Item - 2023.EP3.8

The Board of Governors of Exhibition Place:

1.  Approved the non-executive / non-union Proposed 2023 Compensation Plan and Salary Range effective July 1, 2023, as set out in Confidential Attachment 2 and based on the concept outlined in Confidential Attachments 1 and 3 to the report (March 21, 2023) from the Chief Executive Officer, Exhibition Place.

2. Authorized the public release of Confidential Attachment 2 to the report (March 21, 2023) from the Chief Executive Officer, Exhibition Place, Korn Ferry Market Mid-Point and Salary Ranges after approval by the Board.

3. Directed that Confidential Attachment 1 and Confidential Attachment 3 to the report (March 21, 2023) from the Chief Executive Officer, Exhibition Place remain confidential as they deal with personal matters about identifiable individuals, including municipal or Board employees.

Confidential Attachment 2 to the report (March 21, 2023) from the Chief Executive Officer, Exhibition Place is now public and can be accessed under Background Information.

The Board of Governors of Exhibition Place recessed its public meeting to meet in closed session to consider the item as it pertains to personal matters about identifiable individuals, including municipal or Board employees.

At its meeting of September 14, 2022, the Board received the Korn Ferry Executive Compensation study as presented in-camera and the Board directed the Chief Executive Officer, Exhibition Place to engage with Korn Ferry to complete the compensation study for the other four executive and non-executive Exhibition Place staff in consultation with the City Manager's Office and report back to the Board.

The Korn Ferry Compensation Study for the executive staff (non-CEO) is the subject of a separate Board report.

Staff from Korn Ferry will be attending the Board meeting of April 4, 2023 to respond to questions on their compensation review.

The last compensation study for Exhibition Place was done in 2016. This report recommends revisions and updates to the 2016 Board-approved Compensation Plan for non-union / non-executive positions effective July 1, 2023. The recommendation follows the guiding principle approved by City Council achieving the 50th percentile factor.

The Korn Ferry review was done for 148 staff and bundled into fourteen (14) categories and included both salary and hourly staff positions.