Thank you to community members who provided feedback on the draft Policy on Executive Compensation. The feedback received was supportive of the policy, indicating that the approach taken is fair and reasonable in that designated executives are treated in the same way as faculty.
The feedback can be summarized as follows: In using the same comparator group as faculty, there was a comment about using the right numbers in the calculation of the 50th percentile. The policy commits the University to using only information that is publicly available to set compensation. In addition, a sentence was added to the policy to make it clear that the sum of the salary and performance pay for any designated executive cannot exceed the 50th percentile.
The policy has now been approved by the University of Windsor Board of Governors and is posted on the University Secretariat website.