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