executive pay – Benefits Canada.com

Shareholders approve Elon Musk’s Tesla pay package, despite objection by institutional investors

bmcgovern — Thu, 20 Jun 2024 19:00:45 +0000

A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer Elon Musk, despite public calls against the compensation by a pension fund and a sovereign wealth fund, according to a report by the Associated Press. The shareholder vote, held at […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 22 Mar 2024 13:00:16 +0000

An article on how transparency and communication are key for employers planning to pay out executive bonuses was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Employers paying out executive bonuses can avoid criticism by embracing transparency 2. Survey finds Canadian employers looking […]

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Report finds more U.S. companies linking executive pay to ESG performance

Sadie Janes — Fri, 04 Nov 2022 19:00:52 +0000

Large U.S. companies are increasingly linking executive compensation to some form of environmental, social and governance performance, growing from 66 per cent in 2020 to 73 per cent in 2021, according to a new report by the Conference Board, Semler Brossy Consulting Group and ESG data analytics firm ESGAUGE. Between 2020 and 2021, the amount […]

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Bonuses drive total compensation rise for Canadian senior executives in 2020: report

lbailey — Wed, 01 Sep 2021 19:00:14 +0000

Senior executives of some of Canada’s largest companies saw their total pay increase by an average of 17 per cent, or $171,000, in 2020 compared to 2019, according to a new report by the Canadian Centre for Policy Alternatives. The CCPA tracked the compensation of 1,096 senior executives, including those in the C-suite, using filings […]

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Nike releases new DEI goals, ties executive pay to broader ESG efforts

lbailey — Mon, 15 Mar 2021 05:00:43 +0000

Nike Inc. has released a series of diversity, equity and inclusion targets it aims to achieve over the next five years and announced it’ll tie executive compensation to meeting them and its broader environmental, social and governance efforts. “Our Purpose 2025 Targets are not just aspirations. They are a call to action — with clear […]

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Enbridge signing BlackNorth Initiative pledge, increasing diversity efforts

mschmit — Wed, 06 Jan 2021 05:00:55 +0000

Enbridge Inc. is undertaking a series of steps to further diversify its workforce and address anti-Black systemic racism, starting with signing onto the BlackNorth Initiative pledge. Founded by the Canadian Council of Business Leaders Against Anti-Black Systemic Racism, the pledge asks senior business leaders across the country to commit to undertaking specific actions and targets […]

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Starbucks tying executive pay to diversity targets

mschmit — Thu, 22 Oct 2020 05:30:32 +0000

Starbucks Corp. is aiming to tie its executive compensation to diversity targets beginning in 2021. The move is one of a series of initiatives the coffee chain has pledged to implement in its diversity, equity and inclusion goals and training, which come at a time of social justice unrest in the U.S. Starbucks has committed to […]

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Canadian employers planning to hold the line on pay raises in 2020: survey

mschmit — Thu, 10 Oct 2019 11:30:11 +0000

Canadian employers plan to hold the line on budgeted pay raises in 2020, according to a new survey by Willis Towers Watson. It found employers are expecting no changes to their salary budgets in 2020, with salary increases projected to hold steady for technical and business support employees (2.7 per cent), as well as for workers in production […]

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ESG playing more into executive compensation: report

mschmit — Wed, 19 Jun 2019 11:45:10 +0000

Environmental, social and governance issues are becoming a bigger part of executive compensation, according to a new report by Mercer. In a survey of 135 North American organizations, 30 per cent said they’re currently using ESG metrics in their incentive plans, while 21 per cent are considering doing so. It also found organizations are more […]

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Canadian female execs earn 68% of male colleagues’ salaries: report

mschmit — Thu, 03 Jan 2019 06:39:06 +0000

Despite efforts to diversify corporate boards and include more women, female executives are still a rarity and earn much less than their male counterparts, according to a new report from the Canadian Centre for Policy Alternatives. It found only four per cent of chief executive officers in Canada are women and they make up just 10 […]

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