Item - 2024.EP8.3

Tracking Status

This item was considered by Exhibition Place on February 2, 2024 and was adopted without amendment.

EP8.3 - Executive Compensation Policy

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Board of Governors of Exhibition Place:

1. Approved the Exhibition Place Executive Compensation Policy in Appendix A to the report (January 19, 2024) from the Chief Executive Officer, Exhibition Place.

Origin

(January 19, 2024) Report from the Chief Executive Officer, Exhibition Place

Summary

This report responds to City Council's July 19, 2023, direction that requests City agencies and corporations to adopt and amend their organization's Executive Compensation Policy to align with the City Guiding Principles for the Development of Senior Executive Compensation. Further, City Council directed the Boards of City agencies and corporations to provide their Board-approved adopted or amended Executive Compensation Policy to the City Manager by the first quarter of 2024.

Background Information

(January 19, 2024) Report from the Chief Executive Officer, Exhibition Place on Executive Compensation Policy
https://www.toronto.ca/legdocs/mmis/2024/ep/bgrd/backgroundfile-242279.pdf
Appendix A - Executive Compensation Policy
https://www.toronto.ca/legdocs/mmis/2024/ep/bgrd/backgroundfile-242280.pdf
Appendix B - Guiding Principles for the Development of Senior Executive Compensation Policies at City Agencies and Corporations
https://www.toronto.ca/legdocs/mmis/2024/ep/bgrd/backgroundfile-242281.pdf

Motions

Motion to Adopt Item moved by Councillor Paul Ainslie (Carried)