Yvan Allaire, a well-known figure in Yvan Allaire the business world, the Board of Directors of the Chair of the Board of Directors Institute is made up of 15 prominent individuals Institute for Governance of Private and from various field: senior executives of big Public Organizations and small businesses, institutional investors, Emeritus Professor of Strategy (UQAM) heads of public-sector organ [...] Policy Recommendation 5 Boards of directors should be guided by principles of the following nature: TAILORING COMPENSATION TO THE PARTICULAR CIRCUMSTANCES OF EACH COMPANY •. Compensation should be linked to quantitative and qualitative indicators which drive the economic performance of the company, which increase the long-term value of the company; every company is somewhat different in this respe [...] Pay for Value: Cutting the Gordian knot of Executive Compensation CEO Compensation in 2000 dollars (millions) As the compensation of bank CEOs has been of particular interest and a source of much lamentation, 23 we extracted from the data of Figure 6 the data on the CEO compensation for the six largest Canadian banks. [...] However, the Dodd-Frank Act does include two politically driven measures: the obligation for all listed companies to hold a non-binding vote of shareholders on compensation (Say-on-Pay); the obligation for financial sector companies, to divulge the ratio of the CEO compensation to the median compensation in the company. [...] The members of the compensation committee of the board must have the requisite competence (including in financial matters) to design a compensation program for the very specific circumstances of their company; compensation programs and actual pay-outs must be tightly coordinated with the audit and risk management committees.