Executive Compensation
The
Government of Ontario’s Broader Public Sector Executive Compensation Act of 2014
(BPSECA), requires employers, including school boards, to develop an Executive
Compensation Program to ensure a responsible, transparent, and consistent
approach to managing executive salaries.
In
consultation with Mercer (Canada), an independent consulting firm that
specializes in executive compensation, an Executive Compensation Framework was
developed provincially for use by all 72 Ontario Public School Boards.
Using
the approved framework, and in collaboration with the Ministry of Education,
the Board developed a program that was posted on our
website for 30 days of consultation and comment.
The
framework is compliant with provincial legislation and balances the need to
responsibly manage compensation costs with the need to attract and retain
executive talent to ensure continued progress in student achievement and
success.
Following
the consultation and review of the input, a summary of the public feedback and
any possible revisions to the Board’s framework will be submitted to the
Ministry of Education for final approval.
Please click here to see the final Executive Compensation Framework that was approved by the
Ministry of Education 06 February 2018.
We accepted public input on the original draft Executive Compensation Framework until January 19, 2018 at 4:00 pm. All feedback was appreciated and has been kept on record. Please note, this survey is now closed.
Questions and Answers
Q. What are the requirements of the Broader Public Sector
Executive Compensation Act (BPSECA) and the Ontario Regulation 304/16 –
Executive Compensation Framework?
The
government introduced the Broader Public Sector Executive Compensation Act
(BPSECA) in 2014 and Ontario Regulation 304/16 – Executive Compensation
Framework which requires Ontario broader public sector designated employers
to develop an Executive Compensation Program, including an Executive
Compensation Framework, to ensure a responsible, transparent, and consistent
approach to setting executive compensation in the broader public
sector.
Q. What is an Executive Compensation Program?
An
Executive Compensation Program sets out the rationale and compensation
parameters for executive level positions in our Board. This approach balances
the need to manage compensation costs with our need to attract and retain the
executive talent we seek. In addition, our Executive Compensation Program
meets the intent and goals of the Ministry of Education and Treasury Board
Secretariat (TBS) to ensure responsible executive compensation management in
the Broader Public Sector.
Q. How was the Executive Compensation Program
developed?
In
consultation with Mercer (Canada), an independent consulting firm that
specializes in executive compensation, an Executive Compensation Steering
Committee comprising the four publicly-funded trustee Associations, Supervisory
Officers (also known as "superintendents') and Directors of Education Associations developed the Executive
Compensation Framework for use by all 72 publicly-funded Ontario Public School
Boards.
Q. What positions will the Executive Compensation Program
be applied to?
At
our school board, the Executive Compensation Program applies to: the Director
of Education and Supervisory Officers (known locally as Superintendents).
Q. Why is the Executive Compensation Program needed?
Recently,
there has been difficulty attracting and retaining executive talent at school
boards, due to the compensation compression resulting from executive
compensation freezes and increasing Principal and Teacher salaries through
negotiations.
Q. Why are you consulting?
Ontario Regulation 304/16 – Executive Compensation
Framework requires designated public sector
employers to post their Executive Compensation Program on their public website
for a period of 30 days for consultation.
Q. How will input from the public consultation be
used?
All
input from the public consultation will be considered in the review of the
Executive Compensation Program. Based on the input received, we will be
better positioned to further refine and implement our Executive Compensation
Program. We will also be better positioned to meet the requirements of
this new legislation.
Q. Where can I find more information about
executive compensation in the Ontario broader public sector and the
legislation?
Additional
information about the Regulation can be found using this link: https://www.ontario.ca/laws/regulation/r16304
Additional
guidelines for the Framework can be found using this link: https://www.ontario.ca/page/executive-compensation-framework-guide
Posted December 20, 2017
If you have feedback to offer on the Program, please complete the online form. We will be accepting public input until January 19, 2018 at 4:00 pm. All feedback is appreciated and will be kept on record. Please note, this survey is now closed.