Executive and senior management compensation in Saskatchewan Crown Corporations is down nearly 18 per cent or $4.4 million in the past year, according to Crown Investments Corporation’s (CIC) 2018-19 Payee Disclosure Report submitted for CIC to the Standing Committee on Crown and Central Agencies today.

“By reducing executive and senior management compensation in Saskatchewan Crown Corporations by nearly 18 per cent, our government is working to ensure taxpayer dollars are going to the services that Saskatchewan people deserve,” said Joe Hargrave, Minister of Crown Investments. “Saskatchewan’s Crown sector supports the province’s overall economy by employing 11,200 Saskatchewan people with economic spinoffs that benefit Saskatchewan businesses, municipalities, and community groups.”

Total compensation in the sector was just over $1 billion.  Of that, executive and senior management compensation made up two per cent of the total.  2018-19 executive and senior management compensation was down nearly 18 per cent when compared to 2017-18 figures and included a reduction in positions from 86 to 75.

When compared to 2014, executive and senior management compensation is down 10 per cent.  The 2018-19 report shows that the Crown sector provided approximately $9.9 million in community support through grants, contributions, donations and sponsorships.

Municipalities received $20 million from the sector through grants-in-lieu of property taxes.  There was also $6 billion in payments to suppliers and others primarily for products and services.

The information is prepared in accordance with the Standing Committee’s guidelines established in 2003. The report lists the following detailed information for CIC and each of its subsidiary Crown corporations:

• ministerial and board member expenses;
• payments to suppliers for goods and services, as well as other payees who received more than $50,000;
• employees who received more than $50,000 in compensation; and
• grants, contributions, donations and sponsorships greater than $5,000.

The report is available on CIC’s website at www.cicorp.sk.ca in the Publications section.