This online version is for convenience; the official version of this procedure is housed in the University Secretariat. In case of discrepancy between the online version and the official version held by the Secretariat, the official version shall prevail.
Approving Authority: Board of Governors
Original Approval Date: June 7, 2018
Date of Most Recent Review/Revision: N/A
Administrative Responsibility: University Secretariat
Applies to the Executive Leadership Team (ELT), including all Vice-Presidents (or equivalent level positions), and the President and Vice-Chancellor (the President).
2.1. Facilitate the alignment of executive goals with institutional mission, vision, values, guiding principles and strategic priorities.
2.2. Emphasize accountability and measurable outcomes.
2.3. Support the development of executive leaders, focusing on the leadership competencies that are critical to Laurier’s success.
2.4. Facilitate regular, future focused conversations to drive performance.
2.5. Provide a mechanism for the Board to have an appropriate line of sight to executive performance.
2.6. Provide a mechanism to communicate executive goals to the Laurier community.
2.7. Inform decisions around performance-based compensation.
3.1.1. Review and establish annual and multi-year goals and metrics with the President.
3.1.2. Present the President’s goals and metrics to the Board for approval, through the appropriate committee(s).
3.1.3. Provide regular and timely feedback to the President on progress vs. goals and overall performance throughout the year.
3.1.4. Evaluate the President’s performance annually, based on agreed upon goals and metrics.
3.1.5. Present the evaluation outcomes and metrics to the Board, through the appropriate committee(s).
3.1.6. Present performance-based compensation recommendations to the Compensation Sub-Committee for approval.
3.2.1. Develop annual and multi-year President’s goals and metrics, informed by the Executive Leadership Team planning process, and aligned with institutional priorities.
3.2.2. Review and finalize President’s annual and multi-year goals and metrics with the Board Chair.
3.2.3. Provide annual self-assessment/reflection of accomplishments vs. goals to Board Chair.
3.2.4. Finalize Vice-President goals and metrics and evaluate Vice-President performance including any performance-based compensation recommendations.
3.2.5. Provide regular and timely feedback to the Vice-Presidents on progress vs. goals and overall performance throughout the year.
3.3.1. Participate in the annual Executive Leadership Team planning and goals setting process.
3.3.2. Develop annual and multi-year Vice-President goals and metrics, informed by the Executive Leadership Team planning process, and aligned with institutional priorities.
3.3.3. Review and finalize goals and metrics with the President.
3.3.4. Cascade goals and metrics to areas of accountability.
3.3.5. Provide annual self-assessment/reflection of accomplishments vs. goals to the President.
3.4.1. Support the annual planning and assessment process.
3.4.2. Gather evaluation data as required, including possible 360 degree feedback.
3.4.3. Work with the University Secretary to ensure appropriate Board oversight and/or approvals at key points in the process.
3.4.4. Ensure performance-based compensation recommendations align with the government- and Board-approved WLU Executive Compensation Program.
3.5.1. Support the annual planning and assessment process.
3.5.2. Assist in the gathering of evaluation data as required, including possible 360 degree feedback.
3.5.3. Work with the AVP Human Resources to ensure the appropriate Board oversight and/or approvals at key points in the process.
The performance year is July 1 – June 30, in alignment with the academic year.
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