The federal government is putting a pin in its changes to employee stock options, which were supposed to take effect on Jan. 1. In a news release, the federal finance ministry said it’s reviewing feedback from consultations on the proposed changes and will announce its path forward and a new implementation date in its 2020 budget. The proposed changes, […]
Environmental, social and governance issues are becoming a bigger part of executive compensation, according to a new report by Mercer. In a survey of 135 North American organizations, 30 per cent said they’re currently using ESG metrics in their incentive plans, while 21 per cent are considering doing so. It also found organizations are more […]
The federal government’s 2019 budget proposed changes that could affect the viability and attractiveness of stock options as a recruitment and retention tool for certain employers even as it gives these employers a tax break for shares issued pursuant to these options. On the one hand, the budget proposed imposing an annual cap of $200,000 […]
While more shareholders have been putting their foot down on excessive chief executive officer pay, not enough progress has been made, according to a new report by U.S.-based non-profit foundation As You Sow. “Opposition to high CEO pay has risen, and more companies have seen their CEO pay packages receive less and less support from […]
Despite efforts to diversify corporate boards and include more women, female executives are still a rarity and earn much less than their male counterparts, according to a new report from the Canadian Centre for Policy Alternatives. It found only four per cent of chief executive officers in Canada are women and they make up just 10 […]
Quebec’s financial market regulator is reviewing Bombardier Inc.’s executive compensation plan, calling on the plane-and-train maker to suspend all related trades just hours after Quebec’s premier expressed lukewarm hopes about the future of the beleaguered company’s commercial aerospace operations. The Autorité des marchés financiers announced Thursday afternoon it is looking into how Bombardier implemented its […]
The idea that health, drug and retirement benefits draw in top executive talent is overly simplistic and worth delving into deeper, according to Jonathan Foster, vice-president of executive compensation at Accompass Inc. The vast majority of organizations hiring executives offer a benefits plan, so having one is no longer a distinguishing factor for an employer, said Foster at […]
Willis Towers Watson has appointed Amanda Voegeli as the Canadian national leader in its rewards practice. Voegeli joined the consulting firm’s executive compensation practice in Vancouver in 1998. Moving to the Toronto office in 2000, she took on the leadership role in the executive compensation practice there in 2010. In 2014, she moved into a client services-focused position where she […]
Canada's biggest banks hand out big raises
Florida fund claims company violated fiduciary obligations.