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Executive Compensation and Performance Management

The Ottawa Hospital has a rigorous performance-management program for all of its employees, including its executives.

Every year, each member of the executive team, including the CEO and Chief of Staff, is evaluated based on his or her ability to meet objectives on a wide range of performance goals, which are established by the hospital’s Board of Governors.

The Role of the Board of Governors

The CEO and Chief of Staff are directly accountable to the hospital’s Board of Governors.

Every year, a Board committee determines the total compensation of the CEO and Chief of Staff by evaluating their performance against the objectives outlined in the hospital’s stated goals.

The Governance Committee then brings its performance evaluations and compensation recommendations to the full Board for approval.

The Role of the CEO

All members of the executive team, except for the Chief of Staff, are directly accountable to the CEO, who determines each executive’s total annual compensation.

Every year, each executive is evaluated based on his or her ability to meet targets on the performance indicators established by the board. Each executive is also accountable for meeting a set of individual objectives.

The performance evaluations of each executive are based on:

  1. Performance Management: The annual performance of each executive is measured against leadership competencies and annual goals.
  2. Professional Development: Each executive must identify annual opportunities for growth and performance improvement.
  3. Performance Goals: Each executive must set annual goals that include:
    • objectives under The Ottawa Hospital’s Quality Improvement Plan
    • individual goals related to the executive’s portfolio of responsibilities.

Compensation

Compensation for the executive team is determined based on the performance metrics above. In addition, the Board’s Governance Committee conducts periodic reviews of executive salaries and benefits at Ontario hospitals of similar size and mandate to The Ottawa Hospital. A third-party consultant is engaged to conduct the review.

Components of Executive Compensation

Base Compensation: Compensation is determined through performance metrics and external compensation benchmarking.  The Governance Committee of the Board of Governors approves compensation for the President & CEO as well as Chief of Staff (COS). Base compensation for the CEO is $517,000.  Base Compensation for Executive Vice Presidents ranges from $250,00 to $325,000.

Compensation At Risk: Each year up to 10% of Executive Vice Presidents’ compensation and up to 25% of CEO’s compensation is considered to be at risk and is held and measured against achievement of goals and objectives.

Standard Benefits Package: A benefits package is provided to each executive, including short-term disability benefits, long- term disability benefits, group life insurance, dental benefits and extended health insurance.

Automobile Allowance: An annual allowance is provided to support full vehicle acquisition and operating costs for business-related travel.

Last updated on: September 15th, 2023