Bank Of Nova Scotia · TSX:BNS
Bank Of Nova Scotia — Shareholder Meeting (March 2019)
10 slides from Bank Of Nova Scotia's shareholder meeting presentation, Mar 6, 2019
Slide 1: Annual Meeting of Shareholders: Management Proxy Circular
ANNUAL MEETING OF SHAREHOLDERS April 9, 2019 Management Proxy Circular Building for the Future 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 Scotiabank. Table of Contents
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: We Are Highly Regulated
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 the two stock exchanges where our common shares are traded – the TSX an
Slide 4: Finding the right balance
Finding the right balance In the past year, the senior leadership team has made meaningful changes to position the bank for success over the long term. In particular, we have strengthened our core functions, and acquired new high-quality assets, talent and technology that will improve our competitiv
Slide 5: 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 annual, mid-term and long-term incentives. These incentives are variable and not guaranteed. We set perfo
Slide 6: 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 7: Ensuring Prudent Compensation Risk Management
Bank of Montreal ✓ ✓ CIBC ✓ ✓ Royal Bank of Canada ✓ ✓ TD Bank ✓ ✓ National Bank ✓ ✓ Manulife Financial ✓ Sun Life Financial ✓ Great-West Lifeco ✓ Scotiabank Table of Contents EXECUTIVE COMPENSATION ENSURING PRUDENT COMPENSATION RISK MANAGEMENT by balancing risk and reward in our compensation struct
Slide 8: About the Human Resources Committee
ABOUT THE HUMAN RESOURCES COMMITTEE The human resources committee has nine independent directors and average committee tenure of 4.5 years. None of the members has ever been a Scotiabank executive. All committee members bring extensive experience, acquired through their management involvement in pub
Slide 9: Sean D. McGuckin, Group Head and Chief Financial Officer
Management proxy circular Table of Contents SEAN D. MCGUCKIN, GROUP HEAD AND CHIEF FINANCIAL OFFICER
Slide 10: Performance comparator group and cost of management
Our performance comparator group includes Bank of Montreal, CIBC, Royal Bank of Canada, TD Bank, and National Bank. Total compensation includes base salary, the annual incentive plus the grant value of regular PSU and stock option awards for the top five named executives for the past five years (as
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