In British Columbia, organizations subject to the Public Sector Employers Act—such as the University of Victoria—are statutorily required to disclose all compensation that’s both accrued and paid to the Chief Executive Officer (CEO), as well as to the next four highest ranking/paid executives who have an annualized base salary of $125,000 or greater during the fiscal year.
Executive compensation at the university is covered by the BC Public Sector Management and Executive Compensation Freeze Policy which was introduced in September 2012.
UVic’s annual executive compensation disclosure report is based on the best practices of transparency and full accountability for compensation paid to executives. These principles are also key to the January 2014 Executive Compensation Plan and to UVic’s decision to voluntarily publish the President’s travel related expenses.
The University of Victoria is developing a new policy to avoid any potential conflict of interest for senior management employees associated with offers of employment from other entities.