For the current compensation review season, we are excited to announce the successful launch of our Mining Industry Compensation Survey for executive roles in Canada. We share details of the survey below – please let us know if you have any questions about participation and access to information.
Our mining survey differs from others in the market as we do the initial matching internally as we have a holistic view of all the participants and can ensure similar roles are matched to the same job within our survey using a consistent job function / level approach. We then validate our matching and levelling with participants.
Survey Participation
Our inaugural survey included 14 mining organizations – all Canadian headquartered and TSX listed, reflecting mix of market capitalization (small-cap, mid-cap and large-cap), with a focus on precious and/or diversified metals mining. Executive roles within the data are all based in Canada, mitigating challenges with benchmarking executive roles located in other countries with compensation levels, mix and plan design influenced by the local market.
We will aim to continue to offer this survey annually, increasing participation and the breadth of reported information on compensation levels and practices.
Executive Levels, Job Families and Disciplines Covered
Within the survey, a “benchmark” is comprised of an executive level + job family + discipline. Below we outline the potential combinations of benchmarks:
Survey Highlights and Key Findings
About The Authors
Alex Pattillo, Partner
Alex is a founder and Partner of Southlea, a GECN Group company. For the past 15 years, Alex has advised boards and senior management teams on aligning pay programs with their business strategy and performance objectives. He has worked with many of the largest companies in Canada, with international and global operations. He is known for his expertise in executive compensation governance, including public disclosure requirements, and understanding the perspectives of institutional investors and proxy advisors (such as ISS and Glass Lewis) in Canada.
Prior to forming Southlea, Alex worked at Willis Towers Watson, a global human resources consulting firm, as the market leader for the Toronto Rewards Practice and the leader of the Canadian Executive Compensation Governance Team.