Executive Compensation Review

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

2022-07-26 · Toronto Parking Authority · adopted

As filed

The Board of Directors, Toronto Parking Authority: 1. Adopted the recommendations and instructions to staff contained in Confidential Attachment 1 to the report (July 11, 2022) from the President, Toronto Parking Authority. 2. Directed that Confidential Attachment 1 to the report (July 11, 2022) from the President, Toronto Parking Authority, remain confidential in its entirety, as it deals with personal matters about identifiable persons.

On the agenda

As the city filed it

Toronto Parking Authority is on an accelerated journey towards excellence, with the vision of becoming the world's best provider of sustainable parking, bike share and last mile mobility experiences for our customers, partners and our city. Toronto Parking Authority's talent gaps, exacerbated by uncompetitive compensation, remains a barrier in attracting and retaining top leadership talent to support our change agenda.

Show the rest of As the city filed it, 353 more characters as filed

In order to address this issue, a compensation benchmarking review for Vice-Presidents and Directors was conducted by a third party and received by the Board of Directors at its meeting on May 27, 2022. The matter was referred to the next meeting of the Board. This report recommends revisions to the compensation plan for Vice-Presidents and Directors.

Staff recommended

The President, Toronto Parking Authority recommends that: 1. The Board of Directors, Toronto Parking Authority, adopt the recommendations and instructions to staff contained in Confidential Attachment 1. 2. The Board of Directors, Toronto Parking Authority, direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it deals with personal matters about identifiable persons.

On the record

The item as the City filed it