The Government of Saskatchewan announced that it will be reducing compensation for Crown Corporation executives. Crown CEOs and Vice-Presidents will their salary holdbacks reduced by just over 66 percent., with Crown Investments Corporation (CIC) executive seeing their holdbacks eliminated entirely. Crown Investments Minister Don Morgan says the province doesn’t think it’s fair to offer big […]
Saskatchewan’s Crown corporations delivered strong financial results in 2019-2020 despite significant economic challenges. The Crowns recorded a net income of $435.4 million, contributing $350 million to the province’s General Revenue Fund. Crown Investments Corporation Minister Joe Hargrave says that, for the Crowns to show positive numbers in a year like this, shows just how strong […]
The provincial government says Saskatchewan’s Crown sector saw another strong fiscal year. The CIC saw net earnings of $540.6-million, an increase of $37.6-million from last year, and provided a 25 percent increase of dividends to the government. “Across Canada, Saskatchewan’s Crown sector has no equal and these strong financial results are proof this model works,” […]
