Workforce rewards and executive compensation – Fall 2022

Various workforce rewards and executive compensation developments have occurred since the publication of our last Client Advisory earlier this year. Key items of interest include:

Executive compensation and governance:

• Say-on-pay vote results
• Virtual corporate processes
• Tax changes in various jurisdictions
• Significant corporate control
• New director and officer obligations in Ontario
• Final US SEC proxy and clawback rules
• ESG developments
• Automatic Securities Disposition Plans in Québec

Workforce rewards and pay equity:

• Pay equity and pay transparency developments
• New federal prohibitions against wage-fixing and employing under-age workers
• Federal consumer protection
• Statutory holidays and minimum wage developments

Case law:

• Factors affecting the length of reasonable notice
• Bonus entitlements
• Failure to mitigate
• Employee misclassification class actions
• Directors and officers’ liability insurance

Inclusion and diversity:

• Women on boards of directors and in executive officer positions
• Federal and provincial diversity initiatives
• International developments
• New research