Item - 2020.TA6.12
Tracking Status
- This item was considered by Board of Directors of the Toronto Atmospheric Fund on May 21, 2020 and was adopted without amendment.
TA6.12 - Performance Review of Toronto Atmospheric Fund Chief Executive Officer
- Decision Type:
- ACTION
- Status:
- Adopted
Confidential Attachment - Personal matters about an identifiable person.
Board Decision
The Board of Directors of the Toronto Atmospheric Fund:
1. Approved the recommendations from the Executive Compensation and Performance Review Committee, with respect to Chief Executive Officer Compensation, contained in Confidential Attachment 1 to the report (May 7, 2020) from the Board Chair.
2. Requested the Chief Executive Officer to investigate the cost to retain a consultant or company to conduct a benchmark review study for Toronto Atmospheric Fund staff, consistent with City Council's Guiding Principles for Executive Compensation at City Agencies and Corporations, and report back to the Board for consideration through the 2021 budget process.
3. Directed that the confidential information contained in Confidential Attachment 1 to the report (May 7, 2020) from the Board Chair remain confidential in its entirety, as it deals with personal matters about an identifiable person.
Decision Advice and Other Information
The Board of Directors of the Toronto Atmospheric Fund recessed its public meeting to meet in closed session to consider the item as it deals with personal matters about an identifiable person.
Origin
Summary
This report summarizes the performance review of Toronto Atmospheric Fund’s Chief Executive Officer and recommends base and performance-based compensation.
Background Information
https://www.toronto.ca/legdocs/mmis/2020/ta/bgrd/backgroundfile-147333.pdf
Confidential Attachment 1 - Chief Executive Officer Performance Review and Compensation Recommendations