Earlier, we were the first to report on the provincial government's controversial decision to appoint Independent Contractors and Businesses Association of British Columbia president Philip Hochstein to Port Metro Vancouver's board. So how much will Mr. Hochstein, a key Campbell administration ally, be making in that position? Well, last year, those who served a full-year on the authority's board - excluding the chair - earned between $44,000 and $54,000. That compensation includes a $500 per committee meeting fee, a $1,000 per regular board meeting fee and a minimum annual retainer of $15,000. The following is a complete copy of the compensation structure.
The directors of Vancouver Fraser Port Authority are entitled to receive an annual fee for acting as a director on the Board and as a Chair for each committee served, plus a fee for each Board and committee meeting attended. The fees are outlined in the table below. In addition, directors are reimbursed for travel and other expenses incurred for attendance at Board, committee meetings, and other approved activities on behalf of the Board.
Regular Board service:
Annual Chair retainer $100,000
Annual Vice Chair retainer $22,000
Annual Member retainer $15,000
Meeting fee $1,000
Annual Audit Chair retainer $7,000
Annual Chair retainer $5,000
Meeting fee $500