CEO Compensation in Canada, 1971-2008

摘要

This paper draws from a unique database spanning over 35 years of Canadian CEOs’ compensation to explore the interplay among: the information available to boards of directors of Canadian companies for making executive pay decisions, the Canadian business environment, and the compensation that Canadian CEOs received. We find a very strong correlation between Canadian CEOs’ compensation and the amount of information on CEO compensation available to boards of directors. We further note that the evolution of the Canadian business environment has shaped the information produced and made available to boards of directors regarding CEO compensation.