REVscene Automotive Forum - Report calls for changes at BC Ferries/Translink

http://www.cknw.com/Channels/Reg/New...spx?ID=1162596

Quote:

Report calls for changes at BC Ferries, Translink
VICTORIA/CKNW AM 980
Sean Leslie | Email news tips to Sean
11/6/2009

BC's comptroller-general is calling for a single regulator to oversee both BC's Ferries and Translink.

In her report, Cheryl Wenezenki-Yolland says a new single regulator with proper resources will give BC better oversight of BC Ferries and Tranlink, much as the BC Utilities Commission oversees natural gas and electric companies.

In all there are more than 20 recommendations, including new controls on payments to executives.

It finds compensation to BC Ferries executives is too high and bonuses too easy to get.

For example CEO David Hahn's total compensation of one million dollars was more than double that of larger public sector operations.

The report says the board of directors is overpaid, and they should not be able to set their own compensation levels.

It also calls for a better balance between financial sustainability and the needs of ferry customers and communities.

The report also says earlier action should have been taken at Translink to rein in costs; and the focus now should be to maximize existing revenue sources before creating new ones.

It also says the current Mayor's Council should be turned into a transit authority with more powers and some provincial representation.
The report also finds there are too many executivies at Translink and its subsidiaries.

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