Bank Of Nova Scotia · TSX:BNS
Bank Of Nova Scotia — Shareholder Meeting (March 2015)
7 slides from Bank Of Nova Scotia's shareholder meeting presentation, Mar 5, 2015
Slide 1: Annual and special meeting of shareholders
Canada’s most international bank Annual and special meeting of shareholders April 9, 2015 § Scotiabank
Slide 2: Important things to know: corporate governance
Management proxy circular Table of Contents Important things to know WE ARE HIGHLY REGULATED Our corporate governance policies and practices are regulated by the Office of the Superintendent of Financial Institutions (OSFI), the Bank Act, the Canadian Securities Administrators (CSA), the SEC, and th
Slide 3: 2014 CEO compensation
2014 compensation 2014 target 2013 compensation Total direct compensation $ 8,870,000 $ 8,000,000 $ 7,050,000 % variable 89% 88% 89% You will find a detailed discussion of Mr. Porter’s 2014 compensation starting on page 64. In brief, the committee is very pleased with his strong contribution in his
Slide 4: Reinforcing accountability: aligning compensation with performance
Management proxy circular Table of Contents REINFORCING ACCOUNTABILITY by clearly aligning compensation with individual and corporate performance Most of what we pay our executives is awarded as annual, mid-term and long-term incentives. These incentives are variable and not guaranteed. We set perfo
Slide 5: Share ownership requirements
Share ownership requirements Our executives are required to hold Scotiabank equity to make sure their interests are aligned with those of our shareholders. Share ownership requirements vary by level, and our most senior executives must maintain their ownership for a period of time after they retire.
Slide 6: About the human resources committee
ABOUT THE HUMAN RESOURCES COMMITTEE The human resources committee has six independent directors. None of the members has ever been a Scotiabank executive. Average committee tenure is 6.2 years. On the committee since John Kerr (chair) 2004 Ronald Brenneman 2004 Thomas O’Neill 2014 Aaron Regent 2014
Slide 7: Peer group and cost of management
Our peer group includes Bank of Montreal, CIBC, Royal Bank of Canada, TD Bank, Manulife Financial, Sun Life Financial and Power Financial Corporation (see page 49 for more information about our performance comparator group). We have indexed total compensation to $100 for comparison purposes. It incl
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