The AGCO is committed to being open and transparent in its operations, accountable to the citizens of Ontario and compliant with all applicable directives of the Government of Ontario.
Under O. Reg. 304/16: Executive Compensation Framework of Ontario’s Broader Public Sector Executive Compensation Act, 2014, provincial agencies are required to have and to post to their websites a written executive compensation program setting out the compensation that may be provided to its designated executives.
The AGCO’s Executive Compensation Framework was initially posted for public consultation on January 4, 2018. The final, approved executive compensation framework was posted on February 28, 2018.
This Executive Compensation Program has been approved by the minister, in this case, the Attorney General, as required by the Broader Public Sector Executive Compensation Act and Regulation 304/16 under that Act. This posting must be made by February 28, 2018 in order for AGCO executive staff to be eligible to receive retroactive pay dating back to September 1, 2017. The increase of 5% per year for three years and the associated salary band ranges are within the salary caps and are based on the public sector executive salary comparators contained within the AGCO’s Executive Compensation Program.
The AGCO’s governing legislation, the Alcohol and Gaming Regulation and Public Protection Act, provides that the AGCO Board of Directors may, subject to the approval of the Lieutenant Governor in Council (LGIC), establish job categories and salary ranges. Accordingly, the salary ranges set out in the AGCO’s Executive Compensation Program require LGIC approval before they can come into effect.