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The provincial government is reducing compensation for its Crown corporation executives this fiscal year.
According to Thursday’s announcement, Crown executives at the chief executive officer and vice-president levels will see their salary holdback eligibility reduced by two thirds. Holdbacks, which are essentially bonuses, will be eliminated entirely for executives of the Crown Investments Corporation, the holding company for Saskatchewan’s commercial Crowns.
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“Salary holdbacks are the incentive-based portion of each executives’ salary and are a significant element of their total cash compensation. Prior to the change, salary holdbacks could add between 10 per cent and 25 per cent to an executive’s cash compensation, depending on their management level and size and scope of their organization,” state
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