Aggregate executive compensation
This page shows aggregate compensation for senior officers and other employees who could have material impact on Canada Life’s risk exposure.
In accordance with Standard 15 of the financial stability board’s principles for sound compensation practices and implementation standards and Basel Committee on Banking Supervision’s Pillar 3 disclosure requirements, the table below shows the aggregate compensation paid or granted in 2016 to 15 senior officers (and including fees paid to members of the board of directors) and 14 other employees who could have a material impact on our risk exposure.
Compensation amounts reflect services rendered to The Canada Life Assurance Company, The Great-West Life Assurance Company, London Life Insurance Company and their respective subsidiaries.
|(Millions)||Salary||Cash Bonus||Option Based Awards1
|Share Based Awards
|Other variable compensation|
|Material Risk Takers||$6.2||$4.4||$1.2||$3.0||–|
1 Option based awards are calculated based on Black-Scholes value at time of grant.
Additional information regarding our compensation programs and practices: