The CEOs of the 100 largest Canadian companies listed on the Toronto Stock Exchange saw their compensation go up 23 per cent in 2021. Some chief executives took home pay packages that were valued around in the tens of millions of dollars or more.

So how do boards of these publicly-traded companies decide on these huge sums? And what do the shareholders of these companies think of it all? David Milstead, The Globe’s Institutional Investment reporter, takes us inside the complex world of executive pay.

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