CIRA CEO Compensation disclosure (1.Viewing)

There has been some discussion on having CIRA disclose the CEO compensation (salary, benefits, severance package, etc.) CIRA members passed a motion at the Sep 2020 CIRA AGM for full disclosure. if interested and you agree, you can sign the petition https://chng.it/qhCsLgLf (just once please)

CIRA would have its members believe that they know best and act in the best interests of CIRA - as they must. You be the judge.
They talk about a multi stakeholder model, but can't name a single stakeholder that would object other than the CEO and the Board - of 12 or 15, take your pick.

CIRA members need to know if the Board they elected is doing its job. Disclose CEO compensation so that members can decide for themselves rather than have the Board self congratulate itself.

CIRA must be open and transparent. What are they hiding?

So let me ask a question Alex

If the CEO makes 100k or 500k what does it change?

At this point CIRA is a profitable company who has been tasked with keeping our domains safe and generally I would say that has been the case.

The discussion should be more like where are the profits going and what programs have been put into place to use the profits to their maximum potential.

CEO compensation has ALWAYS been a volatile subject where most corporations argue you get what you pay for and indeed sometimes you get a ceo that completely change the structure and profitability of a company. Microsoft comes to mind where Steve Ballmer was not the most proficient CEO but Sundar Pichai is probably worth every cent he gets. Sure one would look at his earnings and say no one person deserves that much money but when you see what he has actually done for the company the picture changes quite rapidly.

So my question would be more along the line of, has the CEO made positive changes, has the company flourished under his tenure? If the answer is yes then chances are he deserving of the compensation and the market decides what competent CEO's will earn. Remember one has to hire a new one if the old one steps aside so to entice talent one has to offer proper compensation thereof.

You make some very interesting points.

I am not saying that I alone decide what that compensation should be, just that members should know so they can make their own decision as to whether the Board is doing its job. Having been in IT for several decades, running a much bigger organisation than CIRA, with HQ in Ottawa, I have an idea, but it is not for me to decide.
• The Board Chair said that she had comparative studies but did not show those studies to the Board.
• She quoted that Mercer said the CEO compensation should not be disclosed but we don’t know what questions Mercer were asked, nor what their answers were. All we – members – know is what the Board Chair has said.
• Frankly I have heard stuff from CIRA, especially during the past month, that questions their truthfulness (personal opinion)

Do you know that 90% of the revenue comes from managing the registry and that the remainder comes from 6 or so products for a total of about $3 m in revenue? Those stats are for the CEO in his 14th year. Some members may say Wow, impressive? Others might have another opinion. While you may argue that the registry business of “.ca” is strictly not a monopoly, CIRA does have an exclusive license as long as it operates the resource on Canada’s behalf. Of course Google argues that it too does not have a monopoly as does Microsoft, Apple, etc.

For example, Bryce Conrad CEO at Ottawa Hydro – a company with over 1,000 employees and revenue of $1.3 billion (page 95 of the Annual Report) earned - $402, 583 in salary and another $44,826 in other compensation. Is $450 k too little, too much or just right?

The CIRA Board spends about $500k – salary and expenses - each year. I think that members should know that (and now they do) to determine if they are getting value.

All I am saying, given that CIRA is a Not For Profit, that its members should know.

Have you heard about the baseball player who found himself on 2nd base in extra innings, acting as though he had just hit a double and asking for applause from the crowd?

furthermore
According to research from the University of Cambridge a highly paid CEO actually hurts an organization. “A higher pay makes leaders believe they’re always right—that’s why they are paid so much. It unconsciously clouds their judgment. They become overconfident on their plans and ideas”.

Alex B said:

The CIRA Board spends about $500k – salary and expenses - each year.  I think that members should know that (and now they do) to determine if they are getting value.

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How many employees at Cira?
$500,000 isn't a lot especially when you divide it among a few employees.