Item - 2022.CT35.11
Tracking Status
- This item was considered by Board of Directors of TO Live on September 29, 2022. The Board of Directors of TO Live has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
CT35.11 - City of Toronto Review of Executive Compensation at City Agencies and Corporations
- Decision Type:
- ACTION
- Status:
- Referred
- Wards:
- All
Board Decision
The Board of Directors of TO Live:
1. Referred the item to a special meeting of the TO Live - Human Resources and Stakeholder Relations Committee, to be called by the Committee Chair before November 7, 2022 for review, discussion and to provide feedback to the City Manager's Office and the consultants.
Origin
Summary
As indicated in the attached letter, Korn Ferry has been retained by the City to conduct an independent review of executive compensation at City Agencies and Corporations.
As per the request, I am including this on the agenda to allow for a status update on the review and to allow for the Board's input.
Background Information
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-229536.pdf
Attachment 1 - Letter from Wiclif Ma, Client Partner, Korn Ferry (CA) Ltd.
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-229537.pdf
Attachment 2 - City of Toronto Agency and Corporation Executive Compensation Board Discussion Guide
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-229538.pdf
Motions
That the item be referred to a special meeting of the TO Live - Human Resources and Stakeholder Relations Committee, to be called by the Committee Chair before November 7, 2022 for review, discussion and to provide feedback to the City Manager's Office and the consultants.