TD Bank 2014 Annual Report Download - page 8

TD BANK GROUP ANNUAL REPORT 2014 CHAIRMAN OF THE BOARD’S MESSAGE6
I would like to extend my thanks to TD’s 85,000 employees for
their efforts in helping to deliver the Bank’s financial results, and for
their commitment to providing legendary service to our customers.
TD’s employees demonstrate that if you stand by our customers and
communities, you can deliver in the best interest of shareholders. The
Board is continually impressed with the efforts of TD’s employees to
make a positive impact in our communities, including initiatives such as
the TD United Way Employee Giving campaign, and various volunteer
activities. Their ongoing contributions to strengthen our communities
are truly admirable and help TD continue to build The Better Bank.
On behalf of the Board, I would also like to thank our shareholders
for your continued support. We look forward to continuing to work
on your behalf in 2015.
Brian M. Levitt
Chairman of the Board
Chairman of the Board’s Message
TD Bank Group achieved strong financial results during a period of continued slow economic growth
in 2014. In spite of this challenging environment, TD again delivered record earnings and excellent value
to shareholders thanks to its better business model, strong leadership and dedicated employees. TD was
also named the most valuable brand in Canada, and one of the most admired companies in the world.
CEO SUCCESSION
Earlier in the year, we welcomed Bharat Masrani to the Board and to
the role of Group President and CEO on November 1, 2014. Bharat
brings a proven track record of performance and a tremendous
breadth of experience steeped in the culture and values shared by
the Board and Senior Executive Team. The Board has full confidence
in Bharat’s leadership and the ability of he and his management team
to drive TD’s success forward. We would also like to thank Ed Clark
for his leadership and contributions over the past 12 years as CEO and
a director, and wish him all the best.
CORPORATE GOVERNANCE
TD is committed to being a leader in corporate governance practices.
An important element of sound corporate governance is Board
renewal. In that regard, we were pleased to welcome two new direc-
tors to TD’s Board: Alan MacGibbon, formerly the Managing Partner
and Chief Executive of Deloitte & Touche LLP (Canada), and Global
Managing Director, Quality, Strategy and Communications for Deloitte
Touche Tohmatsu Limited, and Mary Jo Haddad, formerly the President
and Chief Executive Officer at The Hospital for Sick Children. Alan and
Mary Jo bring extensive executive experience, and we look forward to
their valuable contributions to TD’s Board.
LOOKING AHEAD
We expect the business environment will remain challenging in 2015.
TD has consistently shown it can adapt to the challenges of its environ-
ment, and we remain confident in the Bank’s management team and
its employees to continue to deliver for all of the Bank’s stakeholders.
William E. Bennett
Corporate Director and
former President and
Chief Executive Officer,
Draper & Kramer, Inc.,
Chicago, Illinois
John L. Bragg
Chairman,
President and Co-Chief
Executive Officer,
Oxford Frozen
Foods Limited,
Oxford, Nova Scotia
Amy W. Brinkley
Consultant,
AWB Consulting, LLC,
Charlotte,
North Carolina
Colleen A. Goggins
Corporate Director
and former
Worldwide Chairman,
Consumer Group,
Johnson & Johnson,
Princeton, New Jersey
Mary Jo Haddad
Corporate Director and
former President and
Chief Executive Officer,
The Hospital for
Sick Children
Toronto, Ontario
David E. Kepler
Executive Vice President,
The Dow Chemical
Company,
Midland, Michigan
Henry H. Ketcham
Executive Chairman,
West Fraser Timber
Co. Ltd.,
Vancouver, British
Columbia
Brian M. Levitt
Chairman of the Board,
The Toronto-Dominion
Bank and Vice Chair,
Osler, Hoskin &
Harcourt LLP,
Montreal, Quebec
Alan N. MacGibbon
Vice Chair,
Osler, Hoskin &
Harcourt LLP
Toronto, Ontario
Harold H. MacKay
Counsel, MacPherson
Leslie & Tyerman LLP,
Regina, Saskatchewan
Karen E. Maidment
Corporate Director
and former Chief
Financial and
Administrative Officer,
BMO Financial Group,
Cambridge, Ontario
Bharat Masrani
Group President and
Chief Executive Officer,
The Toronto-Dominion
Bank,
Toronto, Ontario
Irene R. Miller
Chief Executive Officer,
Akim, Inc.,
New York, New York
Nadir H. Mohamed
Former President and
Chief Executive Officer,
Rogers
Communications Inc.,
Toronto, Ontario
Wilbur J. Prezzano
Corporate Director and
Retired Vice Chairman,
Eastman Kodak
Company,
Charleston,
South Carolina
Helen K. Sinclair
Chief Executive Officer,
BankWorks Trading Inc.,
Toronto, Ontario
THE BOARD OF DIRECTORS
AND ITS COMMITTEES
The Board of Directors as at December 3,
2014, its committees and key committees’
responsibilities are listed below. Our Proxy
Circular for the 2015 Annual Meeting will
set out the director candidates proposed
for election at the meeting and additional
information about each candidate including
education, other public Board memberships
held in the past five years, areas of expertise/
experience, TD Committee membership,
stock ownership and attendance at Board
and Committee meetings.