Human Resources and Compensation Committee

Chair:

  • Jean C. Monty

Members:

  • André Bérard
  • Martha Finn Brooks
  • Carlos E. Represas

All Human Resources and Compensation Committee members are independent.

Pursuant to its charter, this Committee has the mandate to oversee the succession planning for the President and Chief Executive Officer and a number of selected senior executives positions.

In addition, the Committee assesses the performance of the President and Chief Executive Officer, Mr. Pierre Beaudoin.

The Committee reviews and approves a total executive compensation policy that takes into account, among other things:

  • base salary,
  • short-term incentives,
  • mid-term and long-term incentives and
  • pension, benefits and perquisites.

It reviews the design of equity-based compensation plans with respect to the granting of stock options and PSUs or DSUs and makes appropriate recommendations to the Board for its approval.

The Committee reviews the salary classes as well as the levels and degrees of participation in incentive compensation programs whether bonuses or plans based on the evolution of the market performance of Bombardier’s shares.

The Committee reviews, on a quarterly basis, occupational health and safety matters and reports to the Board on them.

  • Main activities of the HRCC during the financial year ended December 31, 2012
    Meeting Main activities of the HRCC
    January, 2012

    Approval of:

    • the 2012 short-term incentive plan, and
    • the compensation and incentive plan risks.

    Review of:

    • the equity incentive plan,
    • the annual compensation cycle for the years 2012 and 2013, and
    • the draft executive compensation disclosure section of the 2012 management proxy circular.
    February, 2012

    Approval of:

    • the 2012 long-term incentive plans,
    • the 2012 salary increases for the President and Chief Executive Officer, each of the Group President and Chief Operating Officer, the Senior Vice Presidents of the Corporate Office, the President of Flexjet and the President of Bombardier
      China,
    • the 2011 short-term incentive payments,
    • amendments to the performance share unit plan, and
    • the executive compensation disclosure section of the 2012 management proxy circular.

    Review of:

    • the 2012 salary increases for the Presidents and Vice Presidents reporting to either Group/Flexjet Presidents or Senior Vice Presidents of the Corporate Office, and
    • the stock ownership guidelines report.
    May, 2012

    Review of:

    • the Human Resources key performance indicators,
    • the report on health and safety matters, and
    • the ethics and compliance activity report (with respect to human resources related matters only).
    August, 2012

    Approval of:

    • the stock option and performance share unit or deferred share unit grants pursuant to the 2012 mid-term and long-term incentive plans for the President and Chief Executive Officer, each of the Group President and Chief Operating Officer, the Senior Vice Presidents of the Corporate Office, the President of Flexjet and the President of Bombardier
      China, and
    • amendments to the performance share unit plan.

    Review of:

    • the stock option and performance share unit or deferred share unit grants pursuant to the 2012 mid-term and long-term incentive plans for the Presidents and Vice Presidents reporting to either Group/Flexjet Presidents or Senior Vice Presidents of the Corporate Office,
    • an analysis of performance indicators for short-term, mid-term and long-term incentives, and
    • a benchmarking of Bombardier’s pension plans in Canada and the United States for executives.
    November, 2012

    Review of:

    • the annual benchmarking with respect to the total compensation for selected senior executive positions,
    • an analysis of performance indicators for short-term, mid-term and long-term incentives,
    • the salary scales and budget increases for the 2013 financial year, and
    • the report on health and safety matters.
    On-going
    • Appointments (total compensation and other terms and conditions) and terminations (settlements) involving selected executives.
    • Amendments to current pension plans.
    • Private meetings of the HRCC members when circumstances so warrant.
    • Review of the stock option, performance share unit and deferred share unit grants pursuant to the 2012 mid-term and long-term incentive plans.

The "Remuneration of the Executive Officers of Bombardier" report below provides more information on Bombardier’s executive compensation policy.

Read the Remuneration of Executive Officers of Bombardier report

View the Human Resources and Compensation Committee charter