1. That Markham Enterprises Corporation (MEC) Directors (excluding Directors cross-appointed to Markham District Energy Inc. or Alectra or any successor or future business corporations) be compensated as follows:
(a) Directors - $6,000 per annum
(b) Chair – an additional $4,000 per annum
(c) Vice-Chair – an additional $1,500 per annum
(d) Meeting per diem - $500 per meeting, to a maximum of 16 meetings inclusive of any sub-committee meetings;
2. That the compensation increase for MEC Directors be retroactive to January 1, 2021; and,
3. That the cost of the increases be funded through the MEC budget; and further,
4. That Staff be authorized and directed to do all things necessary to give effect to this recommendation.