• Committee members: $750 per day meeting fee; and • Directors also receive reimbursement for their reasonable out-of-pocket expenses including travel, meals and accommodations while performing their duties. Previously, Board members sat on two Committees. With the reconstruction of Committees, Board members now sit on one of the three Committees. There were nine Board meetings and 25 Committee meetings this reporting period. The total remuneration paid to Directors (annual retainers, pro-rated for the portion of the fiscal year each Director was a member of or chaired a Committee, plus Committee per diems) was $363,362 + compared to $467,548 ** in 2015-16. The total business travel and meeting expenses paid to members of the Board were $9,551 + compared to $17,976 ** in 2015-16. + This amount was for the 12-month reporting period of April 1, 2016 to March 31, 2017. ** The 2015-16 amount was for the 12-month period from April 1, 2015 to March 31, 2016.
Director Remuneration Compensation received by Directors is fixed by CIC under the Crown Corporations Act, 1993 . The Governance and Social Responsibility Committee has authority to recommend to the Board (and the Board to CIC) adjustments to such compensation. The Audit and Finance Committee receives quarterly reports with respect to the remuneration of Directors and reports any anomalies to the Board. The Committee reviews the annual payee disclosure report that includes total remuneration paid to Directors. Directors are paid an annual retainer for their services on SaskEnergy’s Board, as well as a set per diem fee for travel time and attendance at Committee and Board meetings as follows: • Chair of the Board: annual retainer of $40,000; • Other Directors: annual retainer of $25,000; • Chair of Audit and Finance Committee: annual retainer of $3,500; • Chairs of other Committees: annual retainer of $2,500;
Membership and Attendance at Meetings of the Board and Board Committees from April 1, 2016 to March 31, 2017
Bus. Dev. (2)
HR/Comp (5)
Legal Serv. (0)
Total Possible
Total Attended
Member
Board (9)
Audit (10)
Gov. (4)
SCSR (3)
%
Barber (Chair)
9/9
10/11
5/5
25
24
96
Baker
9/9
2/3**
2/2
3/5
19
16
84
Bannister
9/9
4/4
3/3
16
16
100
Beug*
6/7**
2/2**
5/5
9
8
89
Bishop
9/9
8/8**
4/4
21
21
100
Chickoski
9/9
2/2
5/5
16
16
100
Clavelle
9/9
4/4
3/3
16
16
100
Gayton*
6/7**
2/2**
3/3
12
11
92
Joorisity
9/9
11/11
2/3
23
22
96
Krawchuk
7/9
5/8
3/3
20
15
75
Thomas*
6/7**
2/3**
5/5
15
13
87
Barsi*
2/2**
2
2
100
Revet*
2/2**
2
2
100
Svedahl*
2/2**
3/3**
5
5
100
Wong*
1/2**
2
1
50
*Members appointed and/or removed November 24, 2016. **Total possible meetings to attend.
For purposes of this report, Directors who attended meetings in part were considered to be present.
84
Corporate Governance
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