Tuesday, July 28, 2020

Marine Transportation challenges the likely theme as BC Ferries Service and BC Ferry Authority prepare for August AGM

This years annual review of BC Ferries will be a virtual experience, with the members of the Board of Directors of the BC Ferry Authority and BC Ferries inviting the public to their annual gathering set fo August 20th at 10 AM.

With capacity limited to only 49 people for the Grand Pacific Hotel location for the meeting, the annual review of the performance and financials for the Marine transportation service will also be available through a live stream online, though registration for the  Webex teleconference is required.

Both those in attendance in Vancouver and viewing online will have the opportunity to submit comments and ask questions during the presentation.

In their notice of meeting BC Ferries and the Ferry Authority observes the following:

To attend the meeting virtually, please send an email with your registration request to agm@bcferries.com. *We will use your email address from this request to send you the Webex meeting notice.

As part of the August meeting, the Chairs of both Boards will address the meetings. The President & CEO, British Columbia Ferry Services Inc. will review the past year and present an outlook for the future.

As well, the Chief Financial Officer, British Columbia Ferry Services Inc. will review financial performance.

That CFO's presentation could be well worth taking in, that as recent media reports on the current state of the Ferry Service's financials make note of the challenges that BC Ferries are facing these days.

That as BC Ferries continues to not be included in any federal financial assistance related to COVID

BC Ferries wrestles with dire financial losses after exclusion from federal aid
Ferry companies, local politicians continue to press for federal aid
National ferry association renews call for federal aid
Premier says calls for federal help for BC Ferries aren't getting a 'sympathetic ear'

Towards some research for the Annual Public Meeting you can review the following documentation.

BC Ferry Authority Annual Report

BC Ferries Annual Report

Yesterday we also made note of Customer Satisfaction Report that was recently released by BC Ferries, that document could also make for some of the narrative for the August gathering.

Further notes on the August AGM can be explored here.

For more notes related to BC Ferries see our archive page here.

No comments:

Post a Comment