Compensation Accountability: The Board’s Role in Executive and Director Compensation
May 15, 2023
Our Fireside Chat Features:
Scott Munn,
Partner – Lead Advisor to Compensation Committees, Hugessen Consulting
Linda Hohol
Board Director, NAV Canada, Canadian Western Bank (CWB) an Institute of Corporate Directors
Jennifer Koury
Board Director – Crescent Point Energy and Bird Construction
Vice-Chair – Calgary Zoo
Co-Founder / Director – Board Ready Women
Catherine Samuel
Partner – McCarthy Tétrault
Board Director – Board Ready Women
Director & Vice-Chair – Theatre Calgary
Moderated by:
Heather Culbert
Co-Founder/Board Chair – Board Ready Women & Axis Connects
Vice Chair – Export Development Canada
Board Chair – United Way World Leadership Council
We are pleased to invite you to join our next Board Ready Women event on May 15th from 4:30 to 7:00 pm (MT). We are hosting this event in-person and virtually at McCarthy Tetrault. In-person registration starts at 4:00 pm, with the panel starting at 4:30 pm, followed by cocktails and networking.
In-person attendance is limited to 100 attendees so register early!
Boards of directors have ultimate accountability for CEO and executive performance and making executive and director compensation decisions, usually based on recommendations from Compensation Committees. Board compensation decisions are under increasing scrutiny to ensure that executive compensation is fair and equitable from a stakeholder perspective, especially shareholders.
At the session we will address:
- Legal and Regulatory requirements with respect to Compensation Disclosure
- General Compensation philosophies and trends in Executive and Board Compensation
- Stakeholder accountability – Peer comparisons and performance management
- Board HRC and Governance Committee challenges and accountability.
Some Of Your Comments:
- I have enjoyed all of the events that BRW has presented. This one was exceptional — the content, speakers and information presented. I am at a Board meeting this week and held off on reviewing the HRCC materials until after the session. I am not on the Committee but attend the Committee meeting. The session improved my understanding and helped in my review of the HRCC materials. Thank you!
- Thank you for all your efforts organizing these wonderful events!
- I found the event to be very easy and convenient.
- The information was new to me, so I simply just enjoyed learning more about how to determine executive compensation.
- I liked open and honest dialogue about what has worked and what hasn’t. I felt each of the speakers were fullsome in their responses and authentic.
- The networking is very valuable but have to say the information presented is what I appreciated the most from the event.
- Because the content was fairly high level, I appreciated the ability, as an in-person attendee, to have follow-up discussions during the networking portion.
- I thought the speakers were really good and the fact that they shared real life events, was invaluable.
- I liked the deep content, fast pace, well organized and on-point.
- I appreciated the virtual option as I was unable to attend in person.
Speakers' Bios:
Scott Munn
Partner - Lead Advisor to Compensation Committees, Hugessen Consulting
Scott founded the Calgary office of Hugessen. He has been a lead advisor to Compensation Committees across Canada as a Hugessen Partner and as a National Partner and leader at another national firm.
While advising boards and executive teams over the past 25 years, Scott has been involved in all aspects of executive compensation, performance goal setting /evaluation and related governance. His clients include large and midsized publicly traded companies as well as larger private and public sector organizations. He is a frequent speaker and contributor of intellectual capital on a broad range of topics around governance, compensation program design, pay and performance linkage and measurement. Scott is a long-standing faculty member for the Institute of Corporate Directors’ Directors Education Program.
Prior to joining Hugessen Consulting as a Partner in October 2008, Scott was a National Partner and Principal with Mercer.
Scott is a CFA Charterholder. Scott graduated with distinction for the Schulich School at York University with an MBA and holds a BA in economics from Western University.
Bow Valley Square IV
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Email: smunn@hugessen.com
Linda Hohol, ICD.D
Board Director, NAV Canada, Canadian Western Bank (CWB) an Institute of Corporate Directors
Linda Hohol serves on the boards of NAV Canada (NAV), Canadian Western Bank (CWB) and the Institute of Corporate Directors (ICD). She Chairs the Board of the ICD, Chairs the Audit and Finance Committee for NAV Canada, serves on the Risk Committee and Chairs the Human Resource Committee for CWB.
She was the President of the TSX Venture Exchange at the TMX Group Inc. from 2002 until 2007. Prior to this she was Executive Vice-President, Wealth Management, CIBC and Senior Vice President Alta and NWT, CIBC. Ms. Hohol has served on the boards of many for-profit, not-for-profit and Crown Corporations, including Export Development Canada, ATB Financial, Calgary Airport Authority, Canada Foundation for Innovation, EllisDon Construction and Alberta Health Services. Ms Hohol chaired the board of the United Way of Calgary
Ms. Hohol is the recipient of the Distinguished Business Leader Award from the U of C Haskayne School of Business, the Alberta Centennial Medal for Community Service, the GPP Canada Peter Dey Achievement in Governance Excellence Award, and an Honorary Applied Technology Degree from SAIT.
Jennifer Koury
Board Director – Crescent Point Energy and Bird Construction
Vice-Chair – Calgary Zoo
Co-Founder / Director – Board Ready Women
Ms. Koury has more than 35 years professional experience including C-suite leadership roles and international experience, with the world’s largest mining Company, BHP Billiton, as well has worked with Enerplus Resources and Exxon Mobil as a senior executive.
Although her core skill is in the Human Resources discipline, she also has extensive business leadership, management and governance experience working with large global organizations as well as mid-size and early-stage companies which has developed her broad range of business acumen skills.
Currently, Ms. Koury sits on the Board of Directors for Crescent Point Energy, chairing their HRC and member of the Governance Committee; Bird Construction in Toronto, serving on the HR and Governance Committee and EH&S Committee; the Calgary Zoo as Vice-Chair of the Board and is one of the Co-Founders of Board Ready Women, a non-profit, Calgary grassroots organization whose sole purpose is to ensure more women serve on Boards. Ms Koury also served on the Women in Mining Canada Board from April 2017 to April 2021.
From September 2017 to December 2019 Jennifer was the Co-Chair of the first public/private partnership for the UN Women Global Innovation Coalition for Change (GICC), a branch of the United Nations. Based in New York, the GICC consisted of a group of twenty-five global companies and institutions supporting and empowering women and girls in innovation.
Ms. Koury holds a Bachelor of Commerce Degree (honors) from the University of Alberta and has her Directors Designation, ICD.D, from The Rotman School of Business, University of Toronto.
Catherine Samuel
Partner, McCarthy Tétrault
Board Director, Board Ready Women
Director & Vice Chair, Theatre Calgary
Cathy is a partner in the Business Law and Technology Groups of McCarthy Tétrault LLP where she currently leads the national Procurement Group and is Alberta Chair of the Inclusion Now PRIDE Committee. With over 20 years’ experience, Cathy’s practice focuses on complex M&A and commercial transactions, acting for early stage and mid-market companies as well as large Canadian and international clients in the energy, telecommunications, technology, retail, cannabis, financial services and healthcare industries. Cathy is recognized as a Leading Lawyer by Chambers Canada in the area of Corporate/Commercial (Alberta) and by Lexpert in the areas of Corporate Mid-Market, Computer & IT Law and Technology Transactions.
Cathy currently serves on the board of Theatre Calgary, where is she is Chair of the HR Committee and a member of Governance & Nominating Committee. She is also a director of Apollo Endosurgery Canada Ltd. She is the Corporate Secretary for Pulse Seismic Inc. (TSX: PSD) and Baby Gourmet Foods Inc.
