Among many other positions, Vincent Meredith was a member of the Montreal Board of Trade, a member of the Board of Directors of Canadian Pacific Railway; the Royal Exchange Assurance Co., of London, England; the Royal Trust Assurance Co., of Montreal (also serving as that company's president for a time); the Standard Life Assurance Company of Edinburgh and Dominion Textile. He served as Governor of McGill University, president of the Montreal Museum of Fine Arts, and president of the Royal Victoria Hospital. He was created a hereditary Baronet of the United Kingdom by King George V for his wartime services to Canada and the British Empire in 1916.