Say on Pay - Executive Compensation

SHARE believes investors’ best interests are served by providing an opportunity to express their views on executive compensation.

Accordingly, we are asking companies to include an annual, advisory proposal where shareholders can vote for or against the executive compensation plan proposed by the company in the annual proxy circular. The vote is commonly referred to as ‘say on pay.’

It is intended to form an important part of the dialogue between companies and their shareholders about performance targets and salaries for corporate executives. The vote outcome is not binding, and the board of directors remains ultimately responsible for approving all decisions on executive pay. SHARE advocates for the adoption of a say on pay by all Canadian companies. 

We also offer guidance to issuers that provide inadequate information about executive compensation, including a failure to indicate whether or not incentive compensation elements are performance based and what specific performance criteria will apply.

View Canadian companies that have adopted a Say on Pay