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Board of Directors of the Toronto Atmospheric Fund · 2020-05-21 · 2020.TA6.12

The filed record

Performance Review of Toronto Atmospheric Fund Chief Executive Officer

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The decision

2020-05-21 · Board of Directors of the Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved the recommendations from the Executive Compensation and Performance Review Committee, with respect to Chief Executive Officer Compensation, contained in Confidential Attachment 1 to the report (May 7, 2020) from the Board Chair. 2. Requested the Chief Executive Officer to investigate the cost to retain a consultant or company to conduct a benchmark review study for Toronto Atmospheric Fund staff, consistent with City Council's Guiding Principles for Executive Compensation at City Agencies and Corporations, and report back to the Board for consideration through the 2021 budget process.

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3. Directed that the confidential information contained in Confidential Attachment 1 to the report (May 7, 2020) from the Board Chair remain confidential in its entirety, as it deals with personal matters about an identifiable person.

On the agenda

As the city filed it

This report summarizes the performance review of Toronto Atmospheric Fund's Chief Executive Officer and recommends base and performance-based compensation.

Staff recommended

The Board Chair recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve the recommendations contained in Confidential Attachment 1 from the Executive Compensation and Performance Review Committee with respect to Chief Executive Officer Compensation. 2. Request the Chief Executive Officer to investigate the cost to retain a consultant or company to conduct a benchmark review study for Toronto Atmospheric Fund staff, consistent with City Council's Guiding Principles for Executive Compensation at City Agencies and Corporations, and report back to the Board for consideration through the 2021 budget process.

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3. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it deals with personal matters about an identifiable person.

    On the record

    The item as the City filed it

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