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TransAlta's CEO Hosts Annual General Meeting (Transcript)

I now declare that the minutes of the last annual meeting of shareholders, which was held on April 28, 2011, have been verified and signed, and are filed with the corporation’s minute book. Anyone wishing a copy of those minutes may pick one up from the table located in the lobby, outside this room.

The next item of business is the receipt of the annual consolidated financial statements of the corporation, and the auditor’s report for the year ended December 31 2011. The annual consolidated financial statements of the corporation and auditor’s report contained on pages 69 through 149 of our annual report were mailed to shareholders in accordance with the securities law of requirements, together with a notice of this meeting.

Copies are available again on the table in the lobby outside this meeting, and I request the secretary to file a copy of the annual report with the minutes of this meeting. Mr. Ryan McDonald, a representative of Ernst & Young, the auditors of the corporation is available to answer questions during the general question periods if you have any.

The next item of business is the election of directors. The board has set the number of directors to be elected at this meeting at 11. We are satisfied this number of directors is appropriate to provide us a significant range and depth of expertise and to meet all corporate governance requirements. I would like to briefly introduce the directors standing for election to the board, and ask each to stand when I call their name.

William D. Anderson. Bill is a resident of Toronto and has been a director since 2003. He was president of BCE Ventures, and prior to that was chief financial officer of BCE. He has extensive financial experience and has been involved in the management and execution of numerous corporate transactions. He is a chartered accountant and a member of the Institute of Chartered Accounts of Ontario, and Bill chairs the audit and risk committee of the board.

Read the rest of this transcript for free on seekingalpha.com

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