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Collingwood calling on Collus Powerstream to divulge salaries of executives, employees

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In Collingwood
Feb 4th, 2016
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Deputy Mayor Brian Sanderson

By John Edwards  Collingwood Connection

Salaries paid to executives and employees of Collus Powerstream may soon be divulged, after Collingwood council passed a motion, Wednesday, asking for the information.

While Collus Powerstream – and Collus prior to that – are publicly-owned, the companies fall under the Ontario Business Corporations Act and are therefore have never been subject to the province’s Public Sector Salary Disclosure Act.

Collingwood Council passed a shareholders’ directive on Wednesday, requesting a host of information from Collus Powerstream as part of the development of a new shared services agreement.

Council met for three hours behind close doors, discussing with the solicitor about the agreement.

The town is also looking for a list of all employees, salaries and bonuses paid to employees over the last 10 years; an organizational chart; any bonuses paid to officers; employment reviews; all other compensation; and policies and procedures relating to compensation.

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