Good afternoon. Welcome to the 2020 Annual Meeting of Shareholders of Ballard Power Systems, Inc. Our host for today's call is Jim Roche, Board Chair. At this time, all participants will be in a listen-only mode. Management would like to remind you that some of the statements made at this meeting may be considered forward-looking. Such statements are based on management's current expectations, beliefs, and assumptions concerning future events. Actual results, excuse me, could be materially different. Please refer to Ballard's most recent annual information form and other public filings on the S-E-D-A-R or SEDAR for a complete disclaimer and related information. I will now turn the call over to your host, Jim Roche. Please go ahead, sir.
Thank you. Ladies and gentlemen, welcome to the Annual Meeting of Shareholders of Ballard Power Systems Inc. As you heard, my name is Jim Roche. I am the Chairman of the Board and will also act as the chairman of this meeting. We're excited to be hosting our first virtual meeting, which allows us to improve access and increase shareholder participation. By hosting this meeting virtually, all of our shareholders are able to attend and vote with the same ease as listening to a quarterly earnings call, rather than incurring costs to travel to an in-person meeting. This also allows us to maintain social distancing during this COVID-19 pandemic. We'll conduct the business portion of our meeting first and answer questions at the end of the meeting.
Though we may not be able to answer every question, we'll do our best to provide a response to as many as possible in the time available. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. It's now shortly after 1:00 P.M. Pacific Time on June 3rd, and this meeting is officially called to order. Now, I'd like to introduce the members of management at today's meeting. Randy MacEwen. Randy is our President and Chief Executive Officer. He's also one of the nominees for election as a Director today. Tony Guglielmin, Vice President and Chief Financial Officer. Robert Campbell, Chief Commercial Officer. Kevin Colbow, Chief Technology Officer. Jan Laishley, Vice President of Human Resources. Jyoti Sidhu, Vice President of Operations. Kerry Hillier, General Counsel and Corporate Secretary.
Kerry will also act as secretary for today's meeting. Guy McAree, Director of Investor Relations. Monique Dunn, Senior Corporate Communications Analyst. On behalf of the Board, I wish to express thanks to those shareholders who have submitted their proxies in advance of today's meeting. As this meeting is being held virtually via live webcast, these are some rules that we have established for the orderly conduct of the meeting. One, questions in respect of a motion may be submitted by a shareholder or a duly appointed proxy holder using the designated Ask a Question field on the web portal. Please note that there will be a slight timing delay in receiving the questions. Two, when asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered or beneficial shareholder or a duly appointed proxy holder.
Three, questions will be addressed during the question period at the end of the meeting. However, I may deal with questions regarding procedural matters or directly related to the motions during the formal portion of the meeting at an appropriate time. Four, for the purposes of the meeting today, voting on all matters will be conducted by a single electronic ballot. Shareholders and duly appointed proxy holders will be asked to vote on each business item after the presentation of all such business items. Only shareholders and duly appointed proxy holders of the corporation are permitted to participate in the voting. You can vote by clicking on the Vote Here button on the web portal to register your votes. You'll only have a certain amount of time to do so. The polls for voting are now open.
We also refer you to our rules of conduct and procedures, which have been posted to our corporate website and the virtual shareholder meeting website. We will now proceed with the formal portion of today's meeting. Under the corporation's articles, no motion proposed at a meeting of shareholders need be seconded unless the chair rules otherwise, and the chair of any meeting of shareholders is entitled to propose a motion. Accordingly and conveniently, as permitted by the articles and in order to ensure our online meeting flows smoothly, I will be moving all motions set out in the notice of meeting, and I will not require motions to be seconded. I'll begin the proceedings by appointing Leanne Branston and Rita Gutierrez-Fernandez from Broadridge Financial Services to act as scrutineers.
The notice of this meeting was mailed on April 23rd, 2020, to shareholders of record as of April 6th, 2020. Ballard has received a certificate of mailing from its transfer agent, which is available for inspection by any shareholder. I direct that the secretary append the certificate of mailing to the minutes of this meeting. I have been advised by the scrutineer that a quorum is present, and I therefore declare the meeting properly constituted for the transaction of business. The agenda for today's meeting was included in the notice of meeting sent to shareholders and is currently up on the screen. I'll now table the following materials: Our consolidated financial statements and the auditor's report for the year ended December 31st, 2019. We have mailed shareholders these materials together with the notice of this meeting.
There are also copies available on our website. Mr. Tony Guglielmin, our Chief Financial Officer, and Mr. Guy Elliot from KPMG, are with us today and will be available to answer questions regarding the financial statements and the auditor's report during the Q&A session at the end of this meeting. I declare that the consolidated financial statements and the auditor's report have been received by the shareholders as submitted to this meeting. I'll now present the matters to be voted upon. A reminder that the polls are open and will remain open until the matters to be voted upon have been addressed. Any shareholder or proxy holder who hasn't yet voted or wishes to change their vote may do so now by clicking on the voting button on the web portal and following the instructions there.
Shareholders and proxy holders who have sent in proxies or voted via telephone or internet and do not want to change their vote, do not need to take any further action. Okay, we will now proceed with the election of directors for the upcoming year. Biographies of the nominees are included in the information circular that is being sent out to shareholders. I would now like to introduce the nominees for election as directors, all of whom are with us here today. In alphabetical order, the nominees are Doug Hayhurst, Doug is a corporate director. He was an executive with IBM Business Consulting Services and a managing partner with Pricewaterhouse, Canada. Doug has served on the board since 2012 and as the Chair of the Audit Committee since 2016.
Kevin Jiang, Kevin is President of Shandong Heavy Industry Group Co., Ltd., and one of two Weichai Power Co. Ltd. nominees appointed to the board in 2019. Kevin brings expansive experience in technology and product development and manufacturing in China and across the globe. Duy-Loan Le, Duy-Loan is President of DLE Management Consulting LLC. She had a long and distinguished career at Texas Instruments Inc. and brings technology transfer expertise to the board. She has served on the board since 2017. Randy MacEwen, Randy is your President and CEO. Marty Neese, Marty is a corporate director. He is the founder of NuVosil AS and has served as Chief Operating Officer of companies in the technology sector. Marty brings manufacturing and operational expertise to the board.
He has served on the board since 2015 and as Chair of the Commercial Committee since 2019. James Roche, that's me. I am the President and CEO of Stratford Managers Corporation and currently serve as Chairman of your Board of Directors. I've served on the board since 2015. Sherman Sun, Sherman is an Executive Director and Executive President of Weichai Power Company Limited and the other Weichai nominee appointed to the board in 2019. Sherman likewise brings substantial experience in technology and product development and manufacturing in China and across the globe. Ian Sutcliffe, Ian is an advisory board member and Secretary of PureFacts Financial Solutions Inc. and a partner of Sutcliffe and Associates Management Consultants. In addition, he has served on other boards in the technology sector.
Ian has served on our board at Ballard since 2013. Janet Woodruff, Janet is a corporate director. Janet has served as director and in executive positions in utility, energy, and transportation sector, and brings CFO expertise to the board. Janet was appointed Chair of the People, Corporate Governance, and Compensation Committee in 2019, and has served on the board since 2017. I nominate as directors, therefore, of the corporation, Doug Hayhurst, Kevin Jiang , Duy-Loan Le , Randy MacEwen, Marty Neese, James Roche , Sherman Sun, Ian Sutcliffe, and Janet Woodruff. The next item of business is the appointment of the auditors of the corporation for the ensuing year.
I move that KPMG LLP Chartered Accountants be appointed as the auditors of the corporation until the next annual meeting of shareholders, and for their remuneration to be fixed by the Audit Committee of our Board of Directors. The next matter is an advisory vote on executive compensation, commonly known as Say-on-Pay. Corporation's approach to executive compensation is described in the executive compensation section of the information circular. The text of the resolution is provided on the web portal and also set out in the information circular on page 36. As the vote on this resolution is advisory, the results will not be binding on the board or the People, Corporate Governance, and Compensation Committee. However, the board and committee will take these results into account as part of the ongoing review of executive compensation philosophy, policies, and programs.
I move that the resolution set out in the information circular, accepting the corporation's approach to executive compensation, be adopted. Okay, if any shareholder or proxy holder would like to make a comment regarding any of the motions, please submit your comment now through the web portal. Now that everyone has had the opportunity to vote, I declare that the polls for the 2020 Ballard Annual Shareholder Meeting are closed. Kerry Hillier, do we have preliminary voting results?
Yes, we do. We've been informed by the scrutineers that the preliminary vote report shows that the nominees for election to the board have been duly elected, the auditors have been appointed, and the corporation's approach to executive compensation has been approved by advisory vote. The complete voting results will be available in a press release and filed on SEDAR tomorrow.
That's great. Thank you. I ask the secretary to append the final scrutineers report to the minutes of today's meeting. Well, there being no further business to come before this meeting, the 2020 Annual Meeting of Shareholders of Ballard Power Systems Inc. is now adjourned. We'd like to open things up for shareholder questions that are being entered today on the web portal. Please note, we will attempt to answer as many questions as time allows, but only questions that are relevant to the meeting will be addressed. No questions.
Mr. Chairman, we do not at this point have any questions from shareholders.
All right. Well, that's a little bit disappointing, I have to admit. All right, well, in the absence of questions, that concludes our Q&A session, obviously. On behalf of the board of directors, I'd like to thank the management team, thank you for joining us today. That concludes the meeting. Thank you for joining, and have a pleasant day.