Item - 2024.TA5.14
Tracking Status
- This item was considered by Toronto Atmospheric Fund on February 12, 2024 and was adopted without amendment.
TA5.14 - Amendments to Toronto Atmospheric Fund’s Executive Compensation Policy
- Decision Type:
- ACTION
- Status:
- Adopted
Board Decision
The Board of Directors of the Toronto Atmospheric Fund:
1. Approved the updated Executive Compensation Policy in Attachment 1 to the report (January 29, 2024) from the Chief Executive Officer, Toronto Atmospheric Fund.
Decision Advice and Other Information
The People and Operations Manager and the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund gave a verbal overview on Amendments to Toronto Atmospheric Fund’s Executive Compensation Policy.
Origin
Summary
This report recommends updates to Toronto Atmospheric Fund’s Executive Compensation Policy, responding to City Council’s 2023 direction to City Agencies and Corporations to amend their organization’s compensation policy to align with the updated Guiding Principles for the Development of Senior Executive Policies at City Agencies and Corporations.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-242881.pdf
Attachment 1 - Draft Toronto Atmospheric Fund Executive Compensation Policy - Clean Copy
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-242883.pdf
Attachment 2 - Draft Toronto Atmospheric Fund Executive Compensation Policy - Redline Copy
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-242884.pdf