Human Resources and Compensation Committee

Chair:

  • Jean C. Monty

Members:

  • Martha Finn Brooks
  • Patrick Pichette
  • Carlos E. Represas

All Human Resources and Compensation Committee (HRCC) members are independent.

The current members each have experience in executive compensation as either:

  • a former chief executive officer of a publicly-traded corporation,
  • a senior executive officer who had executive responsibility for very sizeable businesses or
  • a member of a compensation committee of a publicly-traded corporation.

Furthermore, all members have experience in human resources having actively supervised human resources departments and assessed performance with respect to human resources and executive compensation policies and practices. The Board believes that the members of the HRCC collectively have the knowledge, experience and background required to fulfill their mandate.

Pursuant to its charter, the HRCC reviews, reports and, where appropriate, submits recommendations to the Board regarding the succession planning for the position of President and Chief Executive Officer of Bombardier and executives reporting to him, including NEOs. In addition, it ensures that the President and Chief Executive Officer has put in place and is monitoring succession planning systems and policies for senior executive positions.

The HRCC also reviews and recommends to the Board the appointment of the President and Chief Executive Officer and those executive officers reporting to him.

The HRCC reviews

  • occupational health and safety matters on a quarterly basis, and
  • a 12-month consolidated Ethics and Compliance activity report on human resources issues and ensures that monitoring is in place regarding social issues such as employment equity, harassment and discrimination.

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

  • base salary,
  • short-term incentives,
  • long-term incentives and
  • pension, benefits and perquisites, as well as risks associated therewith.

It reviews the design of equity-based compensation plans and makes appropriate recommendations to the Board for its approval.

The HRCC also assesses the performance of the President and Chief Executive Officer against his objectives set at the beginning of each financial year and in light of such factors deemed appropriate and in the best interests of Bombardier, and it then submits its recommendations to the Board.

The HRCC is also responsible for compensation governance and in that respect, it

  • ensures, via the human resources key performance indicators, that appropriate human resource policies, procedures, practices and systems are in place to attract, motivate and retain the qualified personnel required to meet Bombardier’s business objective,
  • reviews all aspects of the executive stock ownership guidelines, including compliance therewith,
  • reviews the compensation disclosure analysis in Bombardier’s management information circulars,
  • monitors compensation trends and emerging issues and
  • selects and manages the HRCC’s independent compensation consultants, qualifications and fees.

The Executive Chairman of the Board of Directors, Mr. Pierre Beaudoin, the President and Chief Executive Officer, Mr. Alain Bellemare, and the Senior Vice President, Human Resources and Public Affairs, Mr. John Paul Macdonald, attend the meetings of the HRCC. They do not have the right to vote on any matter before the HRCC. They do not participate in discussions concerning their own compensation and are required to leave the meetings when appropriate.

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