Executive Compensation Disclosure Statement for 2010/2011
This report is an accurate representation of all compensation to all employees whose base
salary was $125,000 or more in the fiscal year 2010/2011.
Background
In spring 2008, the Province of British Columbia amended the Public Sector Employers Act
to require public sector organizations to disclose the major elements of compensation, including
base salary, benefits (including taxable benefits), employer pension contributions, and performance
payments. The enhanced disclosure requirements apply to chief executive officers and the next four
highest ranking executives where these positions hold an annual base salary of $125,000 or more. In
addition, each organization is to publicly post compensation information on their website.
Statement of Compensation Philosophy, Practice and Process
At its June 25, 2008 Board of Governors meeting, the North Island College Board of Governors adopted
the following Statement of Compensation Philosophy, Practice and Process:
The North Island College Board of Governors complies with the direction from the Government of BC
with respect to relevant statutes and public policy and considers the external market data provided by
the Post Secondary Employers’ Association when determining executive compensation.
The Board recognizes the need to relate and disclose total compensation based on all compensation,
pension, benefits and perquisites. Further, the Board recognizes the need to relate any compensation to
the College’s service and performance plans, and has identified a set of objective measures in the Service
Plan.
Compensation is determined with reference to a job evaluation plan and annual salary ranges for specific
positions, and the benefit provisions are established in the Human Resource Policies as previously approved
by the Government, and subject to change from time to time with the approval of Government.
For purposes of this report, total compensation includes: base salary, pension, automobile allowance,
health and welfare benefits, and perquisites. The total compensation package is designed to allow the
organization to attract, retain and motivate qualified individuals.
North Island College does not provide incentive pay or bonus pay to the President and CEO.
The President and Chief Executive Officer’s performance is evaluated by the Board’s Sub Committee on
Compensation and Performance which includes an Annual Report of the President and CEO’s Priority Objectives.
Every other year, the results of a 360-Degree Multi-Rater Performance Review is conducted against specific
competencies set by the Board. The Board receives and approves the President’s Objectives and achievement of
such objectives on an annual basis.