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Fed’s bank ordered to reveal secret bonus payments to execs

The Commons transport committee in an 11-0 vote Tuesday ordered the bank to surrender details of confidential million-dollar bonuses to executives

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The Canada Infrastructure Bank is going to have to ‘fess up.

The Commons transport committee in an 11-0 vote Tuesday ordered the bank to surrender details of confidential million-dollar bonuses to executives, said Blacklock’s Reporter.

MPs have being trying to get their hands on the information for a year.

“There are millions of dollars that have been paid to executives and to others who are no longer with the organization,” said New Democrat MP Taylor Bachrach (Skeena-Bulkley Valley, B.C.), sponsor of the disclosure motion.

“I think the Canadian public deserves to know where those dollars went, and how many of those dollars were performance bonuses for performance that didn’t exist.”

Cabinet tabled a report in the Commons last May 26 saying the board approved a schedule of lavish bonuses at the taxpayer-owned bank in Toronto.

Former CEO Pierre Lavallée was paid a $600,000 salary with eligibility for bonuses up to 185 per cent, a total $1.1 million.

Lavallée abruptly resigned last April 3. The Bank – which employs 80 people – is currently on its third CEO in a year, and its second chair of the board.

Bachrach told the transport committee there has been an “utter failure of the Canada Infrastructure Bank to deliver on any of its promises” while posting a bonus schedule for executives.

Bachrach’s motion compelled the bank to disclose “all documents detailing the bonus policies and payment of bonuses to executives and the board of directors since the Bank’s inception” in 2017.

“Most organizations, if you provide performance bonuses, will have some sort of policies guiding those bonuses, and I think it would be very interesting to know what those policies are,” said Bachrach.

“And secondly, any documents detailing whether or not performance bonuses were provided to the outgoing personnel involved at the Canada Infrastructure Bank.

“The people who are no longer with the organization left with compensation. We should know why, because frankly I don’t think the performance of the Bank to date has warranted bonuses. I think many Canadians would share that view.”

The Bank has never divulged actual pay to individual executives but in its last annual report said it paid $3.4 million to management and $3.8 million in “termination benefits.”

Annie Ropar, chief financial officer for the Bank, told the Commons finance committee June 22 bonuses were confidential.

“Unfortunately I cannot comment on a specific individual’s payments or terms,” testified Ropar.

“That is subject to confidentiality obviously of their employment agreement.”

“Well, that’s unacceptable,” said Conservative MP Pierre Poilievre (Carleton, Ont.).

“I can tell you every member of this committee has their compensation disclosed. The chairman has compensation, all of us as MPs have different compensation. Everybody knows what we’re paid.”

MPs are paid $182,600 a year. Committee chairs are paid $195,100 while parliamentary secretaries are paid $200,400.

Dave Naylor is the News Editor of the Western Standard
dnaylor@westernstandardonline.com
Twitter.com/nobby7694

Dave Naylor is the News Editor of the Western Standard and the Vice-President: News Division of Western Standard New Media Corp. He has served as the City Editor of the Calgary Sun and has covered Alberta news for nearly 40 years. dnaylor@westernstandardonline.com

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Vaccine passports now mandatory in Alberta

In place of a vaccine passport, a negative test result from a privately-paid rapid test within 72 hours of service will be adequate or a person will need to show a valid medical exemption.

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The Alberta government’s new vaccine mandates for businesses, entities and events are in effect.

Each organization must follow one of two options: implement the Restriction Exemption Program (REP) requiring proof of vaccination or negative test result, plus mandatory masking, to continue operating as usual, or comply with all public health restrictions as outlined in Order 42-2021.

In place of a vaccine passport, a negative test result from a privately-paid rapid test within 72 hours of service will be adequate or a person will need to show a valid medical exemption.

The REP allows operators to avoid the majority of public health restrictions with the implementation of a proof of vaccination program, although vaccine requirements for staff are at the employer’s discretion. Face mask mandates are still required in all indoor spaces.

The program doesn’t apply to those under 12 years of age and businesses that need to be accessed by the public for daily living purposes, including all retail locations. As well, employees, contractors, repair or delivery workers, volunteers or inspectors will be permitted access to spaces without requiring a vaccine passport.

To enter spaces participating in the REP, adults need to provide valid photo identification that matches their paper or digital vaccine record showing name, vaccine type and date of administration. From now until October 25, proof of partial vaccination (one dose) will suffice, however after that date, proof of full vaccination (two doses) will be required. Those under 12 will only need to show vaccination paperwork.

Indoor entertainment, event and recreation facilities that don’t implement the REP will be limited to one-third capacity of their fire code occupancy and attendees must be in household cohorts or with up to two close contacts if they live alone.

Outdoor events and facilities have no capacity restrictions, but attendees must maintain a two-metre distancing between households.  

Restaurants that don’t follow the REP cannot offer indoor dining, and outdoor dining will be limited to six people per table from one household, and liquor sales will have to end by 10 p.m. with consumption cut off by 11 p.m.

Retail, shopping malls and food courts aren’t eligible for the REP, therefore will be reduced to one-third capacity of fire code occupancy and are required to stop all in-person dining, switching to take out only.

Indoor private social gatherings will be permitted for those that are vaccinated to a maximum of two households up to 10 (vaccine eligible) vaccinated people. There are no restrictions for children under 12. For those who are unvaccinated, indoor social gatherings are not permitted.

Private outdoor social gatherings are limited to a maximum of 200 people who are socially distanced.  

Churches will be limited to one-third of fire code capacity and masks and social distancing are still mandatory in places of worship.

Employees are mandated to work from home unless their physical presence is required for their duties.

Proof of vaccination will not be required to enter a polling place for Monday’s federal election although physical distancing, masking and other transmission reducing measures will be in place.

For more information on the Restriction Exemption Program, click here.   

Risdon is a reporter at the Western Standard
mrisdon@westernstandardonline.com

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Hockey arena backs down on banning unvaccinated kids

Within hours of the Western Standard posting the exclusive story, Oaten was contacted by the SLSFSC and advised of an update to their policy.

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Public pressure has brought minor hockey out of the penalty box in Cochrane.

Following an exclusive story by the Western Standard on Saturday, along with mounting pressure from the community, a Cochrane sports facility has revamped its vaccine passport policy.  

The Cochrane Minor Hockey Association (CMHA) and Hockey Alberta were not mandating a vaccine passport system, but Spray Lake Sawmills Family Sports Centre (SLSFSC) announced it would be requiring proof of vaccine status for anyone 12 and up.

Within hours of the story being posted, CMHS President Cory Oaten was contacted by the SLSFSC and advised of an update to their policy with this statement: “Youth between the ages of 12 (vaccine eligible) to 18 years of age are exempt from the REP vaccination requirement to enter the facility for the purpose of participating in a youth organized sport organization. Examples include (but not limited to) Cochrane Minor Hockey, Ringette, Cochrane Minor Soccer, Lacrosse, Cochrane Figure Skating Club, Comets, Junior Lifeguard Club, etc.”

Although youth may access the facility without being vaccinated, all adult spectators, coaches, volunteers and organizers of any youth activity “must show proof of vaccination, proof of a negative test, or medical exemption to gain entry to SLSFSC premises.”

“Although this helps our kids get on the ice in Cochrane, it’s still an issue at lots of other facilities, especially in larger facilities in Calgary and Airdrie,” Oaten said.

Oaten, who works in the insurance industry, points out the “huge liability issue” this poses to his and other sports organizations.

“Originally, Spray Lakes pushed us to collect this medical documentation from our members,” he said.

The CMHA board consists of 18 volunteer members.

“They can’t put those expectations on a board of volunteers. It’s a big legal issue for us,” Oaten said, adding he and his board refuse to take responsibility for requiring proof of vaccine or the collection of their members’ private medical information.

Oaten was informed the SLSFSC will now have its own security checkpoints set up in the facility and will take responsibility for checking the vaccine status of anyone 18-plus entering the building.

Oaten anticipates families will still pull their kids from hockey and other sports programs as those who remain unvaccinated will not be permitted in the facility to accompany their child.

Hockey Alberta stated on their Facebook page they are working with the Alberta government on how last Wednesday’s announcement will affect hockey for Alberta players. Oaten has asked his members to hold off on making a decision to pull their child from the program until Hockey Alberta comes forward with their updated season plan.

The Western Standard reached out to the SLSFSC for comment but did not hear back in time for publication.

Risdon is a reporter for the Western Standard
mrisdon@westernstandardonline.com

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