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When called upon to act as a personal representative, whether in the capacity of an attorney, executor, or trustee, the issue of compensation is often called into question. The basic starting point for executor or trustee compensation is the will or trust document.
Indeed, further restraint on compensation spending would help ease the pressure on Ontario's finances. Ensuring that the wages and benefits of provincial government workers are in line with private sector norms for similar positions would be a good first step towards getting things right.
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Crime rates in Canada have been falling for 25 years, but the costs of policing just keep on rising. Admittedly, crime rates have likely been falling in part because we're spending more -- especially when that extra spending means more officers on the streets. But part of the cost increases can be attributed to the fact that those officers are performing a growing number of tasks that have little to do with actual policing.
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Poet, Anatole France, once observed that, "it is the certainty that they possess the truth that makes men cruel." He could just as easily be commenting on two recent actions of our present federal government that fly directly in the face of what is supposed to be good politics: giving the people what they want. How else to explain the undue harshness against this country's veterans, or the outright attack and manipulation in the Harper government's attempts to revamp Elections Canada to its own purposes? What makes both of these instances so remarkable is the sheer arrogance of a government acting against the best interests of its own people.
In the public sector in Ontario, there have been several governance scandals, including Ontario Power Generation, eHealth, Ontario Lottery and Gaming Corporation, and Ornge, that have included compensation and spending. What this reveals is defective oversight. Governance is not government.
Not expecting a holiday bonus for 2013? If you're Canadian then you share the majority's sentiment. According to a survey only 37 per cent of Canadians expect to be rewarded by their employers for working hard throughout the year with a bonus. That means only one in three Canadians expect to get a little something extra. Apparently, Canadians don't share the same optimism as other workers around the globe since that's 11 per cent lower than the average worldwide.
It is hardly surprising that boards do not focus on value creation, strategic planning, or maximizing company performance, survey after survey, as much as they do on compliance. Their compensation structure does not incent them to. Here is what is needed to align director pay with shareholder interests:
Executive pay practices are in the news on a regular basis. Just in the past few weeks, after meeting with investors, the performance metrics for Citigroup were changed following a failed say on pay v...
The UN Committee Against Torture recently recommended that Omar Khadr receive redress for any human rights violations he may have experienced during his imprisonment at Guantanamo Bay -- $10-million worth. Should Canadian taxpayers pay millions of dollars to a person who left Canada to join al-Qaeda and fight coalition forces in Afghanistan? Why does a convicted terrorist deserve millions of dollars, while terror victims languish?
Good news: job creation in Canada is increasing. Bad news: employees who were holding on during the recession might now start looking for better offers. So how do you keep employees engaged, motivated and productive? Here are five tips on how!