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Two-fifths (40 per cent) of U.S. employees and one in five U.K. workers say their employer has introduced new childcare programs or subsidies over the past year, according to a survey by software company Beqom. The survey, which polled 2,000 employees in the U.K. and the U.S., found 45 per cent of U.S parents and 42 […]

  • By: Staff
  • June 27, 2022 June 27, 2022
  • 15:00

Median pay for women occupying the corner office rose to nearly $16 million, according to an annual survey by Equilar Inc. for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. Jane Stevenson, vice-chair of […]

More than two-thirds (71 per cent) of small- and mid-sized U.S. employers said offering more employee benefits helps improve retention, while 70 per cent said benefits help with recruitment efforts, according to a new survey by Principal Financial Services Inc. The survey, which polled more than 1,000 employers, found two-thirds (67 per cent) said employee […]

  • By: Staff
  • March 31, 2022 March 30, 2022
  • 09:00
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More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while another 27 per cent may consider these in the future, according to a new survey by Willis Towers Watson. The survey, which polled more than 90 North American companies, found nearly half […]

  • By: Staff
  • November 10, 2021 November 10, 2021
  • 09:00

An economist says the recent decision by Air Canada executives to voluntarily give back their bonuses is an incredibly rare case of an about-face on compensation from a company. David Macdonald, a senior economist with the Canadian Centre for Policy Alternatives, says it’s unusual for public outcry to be successful in nudging C-suite employees to return their […]

The British Columbia Investment Management Corp. is raising its environmental, social and governance-related expectations for the publicly-traded companies it invests in. Under its new proxy-voting guidelines, updated every two years, the BCI made several significant changes in relation to diversity and inclusion, climate change and executive compensation. Specifically, the BCI now expects that women will […]

  • By: Staff
  • February 11, 2021 March 24, 2021
  • 10:06
Supreme Court decision aggravates termination clause problems for employers

A recent decision from the Supreme Court of Canada suggests the test for employers seeking to limit recovery for unlawful termination damages related to long-term incentive plans may be insurmountable in practice. The mid-October ruling concluded that David Matthews was entitled to a payout under his incentive plan when the company was sold 13 months […]

Stikeman Elliott appoints Mark Firman to tax, pensions and benefits groups

Stikeman Elliott LLP is appointing Mark Firman as counsel in its tax and pensions and benefits groups in Montreal. In his career, Firman has advised on all aspects of pension and executive compensation law, including pension fund investments, plan governance and administration issues, stock option and other equity-based incentive plans and corporate governance relating to […]

  • By: Staff
  • October 28, 2020 January 19, 2021
  • 15:00

Starbucks Corp. is aiming to tie its executive compensation to diversity targets beginning in 2021. The move is one of a series of initiatives the coffee chain has pledged to implement in its diversity, equity and inclusion goals and training, which come at a time of social justice unrest in the U.S. Starbucks has committed to […]

The British Columbia Investment Management Corp. is touting its 2019 environmental, social and governance successes in its annual ESG report. Some highlights from the year include that it finalized the introduction of a new corporate-wide ESG strategy including priorities and procedures for ESG reviews across all asset classes. As part of the strategy, the BCI’s […]

  • By: Staff
  • June 8, 2020 December 6, 2020
  • 12:34