Item - 2018.EX30.35

Tracking Status

This item was considered by Executive Committee on January 24, 2018 and was adopted without amendment.

EX30.35 - Review of Capping Executive Compensation Policies at the City's Agencies and Corporations

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Executive Committee:

1. Directed the City Manager to review executive compensation policies at all agencies, boards and commissions and provide recommendations on an appropriate salary and compensation cap, which will limit compensation, for all new executives hired.

Origin

(January 24, 2018) Letter from Mayor John Tory

Summary

Following the Committee's discussion of EX30.10 Toronto Hydro Corporation Review of Executive Compensation Policy, I believe it is important that we ask the City Manager to review executive compensation policies at all of the City's agencies and corporations and make recommendations on appropriate salary and compensation caps to limit compensation for all new executives hired.

Background Information

(January 24, 2018) Letter from Mayor John Tory on Review of Capping Executive Compensation Policies at the City�s Agencies and Corporations
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-111770.pdf

Motions

Motion to Add New Business at Committee moved by Mayor John Tory (Carried)

Motion to Adopt Item moved by Mayor John Tory (Carried)