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Article | Client Advisory

Workforce rewards and executive compensation – Fall 2021

November 10, 2021

Recent developments in workforce rewards, pay equity, corporate inclusion and diversity and governance, regulatory compliance
Compensation Strategy & Design|Executive Compensation|Work Transformation|Inclusion-and-Diversity|Employee Experience|Ukupne nagrade |Benessere integrato
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Various workforce rewards and executive compensation developments have occurred since the publication of our last Client Advisory. Key items of interest include:

Executive compensation and governance:

  • Taxation of employee stock options
  • Say-on-pay voting results
  • Draft Ontario Capital Markets Act released for public consultation
  • CSA executive compensation disclosure
  • Proposed CSA climate-related disclosures
  • New requirements for electing directors under the CBCA
  • New business corporations statute in Saskatchewan
  • Corporate meeting rules in various provinces
  • OSFI ends compensation restrictions at federally regulated deposit taking institutions and insurers
  • Canada Emergency Wage Subsidy and new support programs
  • SEC rule changes on shareholder approval of executive compensation arrangements
  • SEC initiatives on ESG
  • Representation of women on corporate boards

Workforce Rewards and Pay Equity:

  • Federal pay equity legislation in force
  • Federal employment equity amendments
  • Wage Earner Protection Act changes, effective November 20, 2021
  • Working on Sundays in Manitoba
  • Minimum wage and statutory holidays in various jurisdictions

Case law:

  • Majority voting policies
  • Bonus entitlement
  • Impact of COVID-19 on reasonable notice
  • Vacation and holiday pay class action
  • Pay equity

Inclusion and diversity:

  • US and international corporate diversity
  • International gender pay gap studies
  • Teleworking and hybrid arrangements

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