Canada’s business leaders are to a certain extent divided as to whether they are paid about the right amount or somewhat too little as compared with their U.S. counterparts. There appears to be greater consensus among Canada’s business leaders with respect the relative compensation of executives in Canadian firms; with CEO’s of large companies being somewhat overpaid and CEO’s of small companies, somewhat underpaid.

In light of recent business scandals there’s been some talk as to how much compensation should be and how it should be determined. With respect to pay for profit, respondents support tying compensation to financial performance for CEO’s, management and COO’s and much less so for CFO’s. With respect to changing compensation for directors in light of new responsibilities creating by Sarbanes Oxley, respondent support paying more.

These are the key findings form this week’s web survey of executives and business leaders conducted under the sponsorship of BDO Dunwoody and the Canadian Chamber of Commerce for publication in the Financial Post.

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