New Accompass Executive Pay Trends Report Finds One in 40 Canadian CEOs Are Female
An overview of the executive compensation landscape across the publicly-traded companies that make up the TSX Composite Index.
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.