The level of compensation paid to directors of Canadian corporations remains below that of comparable corporations in the United States, says a report by the Institute for Governance (IGOPP). The report shows that over the 10-year period from 2001 to 2010, the average annual fees received by directors of Canadian public corporations have increased 465 per cent. However, this increase is not uniform among all corporations since the most substantial raises have occurred in the large financial institutions and in corporations in the oil and mining industries. Directors’ compensation has not attained levels that can be considered excessive after taking into account the growth in institutional and regulatory requirements during the same period.
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