Executive Compensation Plan

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2019-06-13 · Board of Governors of Exhibition Place · amended

As filed

The Board of Governors of Exhibition Place: 1. Approved the Executive Incentive Design based on the concept outlined in the Korn Ferry report attached as Appendix B of Confidential Attachment 1 to the report (May 30, 2019) from the Chief Executive Officer, Exhibition Place. 2. Directed the Chief Executive Officer to report to the Board no later than December 13, 2019 on the detailed design, application and implications of the implementation of the Executive Incentive Design for the 2020 Fiscal Year ending December 31, 2020.

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3. Directed the Chief Executive Officer to forward a confidential copy of the Korn Ferry Incentive Design report attached as Appendix B to Confidential Attachment 1 to the report (May 30, 2019) from the Chief Executive Officer, Exhibition Place, to the City Manager, and to discuss the report with the City Manager and include any feedback in the report requested in Recommendation 2. 4. Directed that Confidential Attachment 1, including Confidential Appendices A, B and C to the report (May 30, 2019) from the Chief Executive Officer, Exhibition Place remain confidential in their entirety and not be released publicly as they pertain to personal matters about identifiable individuals.

On the agenda

As the city filed it

This report recommends revisions to the Executive Compensation Plan for the Board which applies to four employees: Chief Executive Officer; Chief Financial Officer and Corporate Secretary; General Manager, Sales and Event Management Department; and General Manager, Operations Department (the "Executive Team Positions").

Staff recommended

It is recommended by the Chief Executive Officer that: 1. The Board approve the Executive Incentive Design based on the concept outlined in the Korn Ferry report attached as Appendix B of Confidential Attachment 1. 2. The Board direct the Chief Executive Officer to report to the Board no later than December 13, 2019 on the application and implications of the implementation of the Executive Incentive Design for the 2020 Fiscal Year ending December 31, 2020.

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3. The Board direct the Chief Executive Officer to forward a confidential copy of the Korn Ferry Incentive Design report attached as Appendix B, to Confidential Attachment 1, to the City Manager. 4. The Board direct that Confidential Attachment 1, including Confidential Appendices A, B and C to this report remain confidential in their entirety and not be released publicly as they pertain to personal matters about identifiable individuals.

On the record

The item as the City filed it

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