New government restraints for executive compensation
Channel: GovernmentofBC
Date: 2012-07-26

For the fifth consecutive year, government has released 
detailed information on total compensation for senior public sector 
executives in B.C. 

The Province has also established new policy on executive compensation in 
Crown corporations, aiming to attract and retain skilled leadership, but 
at an affordable cost to taxpayers and ratepayers. 

Total public sector executive compensation disclosed in 2011-12 was 5.4 
per cent lower than in 2010-11. Average compensation per executive was 
flat. The total amount paid in bonuses dropped 13 per cent, and both the 
number of executives receiving bonuses and the average amount earned fell. 
About 35 per cent of senior Crown corporation executives are eligible for 
bonuses, primarily in the larger commercial corporations, down from 37 per 
cent in 2009-10. B.C. provides the most comprehensive executive 
compensation disclosure in Canada.

For more information, please visit: 
http://www.newsroom.gov.bc.ca/2012/07/2012-executive-compensation.html