SUBJECT:
title
Approval of a resolution awarding President & CEO Dottie Watkins adjustment to base pay equal to 5% of her annual salary and a one-time performance achievement bonus equal to 10% of base pay based on her Fiscal Year 2024 annual performance review. The increases are awarded retroactively to October 1, 2024, in accordance with the Employment Agreement.
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FISCAL IMPACT:
Choose an item.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
Strategic Objectives:
? 1.1 Safe & Reliable Service ?1.2 High Quality Customer Experience ? 1.3 Accessible System
? 2.1 Support Sustainable Regional Growth ? 2.2 Become a Carbon Neutral Agency
? 2.3 Responsive to Community and Customer Needs ? 2.4 Regional Leader in Transit Planning
? 3.1 Diversity of Staff ? 3.2 Employer of Choice ? 3.3 Expand Highly Skilled Workforce
? 4.1 Fiscally Responsible and Transparent ? 4.2 Culture of Safety ? 4.3 State of Good Repair
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 also supports the Workforce goal and Employer of Choice Objective by rewarding performance that contributes to CapMetro's overall success.
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 Dottie Watkins and CapMetro.
COMMITTEE RECOMMENDATION: item will be presented to the full board on November 25, 2024.
EXECUTIVE SUMMARY: CapMetro's Employment Agreement with Dottie Watkins states that the Board of Directors shall review her performance annually based on performance ...
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