SUBJECT:
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Approval of a resolution awarding President & CEO Randy Clarke an adjustment to base pay equal to 4% of his annual salary and a one-time performance achievement bonus equal to 8% of base pay based on his 2021 annual performance review. The increases are awarded retroactively to October 3, 2021 in accordance with the Employment Agreement.
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FISCAL IMPACT:
Funding for this action is available in the FY2022 Operating Budget.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Internal/External Customer Service Excellence ? 2. Stakeholder Engagement
? 3. Financial and Environmental Sustainability ? 4. Staff Development ? 5. Agency Growth Management
Strategic Objectives:
? 1.1 Safety & Risk ?1.2 Continuous improvement ? 1.3 Dynamic Change
?1.4 Culture of Innovation ?2.1 Be an Employer of Choice ?2.2 Organization Development
?2.3 Organization Culture ?3.1 Resource optimization ?3.2 Safety Culture
?3.3 Environmental Leadership ?4.1 Educate & Call to Action ?4.2 Build Partnerships
?4.3 Value of Transit ?4.4 Project Connect
EXPLANATION OF STRATEGIC ALIGNMENT: The performance goals established by the board for the President & CEO are aligned with the goals in the Strategic Plan. The board's annual evaluation and specific action on the President & CEO's performance enhances organizational development and employee reward programs by linking compensation to the accomplishment of Capital Metro's strategic plan.
BUSINESS CASE: The evaluation by the Capital Metro Board of Directors of the President & CEO's performance meets the requirement of the President & CEO Total Compensation Policy and the Employment Agreement between Randy Clarke and Capital Metro.
COMMITTEE RECOMMENDATION: This item will be presented to the full board on December 17, 2021.
EXECUTIVE SUMMARY: Capital Met...
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