Item - 2025.TA10.10

Tracking Status

This item was considered by Toronto Atmospheric Fund on April 29, 2025 and was adopted with amendments.

TA10.10 - Human Resources Matters - CEO Compensation and Performance Review

Decision Type:: ACTION

Status:: Amended

Wards:: All

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

1. Approved implementing the Chief Executive Officer’s annual cost-of-living adjustment effective January 1 of each year, in alignment with the timing for all other staff, and consistent with the cost-of-living adjustment rate approved in the annual budget by the Board at its final meeting of the prior year.

2. Approved the implementation of the Chief Executive Officer’s 2025 cost-of-living adjustment effective immediately, retroactive to January 1, 2025, in accordance with the cost-of-living adjustment rate approved in the 2025 budget.

Origin

(April 29, 2025) Letter from Councillor Diane Saxe, Vice Chair, Board of Directors of the Toronto Atmospheric Fund

Summary

The Chair of the Human Resources Committee will provide a verbal update regarding the CEO cost-of-living adjustment (COLA) and performance review process as discussed by the Committee on April 25, 2025. The purpose of this update is to outline the proposed approach and solicit the Board’s approval to proceed. These matters will require a closed session discussion, as they relate to personal information about identifiable individuals.

Background Information

(April 29, 2025) Letter from Councillor Diane Saxe, Vice Chair, on Human Resources Matters - CEO Compensation and Performance Review
https://www.toronto.ca/legdocs/mmis/2025/ta/bgrd/backgroundfile-255011.pdf

Motions

Motion to Add New Business at Committee moved by Councillor Dianne Saxe (Carried)

Motion to Amend Item moved by Andrew Dooner (Carried)

The Chair of the Human Resources Committee recommends that the Board of Directors of the Toronto Atmospheric Fund:

1. Approve implementing the Chief Executive Officer’s annual cost-of-living adjustment (COLA) effective January 1 of each year, in alignment with the timing for all other staff, and consistent with the COLA rate approved in the annual budget by the Board at its final meeting of the prior year.

2. Approve the implementation of the Chief Executive Officer’s 2025 cost-of-living adjustment (COLA) effective immediately, retroactive to January 1, 2025, in accordance with the COLA rate approved in the 2025 budget.