Executive Compensation Disclosure

The enhanced disclosure requirements apply to chief executive officers and the next four highest paid/ranking executives, where these positions hold an annual base salary of $125,000 or more. They must be proactively disclosed on the organization's website. This executive compensation disclosure is in addition to the more basic salary disclosures employers make under the Financial Information Act for employees earning $75,000 or more.

Links to Disclosure can be found at: http://www.fin.gov.bc.ca/psec/execcompdisclosure/index.htm

• British Columbia Lottery Corporation (April 1, 2007 – March 31, 2008)
• BC Transmission Corporation (April 1, 2007 – March 31, 2008)
• Interior Health Authority
• Okanagan College
• British Columbia Assessment Authority (Jan. 1, 2006 – Dec. 31, 2007)
• BC Transit (April 1, 2007 – March 31, 2008)

------------------------

B.C. government top pay revealed By Tom Fletcher - BC Local News Published: July 17, 2008

A severance payout to fired B.C. Lottery Corp. CEO Vic Poleschuk made him the highest paid government employee in the province for the fiscal year ended March 31. Poleschuk was paid $929,027 for the year, although his base salary was $275,000. He was bought out of his contract following a report by B.C. Ombudsman Kim Carter that revealed a potential for retailer fraud in lottery ticket sales. Finance Minister Colin Hansen released the annual statement of executive compensation Thursday, along with the province's public accounts for the fiscal year. It shows that the highest salaries go mainly to senior managers in government-related corporations and agencies such as health authorities and universities.

University of B.C. president Stephen Toope had the highest base salary, $378,000, and his total compensation was more than $578,000 for the year. The next-highest base salary was 356,400 for Brent Aitken, CEO of the Vancouver Coastal Health Authority, whose counterpart at Interior Health Authority, Murray Ramsden, made $329,548 in salary and $369,165 overall. BC Hydro CEO Bob Elton's salary was $378,000, and his total compensation of $578,936.70 put him second to Poleschuk for the year. Close behind was BC Rail CEO Kevin Mahoney, with $569,975 in total compensation on a salary of $275,000. Hansen said BC Rail still has substantial assets to manage, mainly its right-of-way and real estate, despite the long-term lease of railway operations to CN Rail. In fifth spot in the overall list is Partnerships BC CEO Larry Blain, with $352,217.421 in salary and more than $548,000 in overall compensation. Sixth is Douglas Hyndman, CEO of the B.C. Securities Commission, with $342,368 in salary and $543,957 in total pay.Former ICBC president Paul Taylor collected a $300,000 salary and $524,759 overall before leaving in May to become president of Naikun Wind Energy Group Ltd.

Hansen, who as a B.C. cabinet minister makes a base salary of $147,000, said compensation for public sector executives in B.C. is "in the middle of the pack" for Canadian provinces, but precise comparisons are not possible because no other province does the level of public reporting that B.C. does.