BMO 2020 Global Metals Investment Conference . What is the salary of George Cope? The Canadian Imperial Bank of Commerce's chief executive Victor Dodig received roughly $10 million in total compensation in the 2018 financial year, up 6.5 per cent from a year earlier. Executives at the business group level are measured on the profitability of their areas of accountability. Advisory Vote to Ratify Named Executive Officers' Compensation Approve Share PlanGrant Elect Director AbstainA gainstF or with condition(s) of our support in the future AbstainA gainstF or 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Canada - Toronto, ON, Canada Area; United States . To Boldly Grow the Good in business and in life - is our Purpose at BMO . Bank of Montreal CDP Climate Change Questionnaire 2021 2 . Annual meeting 4/29/2020 The total disclosed compensation of Global Payments' CEO Jeffrey S. Sloan increased to $20,502,096 in 2019. Good morning, and welcome to the BMO Financial Group's Q1 2020 Earnings Release and Conference Call for February 25, 2020. In 2020, BMO made a very intentional decision to lead this change - as a financial institution, an employer and a corporate citizen. BMO Financial Group Reports Fourth Quarter and Fiscal 2020 Results Financial Results Highlights Fourth Quarter 2020 Compared With Fourth Quarter 2019: Net income4 of $1,584 million, up 33%; adjusted net income1 of $1,610 million, up $3 million from the prior year For the fiscal year, which began in November, 2019, BMO set Mr. White's "target pay" at $10.5-million, up from $10-million the year before. The ranking is based on a survey of 80,000 Americans working . BMO's other executive officers made the following in 2020: Thomas Flynn, chief financial officer, received total compensation of $3.5 million, down from $3.6 million in 2019 Dan Barclay, CEO and group head, BMO Capital Markets, saw his total compensation increase last year to $7.1 million, up from $6.5 million in 2019 In fact, adjusted earnings per share, for compensation purposes, was up 32.5 per cent (actual adjusted EPS was up . Average salary for BMO Financial Group Executive Assistant in Chicago: $74,993. Performance measures used to fund Australia Barbados Brazil Canada China France . 48 . This advertisement has not loaded yet, but your article continues below. Australia Barbados Brazil Canada China France . On comparing similar companies in the industry with market capitalizations above CA$11b . Good governance — executive compensation. 45 . change in 2020 Source: BMO GAM, as at 9 December 2020 although we agreed with the spirit of those requests, we . Julie Ann Garber is a Vice President and Senior Wealth Planning Consultant with BMO Private Bank. Time: 12:30-4:00 p.m. Central. BMO executives forecast that expense growth excluding variable compensation would increase about 2.5% in coming quarters, driven in part by a 3% salary hike for some employees that was communicated last week. $10,855,000. Meet our board of directors Chair of the Board George Cope Get to know George Cope, Chair of the Board at BMO since 2020. Pensions, Benefits & Executive Compensation Newsletter - August 2020. In 2020, almost 40% of our engagement was done in collaboration Pio nono: Although likely not of interest on an investment banking forum, the BMO USA commercial banking operation (the old Harris Bank), besides being a regional c&i lender in their local territory, punches way above their weight nationally on sponsor deals and large contractors. . Please take some time to read the executive summary and the more detailed discussions about governance at CP and our executive compensation program, including 2019 performance and decisions about executive pay for the year. BMO and Women Get On Board will be recognizing five (5) women across Canada who excel in and out of the boardroom. BMO Celebrating Women On Boards virtual event, March 9th from 4:00pm - 5:30pm ET. We all received an email from the CEO of the division explaining the layoffs. 22,576. Message from the Chair of the Human Resources Committee . our 2020 annual meeting of shareholders and the items you will be voting on at the virtual meeting. We have organized it into three sections to make it easy to find what . Prospect in IB - Gen. BMO 2020 Global Metals Investment Conference . Presented exclusively by Plante Moran, BMO Harris and Nixon Peabody . 2020 Food & Beverage Forum: Now Virtual. . BMO InvestorLine is a reputable online trading platform operated by one of Canada's Big Five banks. Value is based on $96.84, the closing price of BMO shares on the TSX on February 11, 2021. compensation of the named executives; 3. 2020 . 2020 - Chicago, IL Area. Your host for today is Ms. Jill Homenuk, Head of Investor Relations. This newsletter provides a summary of recent jurisprudential developments that affect pensions, benefits and executive compensation and is not intended to be legal advice. Performance measures used to fund Gori outearned the highest-paid bank CEO, Royal Bank of Canada's David McKay, who received $15.5 million in direct compensation in 2021. There are 14 executives at Bank of Montreal getting paid more, with Darryl White having the highest compensation of $10,849,800. Compensation Governance and Oversight . BMO Financial Group. September 22, 2019, 9:30 p.m. EDT 2 Min Read. ET. All non-employee directors in calendar 2020 chose to receive all of their compensation in DSUs. 2020 No C0.3 (C0.3) Select the countries/areas for which you will be supplying data. Your vote is important IB. Established in 1817, BMO Financial Group (BMO) is a highly diversified financial services provider based in North America. Meanwhile, Canada Life CEO Paul Mahon's total 2021 compensation was $9.1 million, up from $7.9 million in 2020 and $7.6 million in 2019, Great-West Lifeco Inc. reported March 21. Annual Meeting March 31, 2020 | Bank of Montreal Notice of Annual Meeting of Shareholders and Management Proxy Circular Your Vote Matters Choose to vote in one of three ways: ‰Vote online by visiting www.investorvote.com (registered shareholders, including BMO employ- ees) or www.proxyvote.com (non-registered shareholders) Executive Assistant (Former Employee) - First Canadian place - July 29, 2020. To transact such other business as may properly . Feb 3, 2020 - 8:53pm. Is there a link between executive compensation and accounti. 61 2020 CEO Pay Ratio 62 Equity Compensation Plan Information 63 Proposal 2 — Advisory Approval of the Compensation of the Named Executives Bank of Montreal CDP Climate Change Questionnaire 2021 2 . Questionnaire 2020 C0. He is a director of BMO Financial Corp., the bank's U.S. holding company. The new CEO of capital markets made it clear that hes focused on cutting costs . (2 from Western Canada, 2 from Central Canada and 1 from Eastern Canada)Kona Goulet, Head, Indigenous Equity & Inclusion at BMO Financial Group, will share both personal and professional . KeyCorp Chief Executive Chris Gorman received a 64% boost in total direct compensation in 2021, Washington Federal CEO Brent Beardall got a 60% raise, and Comerica CEO Curtis Farmer was awarded a 48% pay bump. business on February 11, 2020 (the record date), and are entitled to vote at our annual meeting. Subscribe. Photograph courtesy ConocoPhillips . BMO Private Bank. MILWAUKEE, Aug. 31, 2020 /PRNewswire/ - BMO Harris Bank has been recognized on Forbes Magazine's list of Best Employers in Wisconsin. Feb 3, 2020 - 8:53pm. On Tuesday, Yahoo Finance reported that BMO Capital Markets upgraded Canopy Growth (NYSE:CGC) (TSE:WEED) from "speculative market perform . "If there is an opportunity to take a charge that makes sense, that we can clearly communicate to our investors, we may consider that.". We think total compensation is more important but our data shows that the CEO salary is lower, at CA$1.0m. BMO will fund the transaction primarily with excess capital reflecting its strong capital position and anticipated capital . Director, Estate Settlement Services. Welcome to the 26 th issue of the Blakes Pensions, Benefits & Executive Compensation Newsletter. Total Pay . Management is soliciting your proxy for the shareholder meeting on April 7, 2020. State of BMO in 2020. Total compensation for "other material risk takers"—senior staff that have the power to expose the bank to large financial risk—was $242.8 million. Rating as of Apr 26, 2022. White's total target compensation for 2019 increased to $10 million "to position his compensation more competitively with the market," the circular said. $5,000. Darryl White serves as Chief Executive Officer, Director of the Company. It lets you invest in a number of different accounts and financial products. 52 reviews from BMO Financial Group employees about BMO Financial Group culture, salaries, benefits, work-life balance, management, job security, and more. Both banks saw their adjusted expenses creep up from a year ago, with Scotiabank's up 3%, and BMO's rising 2%. Darryl White was appointed Chief Executive Officer of BMO in 2017. Welcome to the 28 th issue of the Blakes Pensions, Benefits & Executive Compensation Newsletter. Aerial view of the first phase of the Surmont in situ oil sands project in northeast Alberta. Bank of Montreal (NYSE:NYSE:BMO) Q1 2020 Earnings Conference Call February 25, 2020 8:15 AM ET Company Participants Jill Homenuk - Head of Investor Relations Darryl White - Chief Executive. Jan. 29 2020, Published 9:55 a.m. Executive Summary Last year, BMO launched a similar program, dubbed Leaders Meet Directors, to let some of its rising stars interact with select directors. We are the eighth largest bank in North America by assets, The third installment of the ESG Thought of the Day series was around the 'G', which is rarely talked about but which, by many accounts is the most important. By Rajiv Nanjapla. It reflects the distinctive strengths, unique approach to business Morningstar Rating. . impacts of COVID-19 should be reflected in approaches to executive compensation for FY20 and beyond. Executive Compensation 39 40 . the Chief Executive Officer In these pages you will find BMO's Code of Conduct (Code) - the principles that guide our decisions, actions and the way we work at BMO. Join us on December 10th for an event filled with the great insights you've come to expect. Wallmine is a radically better financial terminal. Bank of Montreal Chief Executive Officer Darryl White says he still favors the U.S. for expansion over China, even with some of the world's biggest lenders clamoring to expand in Asia's . BMO's other executive officers made the following in 2020: Thomas Flynn, chief financial officer, received total compensation of $3.5 million, down from $3.6 million in 2019 Dan Barclay, CEO and group head, BMO Capital Markets, saw his total compensation increase last year to $7.1 million, up from $6.5 million in 2019 "ESG is a topic that will only increase in importance to this industry, and though the letter 'G' comes last, it's far from an afterthought," Dan Barclay, CEO of BMO Capital . 3.4 out of 5 . Power's 2020 Canadian Retail Banking survey. Good employer. RBC reported a $16.1-billion profit last year, up 40% from 2020. Wells Fargo & Co's (WFC.N) executive pay plan for 2020 received backing from only about 57% of investor votes on Tuesday, a narrow win for the company and the latest evidence of tougher scrutiny . Under the terms of the agreement, BMO will acquire Bank of the West for a cash purchase price of US$16.3 billion, or US$13.4 billion net of estimated US$2.9 billion of excess capital (at closing) at Bank of the West. 5 "Blackrock Toughens Climate Change Stance; Fundamental Reshaping of the Future", National Post, January 15, 2020. Learn More Executive Committee Senior Executives Darryl White . Good employer good culture . When factoring in bonuses and additional compensation, a Executive Assistant at BMO Financial Group can expect to make an average total pay of $77,999 per year. Gori outearned the highest-paid bank CEO, Royal Bank of Canada's David McKay, who received $15.5 million in direct compensation in 2021. As Associate General Counsel and Director of pensions, employment law and executive compensation, I advise on: pension plan investments, administration and pension plan and fund governance and fiduciary duties; employment law matters involving policy development . . bank results, compensation for executives, financial returns to shareholders, and our commitment to pursuing growth responsibly and sustainably. A Bank of Montreal president says the incident involving a 12-year-old Indigenous girl and her grandfather who were handcuffed by police after trying to open a bank account is "a mess from start . Featured review BMO Financial Group selected this as a . 3 "Bombardier under fire over ex-CEO's pay; $17.5M package", National Post, June 6, 2020. The following is the Human Resources and Management Compensation Committee's report on executive compensation, which covers approximately 290 Bank of Montreal executives. Bank of Montreal (NYSE:NYSE:BMO) Q2 2020 Earnings Conference Call May 27, 2020, 07:15 ET Company Participants Jill Homenuk - Head, IR Darryl White - CEO & Director Thomas Flynn - CFO. BMO's executive compensation design links to both bank and operating group performance. This 21% increase from his 2018 pay of $16,818,560 came despite significant levels of opposition to a pay increase from shareholders the prior year. Hanny Pei-Rodriguez. 40 Executive Compensation 40 ITEM 3: Advisory Resolution to Approve Executive Compensation (Say-on-Pay) 40 Compensation Discussion and Analysis 41 Executive Summary 43 Say-On-Pay 45 Compensation Programs 49 2020 Annual Target Direct Compensation 49 Settlement of LTIA granted in January 2017 51 Discouraging Imprudent Risk Taking 52 Stock . Ranked 13th overall and first among major Canadian banks, BMO received top-quartile scores in Clean Investment, board gender diversity and executive diversity. This document tells you about the meeting, governance and executive compensation at Scotiabank. For 2021, BMO set a target that earnings per share would shrink by 3.9 per cent. with total assets of $880 billion as of january 31, 2020, and a team of diverse and highly engaged employees, bmo provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and commercial … White will succeed Bill Downe as BMO's . It also received a top-quartile Clean Revenue score driven by its support for women-owned businesses, community development, on-reserve housing loans, renewable energy loans and . Compensation/Benefits. . with total assets of $1.02 trillion as of january 31, 2022, and a team of diverse and highly engaged employees, bmo provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: personal and … and anticipated capital costs in connect ionwith, approvals, consents and permits under applicable legislation; our executive compensation policy, approach and practice; our relationship with community stakeholders; litigation matters; environmental matters; our effective tax rate and the . Most of the banks said they expect adjusted expense growth to fall to 2-3 per cent in 2020, from about 5 per cent in 2019. for customer satisfaction with retail banking advice in J.D. March 10, 2020 01:21 PM This bank's CEO wasn't paid like one—until now Toronto-based BMO Financial Group doesn't usually pay the CEO of its Chicago subsidiary enough to crack its list of top five. CEO Name. BMO reports that management compensation for oil sands companies is well below the global average. A restructuring charge "is always a possibility," said CIBC CEO Victor Dodig. Other. Hi all, . It awarded Mr. White $9.265-million in "total direct. Hanny Pei-Rodriguez joined BMO Harris Bank, Estate Settlement Services in 2020, coming from another large financial institut…. 2020 No C0.3 (C0.3) Select the countries/areas for which you will be supplying data. It also provides a wide array of educational and research tools to help you learn how to use the platform and make informed choices about your investments. 22,576. Inflation Fixation - Monthly Roundtable. Lee "Executive Compensation A Complete Guide - 2020 Edition" por Gerardus Blokdyk disponible en Rakuten Kobo. ESG contributions are also considered. Mr. White first joined the Bank's investment and corporate banking team in 1994. That's why we're accelerating initiatives to eliminate barriers to inclusion in our workforce and create meaningful and lasting change. Introduction C0.1 (C0.1) Give a general description and introduction to your organization. Executive Assistant (Former Employee) - First Canadian place - July 29, 2020. Excluding . 60 . $77,999. Bank of Montreal, Canada's fourth-largest lender, awarded Chief Executive Officer William Downe $9.22 million in 2012 compensation, a 6.8% drop from a year earlier, after the bank missed some financial targets. Featured review BMO Financial Group selected this as a representative review. Markets like smooth transitions when successful corporations undergo leadership changes, and BMO ( BMO.TO) telegraphed this one clearly last year when Darryl White became chief operating officer. Location: Virtual Event. BMO's executive compensation design links to both bank and operating group performance. Ranked 13th overall and first among major Canadian banks, BMO received top-quartile scores in Clean Investment, board gender diversity and executive diversity. Pio nono: Although likely not of interest on an investment banking forum, the BMO USA commercial banking operation (the old Harris Bank), besides being a regional c&i lender in their local territory, punches way above their weight nationally on sponsor deals and large contractors. Quote Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation Operating . March 2, 2020 Noticeof2020AnnualMeetingofShareholders andManagementInformationCircular Annual Meeting of Shareholders Tuesday, May 5, 2020 Flanagan Terminal CEO Pay Ratio. change in 2020 Source: BMO GAM, as at 9 December 2020 although we agreed with the spirit of those requests, we . As the Chairman of the Board of Bank of Montreal, the total compensation of George Cope at Bank of Montreal is $230,000. TORONTO, Aug. 24, 2021 /PRNewswire/ - For the third quarter ended July 31, 2021, BMO Financial Group (TSX:BMO) (NYSE: BMO) recorded net income of $2 ,275 million or $3.41 per share on a reported . . Compensation Oversight Committee and . Margaret Kerins along with Ian Lyngen, Ben Reitzes, Greg Anderson, Stephen Gallo, Dan Belton and Ben Jeffery from BMO Capital Market's FICC Macro Strategy team bring you their thoughts on the current market tug of war between growth versus inflation risks as the Fed, and many other central banks, are . This year's Food & Beverage Forum has gone virtual. Contributing to the decisions relative to incentive compensation are contributions to productivity challenges and more specifically, the ongoing control over expenses. The rest of McKay's compensation came from performance deferred share units and stock options totalling almost $10 million. Toronto, Ontario, Canada. For its 2020 fiscal year, JPMORGAN CHASE & CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Wednesday, September 2, 2020 Aug 26, 2020 SEATTLE , Aug. 26, 2020 / PRNewswire / -- Devin Stockfish, president and chief executive officer of Weyerhaeuser Company (NYSE: WY), will represent the company at the upcoming BMO 2020 Real Assets Virtual Conference on Wednesday, Sept. 2, 2020 . on June 10, 2020, 10:09 pm MDT. Julie Ann provides customi…. CEO Pay. Responsible Investment 2020 Review 3 BMO Global Asset Management 2 BMO Global Asset Management Growing the Good The COVID-19 pandemic has changed much about the way . He serves as a director of BMO Financial Group as well as its U.S. subsidiary, BMO Financial Corp. . Advisory Vote to Ratify Named Executive Officers' Compensation Approve Share PlanGrant Elect Director AbstainA gainstF or with condition(s) of our support in the future AbstainA gainstF or 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% STAY THE HELL AWAY FROM BMO. This newsletter provides a summary of recent jurisprudential developments that affect pensions, benefits and executive compensation and is not intended to be legal advice. 4 "Some Big Names Out in New BMO ESG ETFs; Eight Funds", National Post, January 21, 2020. 6 "Now is the right time to . In 2020, total compensation for BMO's 11 senior executives—including salary and all other benefits—came out to $47.7 million. For the past 10 years, BMO Financial and its Chicago subsidiary BMO Harris Bank have run a program that introduced directors to the top executives at the bank. BMO's Approach to Executive Compensation . She also chairs the U.S. Meanwhile, Canada Life CEO Paul Mahon's total 2021 compensation was $9.1 million, up from $7.9 million in 2020 and $7.6 million in 2019, Great-West Lifeco Inc. reported March 21. . Total Compensation. and anticipated capital costs in connect ionwith, approvals, consents and permits under applicable legislation; our executive compensation policy, approach and practice; our relationship with community stakeholders; litigation matters; environmental matters; our effective tax rate and the . We are committed to advancing racial equality in our bank by: • Putting our Darryl White is Chief Executive Officer of BMO Financial Group and was appointed in 2017. Date: December 10, 2020. The number has increased this year as it includes additional equivalent executive positions in the subsidiaries. BMO. TD Bank Group CEO Bharat Masrani received $13.4 million in direct compensation, $1.6 million more than his target and up from $10.4 million in 2020. Ms . The executive bios outline each member's professional experience, term of office, committee memberships and directorships. While most bank CEOs got pay hikes last year, the raises were bigger for some than others. Bank of Montreal - Stock Executive. Reviews from BMO Financial Group employees about Job Security . Compensation is not there on bonus, hours are crazy, and culture is a mixed bag. For additional information or to discuss how any aspect of these developments . It also received a top-quartile Clean Revenue score driven by its support for women-owned businesses, community development, on-reserve housing loans, renewable energy loans and . Jan 2021 - Present10 months. The table below shows the total share ownership of our non-employee directors. 3. Job Security/Advancement. To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm; and 4. Is executive compensation tied to environmental performance? 3.5 out of 5 stars for Compensation/Benefits. 3.4. Additionally, oil sands companies have . BMO reported net income of $5.4 billion in 2018, up 2% from the previous year, and customer experience scores improved across the board, the document said. BMO Global Asset Management: A larger percentage of the . Investors yawned at Bank of Montreal's CEO succession announcement Friday - and that's a good thing.