In accordance with Standard 15 of the Financial Stability Board’s Principles for Sound Compensation Practices and Implementation Standards and Basel Committee on Banking Supervision’s Pillar 3 disclosure requirements, the tables below summarize aggregate quantitative information on compensation paid or awarded to 17 Senior Officers (which includes fees paid to members of the Board of Directors), and 10 other employees who could have material impact on Great-West Life’s risk exposure (“Material Risk Takers”).
Compensation amounts reflect services rendered to The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company and their respective subsidiaries.
2017 compensation awards
Senior Officers (Unrestricted)
Senior Officers (Deferred)
Material Risk Takers (Unrestricted)
Material Risk Takers (Deferred)
Salary (Fixed compensation)
Other (Fixed compensation)
Cash-based (Variable compensation)
Share units (Variable compensation)
Stock options* (Variable compensation)
* Option based awards are calculated based on Black-Scholes value at the time of grant.
Senior Officers (Unvested)
Senior Officers (Vested)
Material Risk Takers (Unvested)
Material Risk Takers (Vested)
Calendar year payouts
Additional information regarding our compensation programs and practices: