Draft Executive Compensation Plan
Posted: Monday January 22, 2018 at 3:30 p.m.
Dear Community Member:
In the fall of 2016, new provincial legislation was put in place that requires many Ontario public sector organizations – including hospitals – to develop an executive compensation plan. This legislation follows a long-standing executive compensation freeze. At Quinte Health Care (QHC) the Vice President salaries have been frozen for 10 years and the President & CEO and the Chief of Staff salaries for 8 years. The required plan must be approved by the Ministry of Health and Long-Term Care and the Treasury Board Secretariat before the freeze is lifted.
The QHC Board of Directors has undertaken a comprehensive process to create the attached executive compensation plan for QHC, following the significant requirements of this legislation. All decisions made during each step of developing the plan has been submitted to the government for review and approval. This included the selection of 10 hospital organizations in Ontario that are similar to QHC and have comparable executive positions. The compensation payments in the plan that QHC will be allowed to pay its executives are determined by the compensation paid to executives of these comparator organizations.
Our Board knows effective leadership for our hospitals and communities is critical, especially given the challenges the entire hospital system is currently facing. In order for hospitals to continue to deliver the high quality of care that patients deserve, it is necessary to recruit the best hospital leadership possible.
Additionally, hospitals need to be able to retain qualified individuals that possess the important institutional and community knowledge to lead a complex, multi-site hospital corporation. Accordingly, the QHC Board is committed to having an executive compensation plan that is competitive within the marketplace and balanced with the need to be responsible as a publicly-funded institution.
The attached draft plan has received initial approval from the Ministry of Health and Long-Term Care. In accordance with the legislation, QHC is now providing 30-days for the public to give input on the proposed executive compensation program. We will be accepting public input through the QHC website until 3:30pm on Wednesday February 21, 2018. Feedback will be reviewed by the Board and used to adapt that plan as appropriate. A summary of the input will be submitted to the Ministry of Health and Long-Term Care prior to their final approval and implementation of the executive compensation program.
Stuart Wright, Acting Board Chair
Provide your feedback here:
In the fall of 2016, new provincial legislation was put in place that requires Ontario public sector organizations – including hospitals – to develop an executive compensation plan. This legislation follows a long-standing executive compensation freeze. The QHC draft executive compensation plan has been posted for 30-days for public input. Feedback will be reviewed by the Board and a summary will be submitted to the Ministry of Health and Long-Term Care prior to their final approval of the plan.