Canada’s largest employers are increasing their use of environmental, social and governance factors in determining executive compensation, according to a new report by Fasken Martineau DuMoulin LLP. The report analyzed public disclosures from more than 80 TSX-listed companies, including those listed on the S&P TSX60 as well as 40 organizations that have been identified by […]
The majority (80 per cent) of Canadian public companies are using at least one environmental, social and governance factor in their executive compensation plans, with social factors (78 per cent) the most prevalent measure, according to a new report by WTW. The report, which analyzed disclosures from 900 public companies across the globe, found two-fifths […]
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 […]
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 […]
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 […]
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 […]
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 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 […]