RISK MANAGEMENT AND GOVERNANCE
The Chair of the Board and the President and CEO are compensated in accordance with the terms of the Order-in-Council appointing them. The President and CEO receives an annual salary, while the Chair of the Board receives an annual retainer (from $14,500 to $17,100) and a per diem fee (from $565 to $665) for meetings, travel time and special executive, analytical or representational responsibilities.
The remuneration scheme for directors (other than the CEO and the Chair), established by a bylaw approved by the Minister of Canadian Heritage, can be summarized as follows:
Directors are entitled to receive only one meeting fee for each day (24 hours) even if they attend more than one meeting during that period.
Compensation data for CBC/Radio-Canada's Directors is summarized in Note 26 Related parties to the annual Consolidated Audited Financial Statements.