O. Reg. 380/16: EXECUTIVE COMPENSATION FRAMEWORK
filed November 22, 2016 under Broader Public Sector Executive Compensation Act, 2014, S.O. 2014, c. 13, Sched. 1Skip to content
ontario regulation 380/16
made under the
Broader Public Sector Executive Compensation Act, 2014
Made: November 16, 2016
Filed: November 22, 2016
Published on e-Laws: November 22, 2016
Printed in The Ontario Gazette: December 10, 2016
Amending O. Reg. 304/16
(EXECUTIVE COMPENSATION FRAMEWORK)
1. (1) Clause 3 (1) (b) of Ontario Regulation 304/16 is revoked and the following substituted:
(b) performing the calculations set out in subsection (3), (4) or (5), as the case may be.
(2) Paragraph 3 of subsection 3 (2) of the Regulation is revoked and the following substituted:
3. Paragraph 2 does not apply with respect to a designated executive if,
i. the designated employer operates a nuclear facility as defined in the Nuclear Safety and Control Act (Canada),
ii. it is a requirement of the designated executive’s position that the designated executive have practical experience in operating, designing, constructing or maintaining a nuclear facility or in supervising the controls of a nuclear reactor in a nuclear facility,
iii. the designated employer has submitted, to the Canadian Nuclear Safety Commission, a description of the designated executive’s position and the qualifications of the designated executive and the Canadian Nuclear Safety Commission has not notified the designated employer, in writing, that the designated executive is not qualified for the position,
iv. there are no Canadian public sector or broader public sector organizations to which the designated employer can be compared; and
v. subparagraph 5 ii has been complied with and the Minister’s approval, referred to in paragraph 4, has been given.
4. An organization that is not a Canadian public sector or broader public sector organization may be selected as a comparator organization subject to the Minister’s approval. The designated employer may apply for approval in writing.
5. The application referred to in paragraph 4 shall include a business case articulating,
i. the reasons the designated employer cannot be compared solely to Canadian public sector or broader public sector organizations, or
ii. if the designated employer believes that the conditions in subparagraphs 3 i to iv are satisfied, the reasons the condition in subparagraph 3 iv, that there are no Canadian public sector or broader public sector organizations to which the designated employer can be compared, is satisfied.
(3) Subsection 3 (4) of the Regulation is amended by striking out the portion before clause (a) and substituting the following:
(4) If some but not all of the comparator organizations selected under subsection (2) are Canadian public sector or broader public sector organizations, the maximum salary and performance-related pay shall be calculated by,
. . . . .
(4) Section 3 of the Regulation is amended by adding the following subsection:
(5) If none of the comparator organizations selected under subsection (2) are Canadian public sector or broader public sector organizations, the maximum salary and performance-related pay shall be calculated by,
(a) determining the maximum amounts of salary and performance-related pay that may be paid to the executives in the comparator organizations who hold positions comparable to the position or class of positions held by the designated executive or class of designated executives;
(b) selecting a percentile that is no greater than the 50th percentile of the amounts determined under clause (a); and
(c) determining the amount that is at the percentile selected under clause (b).
2. This Regulation comes into force on the day it is filed.