Executive compensation and governance, rewards, pay equity, inclusion and diversity – Spring 2023

Various workforce rewards and executive compensation developments have occurred since the publication of our November 14, 2022 Client Advisory. Key items of interest include:

Executive compensation and governance:

• OSFI compensation guidance
• Virtual corporate processes
• Beneficial ownership disclosures
• Federal proxy developments
• Securities regulator and accounting developments
• CCGG initiatives
• US SEC developments

Workforce rewards and pay equity:

• Pay transparency legislation in British Columbia
• Proposed Ontario gig worker protections
• Minimum wage and statutory holiday developments
• Canada Labour Code developments
• Federal tax credit for clean technologies
• Competition Act amendments
• Manitoba payroll tax changes
• Income support changes
• QPP reform
• Employee ownership trusts

Case law:

• Factors affecting reasonable notice
• Components of wrongful dismissal damages: Bonus and other entitlements
• Duty to mitigate
• Employment class actions certified
• Aggravated and punitive damages
• Investigating allegations of gender-based discrimination
• Taxable employment benefits in Québec

Inclusion and diversity:

• Women and racialized groups on boards and in executive officer positions
• Recent employment trends
• Federal and provincial diversity initiatives