Report detailing executive pay trends found within the TSX Composite Index organizations developed in partnership with Equilar.
TORONTO, Feb. 6, 2018 /CNW/ - Accompass, an independent executive and broad-based compensation, benefits, and investment firm, has partnered with Equilar, the leading provider of board intelligence solutions, to publish Canadian Executive Pay Trends, an overview of the executive compensation landscape across the publicly-traded companies that make up the TSX Composite Index.
"Accompass is pleased to partner with Equilar to provide insights into the pay practices for the top positions of Canada's most influential organizations," said Vice President, Jonathan Foster.
The report analyzes themes such as gender diversity, age and tenure, as well as the compensation pay mix among these Canadian organizations.
One observation outlined in the report is that one in 40 CEOs are female, indicating a slow progression in gender diversity at the CEO level.
In addition, it appears that a $1 million floor is the new median compensation level for top level executive positions. "$1 million can be a significant price tag from a shareholder's point of view," remarked Foster. "At these levels, organizations must continuously monitor the compensation programs in place for their executive teams, ensuring dollars are being spent efficiently and effectively."
The report also indicates that, on average, greater than 75 per cent of CEO compensation is at risk, being awarded in the form of annual bonuses and equity.
"As all trends fade over time, it appears that stock options have lost their charm as the dominant equity vehicle of choice. The analysis indicates that performance-based equity awards are now leading the charge with a 60 per cent utilization rate for top executives," commented Foster.
For the full report email [email protected].
Accompass is an independent human resources company with expertise in executive & broad-based compensation, benefits & health, and investment & retirement. Its team designs and manages client programs from the biggest picture to the smallest detail. Their experienced executive compensation team offers a full range of advisory services and total rewards for executives, including short- and long-term incentive plans, executive health benefits, and pension plans. Since it was founded in 1997, the company has taken a hands-on, personal and proactive approach to its clients and their businesses. Accompass is proud to be considered an extension of many of North America's most respected corporate teams and their boards. For more information, visit accompass.com.
For further information: Media contact: Alexandra Locke, Marketing and Communications Manager, T 416 969 8588, C 647 500 9701, [email protected]