Report: Executive Committee - June 25, 2026

REPORT NUMBER 569 OF THE EXECUTIVE COMMITTEE

Thursday, June 25, 2026

To the Governing Council,
University of Toronto,

Your Executive Committee reports that it held a meeting in the Chairs’ Boardroom, Simcoe Hall on June 15, 2026 with the following members present:

PRESENT: Anna Kennedy (Chair), Melanie Woodin (President), Donald Ainslie, Vikram Chadalawada, Evan Chan, Robert Cooper, Samuel Elfassy*, Sandra Hanington, Audrey Karlinsky, Indi Gopinathan*, Andrew Petersen, Grace Westcott, Mary-Agnes Wilson

REGRETS: Rishi Shah

NON-VOTING MEMBER: Sheree Drummond (Secretary of the Governing Council)

SECRETARIAT: Lauren Turner (Secretary)

IN ATTENDANCE: Ann Curran (Chair, UTM Campus Council)*, Rajiv Mathur (Chair, Business Board), Geeta Yadav (Chair, University Affairs Board)

Scott Mabury (Vice-President, Operations and Real Estate Partnerships), Kristin Taylor (Vice-President – Legal, Risk & Safety and Chief Legal Officer), Trevor Young (Vice-President and Provost), Karen Bellinger (Associate Director, Appeals, Discipline and Faculty Grievances) (Item 13), Heather Boon (Vice-Provost, Faculty & Academic Life) (Item 13), Leora Jackson (Senior Legal Counsel) (Item 13), Somayeh Sadat (Director, Reporting and Analytics) (Item 3)

*remote attendance

Pursuant to section 38 of By-Law Number 2,
consideration of items 13 to 18 took place in camera.

CLOSED SESSION

1. Items for Endorsement and Forwarding to the Governing Council
   1. Audited Financial Statements for the Fiscal Year ended April 30, 2026
      
      The Chair of the Business Board provided an overview of the Audited Financial Statements and a summary of the discussions at the Audit Committee and the Business Board. Members did not have any questions.
      
      On motion duly moved, seconded, and carried
      
      YOUR COMMITTEE RESOLVED
      
      THAT the following recommendation be endorsed and forwarded to the Governing Council:
      
      THAT the University of Toronto audited financial statements for the fiscal year ended April 30, 2026 be approved.
       
   2. External Auditors: Appointment for 2026-27
      
      The Chair reported that members of the Audit Committee and the Business Board were supportive of the re-appointment of Ernst & Young as the external auditors and did not raise any questions or concerns at their respective meetings.  Members did not have any questions.
      
      On motion duly moved, seconded, and carried
      
      YOUR COMMITTEE RESOLVED
      
      THAT the following recommendation be endorsed and forwarded to the Governing Council:
      
      THAT Ernst & Young be re-appointed as external auditors of the University of Toronto for the fiscal year ending April 30, 2027.

CONSENT AGENDA
 

The Chair noted that item 2 was for approval and all other items were for information only.

On a motion duly moved, seconded, and carried

YOUR COMMITTEE APPROVED

THAT the consent agenda be adopted; and

THAT item 2 be approved.

2. Report 568 of the Executive Committee (June 15, 2026)
   
   The Committee approved the report of the previous meeting.
3. Business Arising from the Reports of the Previous Meeting
   
   There was no business arising from the reports of the previous meeting.
4. Report Number 291 of the Business Board (June 18, 2026)
   
   The Committee received the report for information.

5. Date of Next Executive Committee Meeting – October 27, 2026 from 5:00 – 7:00 p.m.
   
   The next meeting of the Committee will be held on October 27, 2026.

IN CAMERA SESSION

6. Risk Update
   
   The Chair made brief opening remarks, including thanking the Chair of the Audit Committee for his service as Chair, which concluded this year. Members applauded.
   
   The Audit Committee Chair then summarized the Committee’s risk oversight work from the past governance year, including deeper discussions and detailed presentations on certain risks in addition to receiving regular risk reporting. The Vice-Chair of the Governing Council, who attended Audit Committee meetings throughout the year, made remarks on the trajectory of the risk program over the course of the year and into the future, noting the ongoing active risk management at the University and the recent changes, including the placement of the risk portfolio, made by the President.
   
   Members discussed the update.

7. Code of Behaviour on Academic Matters: Recommendations for Expulsions
   
   The Committee approved the President’s recommendations for expulsions, as outlined in two sets of memoranda and supporting documentation from the Secretary of the Governing Council, dated June 18, 2026.

8. Senior Appointments
   
   The Committee endorsed and forwarded the senior appointment recommendations presented by the President to the Governing Council for approval.
   
   The Committee returned to closed session.

The meeting adjourned at 4:15 p.m.

June 29, 2026