Bank Of Nova Scotia · TSX:BNS
Bank Of Nova Scotia — Shareholder Meeting (March 2020)
9 slides from Bank Of Nova Scotia's shareholder meeting presentation, Mar 4, 2020
Slide 1: Annual Meeting of Shareholders April 7, 2020 – Management Proxy Circular
Annual Meeting of Shareholders April 7, 2020 Banking the Americas Connecting Canada to the World Management Proxy Circular Your VOTE is important Please take some time to read this management proxy circular for important information about the business of the meeting and to learn more about Scotiaban
Slide 2: We Are a Corporate Governance Leader
Management proxy circular Table of Contents WE ARE A CORPORATE GOVERNANCE LEADER Scotiabank is committed to strong corporate governance practices and has a history of being at the forefront of leading practices. The corporate governance committee reviews our corporate governance approach every year
Slide 3: 2019 highlights
2019 highlights Scotiabank was again recognized by the Dow Jones Sustainability Index as being in the top 1% of global financial institutions in terms of corporate governance practices. The board: • appointed the bank’s third independent Chairman as part of the board’s succession plan • operationali
Slide 4: Reinforcing Accountability
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 variable compensation tied to short, medium and long-term performance and is not guaranteed. We set perfo
Slide 5: Share ownership requirements
Management proxy circular Table of Contents Share ownership requirements We require our executives to hold equity in the bank to make sure their interests are aligned with those of shareholders. Share ownership requirements vary by level, and our most senior executives must maintain their ownership
Slide 6: Ensuring Prudent Compensation Risk Management
Bank of Montreal ✓ ✓ Canadian Imperial Bank of Commerce ✓ ✓ Royal Bank of Canada ✓ ✓ TD Bank ✓ ✓ National Bank ✓ ✓ Manulife Financial ✓ Sun Life Financial ✓ Great-West Lifeco ✓ 1. Revenue and net income figures exclude one-time items as reported by the respective financial institution. Scotiabank Ta
Slide 7: About the Human Resources Committee
ABOUT THE HUMAN RESOURCES COMMITTEE The human resources committee has seven independent directors and average committee tenure of 4.3 years. None of the members has ever been a Scotiabank executive. All committee members bring extensive experience, acquired through their management involvement in pu
Slide 8: Rajagopal Viswanathan, Group Head and Chief Financial Officer
Management proxy circular Table of Contents RAJAGOPAL VISWANATHAN, GROUP HEAD AND CHIEF FINANCIAL OFFICER
Slide 9: Performance comparator group and cost of management
Our performance comparator group includes Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, TD Bank, and National Bank. Total compensation includes base salary, the annual cash incentive plus the grant value of regular PSU and stock option awards for the top five named exec
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