Transparency and reporting

Good governance is about making every decision with the long-term interests of MEC in mind. It means our leadership, processes and policies create the conditions for sound decision making, and that we are consistent, responsive and accountable to our members.

To stick to our commitment of good governance, MEC’s Board follows leading governance standards and practices:

  • Having open, two-way communication with members
  • Publicly sharing our Board and Committee job descriptions
  • Abiding by our Code of Conduct, which ensures the Board upholds MEC values and acts with integrity
  • Following procedures for disclosing and handling any potential conflicts of interest
  • Overseeing MEC’s external auditor
  • Ensuring our Board has the right skills and abilities
  • Overseeing CEO performance evaluating annual Board and director performance.

If you have any questions regarding governance, please contact us at governance@mec.ca.

Annual and financial reports

We put together an annual report to let members know about the successes and challenges MEC faced in the previous year. MEC’s consolidated financial statements are available to all – members and non-members alike.

Visit our archived reports page to see Annual Reports and Financial Statements from previous years.

Board attendance

The MEC Board meets five times a year, for two or three days each time. Each committee also meets between three to five times a year and directors normally serve on two committees. Directors attended 100% of Board meetings and 96% of Committee meetings during the 2016-17 board year.

Board compensation

The Board’s compensation structure is approved by the membership at our Annual General Meeting.

At the 2015 AGM, members approved a new retainer-only compensation framework, including a 3% increase each year until 2018. Directors no longer get paid meeting fees for each meeting they attend, but receive an annual retainer to reflect their responsibilities and duties.

Position

2015/16

2016/17*

2017/18

Annual Board Chair Retainer $58,195 $68,074 $61,739
Annual Director Retainer $32,445 $38,431 $34, 421
Annual Retainer for chairing the Finance and Audit Committee $6180 $7320 $6556
Annual Retainer for chairing a committee (other than Finance and Audit) or for Director acting as Vice-Chair $4120 $4881 $4371
Annual Retainer for sitting on a committee (but not chairing) $1000 $1185 $1061

*Adjusted by Resolution at the 2016 AGM to reflect the exceptional length of the 2016/17 Board year.

Board compensation policy also requires disclosure of annual compensation paid to each MEC director, excluding reimbursements for expenses and travel. For the 2016-2017 board year, directors were compensated as follows:

Director Total compensation 2016-2017 board year
Ellen Pekeles (Chair) $68,074
Daniel Blanche (Vice Chair) $47,682
Phil Arrata $40,876
Rob Campbell (Finance and Audit Chair) $45,751
Jonathan Gallo $41,401
Shawn Mitchell (Governance Chair) $44,822
Tamara Paton (Human Resources & Compensation Chair) $47,097
Judi Richardson (Nominations Committee Chair) $44,622
Kathy Uher $43,076

Governance disclosure statements

As part of MEC’s commitment to good governance, the Board publishes a governance disclosure statement to describe its performance in key areas.