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May 2013

Board meeting minutes.


CRNBC Board Teleconference — May 23, 2013
1000 hours

In Attendance

Barb Crook, Chair
Eleanor Elston, Vice-Chair
Chilwin Cheng
Lorraine Grant
Ana-Maria Hobrough
Sharry Hodgson
Mary Kjorven
Marilyn Loewen Mauritz
Cynthia Johansen, Registrar/Chief Executive Officer


Catherine Anderson
Anne Gavey
Colleen Hay
Gwen Herrington
Pearl Pacheco
Kath-Ann Terrett

Call to Order


The Board was called to order at 1005 hours.


Approval of Agenda


Moved and seconded to approve the agenda.



Financial and Audit Committee Report


The report was presented by Chilwin Cheng on behalf of the Finance and Audit Committee.

Moved and seconded to approve the audited financial statements for the twelve-month period ending February 28, 2013.

Moved and seconded to have Captive pay a dividend to CRNBC in the amount required to reclaim its Refundable Dividend Tax on Hand, and that this amount be accounted for as an unrestricted capital contribution in the Capital Fund.


CEO Authority For Captive


Moved and seconded that CRNBC, being the sole shareholder of the CRNBC Captive Insurance Corporation, appoint Cynthia Johansen as its duly authorized representative to:




attend and represent the College at, and vote the shares of the College, at meetings of the Company, including the 2013 Annual General Meeting of the shareholder of the Company;



consent in writing to resolutions of the shareholder of the Company passed without meeting in accordance with the provisions of the Business Corporations Act of British Columbia;

execute other documents on behalf of the College as shareholder of the Company;

for the following purposes:

  • All business carried out at the 2013 Annual General Meeting of the Company or equivalent business dealt with by consent resolution in writing; and,
  • Any changes to the Company's Board of Directors during 2013.


The meeting adjourned at 1015 hours.

Certified as Approved

Barb Crook, Chair
Cynthia Johansen, Registrar/Chief Executive Officer


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