 4. Board Governance Policies: Board Governance policies (GP1 to 8). 5. Linkage Limitations: Discussion ensued in regard to Draft Policy EL7 attached which was tabled to the next Directors meeting. 6. Monitoring Confirmation: Board - GM Linkage policies (BL1 to 5) 7. Ownership Linkage: Discussion ensued and it was determined that time be set aside at each meeting to review existing policies with the objective of reviewing all CRTV Governance Policies over a twelve month period. 8. Incidental Information: Moved by S. Sinnott, seconded by R. Kerr : THAT the Consent Agenda be approved. CARRIED B. Henshall reported that the Bylaw Review Committee had not yet met but were planning to do so over the next month. The committee is made up of five CRTV members inclusive of L. Staub, S. Gordon, L. Marshal, J. Hayes and chaired by B. Henshall. 9. Board Meeting Evaluation: The Directors evaluated the meeting: 10. ADJOURNMENT: Moved by B. Henshall, seconded by R. Kerr: THAT the meeting be adjourned at Scheduled Board Meetings: Monday June 7 , 2004.
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