The document shows the board approved the following compensation increases (effective since Jan. 1, 2018)
$70,000 raise for the chair of the board (to $330,000).
$25,000 raise for regular board members (to $185,000).
$5,000 raise for directors who chair the audit and human resources committees (to $25,000 above their board compensation).
The board of Hydro One is already under fire for sweetening the severance pay of its top executives. CEO Mayo Schmidt would receive at least $10.7 million if he is fired in the wake of either government intervention with the company or a government move to replace the board.
$70,000 raise for the chair of the board (to $330,000).
$25,000 raise for regular board members (to $185,000).
$5,000 raise for directors who chair the audit and human resources committees (to $25,000 above their board compensation).
The board of Hydro One is already under fire for sweetening the severance pay of its top executives. CEO Mayo Schmidt would receive at least $10.7 million if he is fired in the wake of either government intervention with the company or a government move to replace the board.
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