CORPORATE GOVERNANCE
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 $38,600; • Other Directors: annual retainer of $24,124; • Chair of Audit and Finance Committee: annual retainer of $3,376; • Chairs of other Committees: annual retainer of $2,412;
• Committee members: $724 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. As part of fiscal restraint, Board members took a 3.5 per cent rollback on all of their retainers and meeting fees. Board members each sit on one of the three Committees. There were seven Board meetings and 14 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 $351,780+ compared to $363,362** in 2016-17. The total business travel and meeting expenses paid to members of the Board were $15,666+ compared to $9,551** in 2016-17. +This amount was for the 12-month reporting period of April 1, 2017 to March 31, 2018. **The 2016-17 amount was for the 12-month period from April 1, 2016 to March 31, 2017.
Membership and Attendance at Meetings of the Board and Board Committees from April 1, 2017 to March 31, 2018
Board (7 mtgs)
Audit (6 mtgs)
Gov/Sr (4 mtgs)
Hrs (4 mtgs)
Legal Serv. (0)
Total Possible
Total Attended
Member
%
Barber (Chair) Baker
7
5
13
12
92
6 6 7 7 7 7 4 7 7 6
6
13 11 11 11 11 13 11 11 13 11
12 10 11 11 11 13
92 91
Bannister
4
Barsi
2*
2*
100 100 100 100
Chickoski Clavelle Joorisity Krawchuck
4
4
6 4
8
73
Revet
4
11 12 10
100
Svedahl
5
92 91
Wong
2*
2*
*Total possible meetings to attend. For purposes of this report, Directors who attended meetings in part were considered to be present.
87
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