Governance and Reports

In September 2016, the Government of Ontario introduced a new Executive Compensation Framework with the introduction of Regulation 304/16: Executive Compensation Framework. Under the Broader Public Sector Executive Compensation Act, 2014, all designated employers must have and post executive compensation programs for executives.

The program reflects the IESO’s compensation philosophy, which is built with four key objectives:

  • To focus employees on meeting the IESO’s business objectives
  • To attract and retain qualified employees needed to carry out the IESO’s mandate
  • To have compensation levels which are reasonable, responsible and in compliance with provincial regulations
  • To provide generally comparable levels of compensation for jobs that provide generally similar levels of contribution to the organization

Executive Compensation Program (Posted February 28, 2018)