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Power Financial Corporation (PWF.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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34.14+0.15 (+0.44%)
At close: 4:00PM EDT

Power Financial Corporation

751 Victoria Square
Montréal, QC H2Y 2J3
Canada
514-286-7430
http://www.powerfinancial.com

SectorFinancial
IndustryLife Insurance
Full Time Employees26,879

Key Executives

NameTitlePayExercisedAge
Mr. André R. Desmarais O.C., O.Q.Exec. Co-Chairman1.68MN/A61
Mr. Paul Guy Desmarais Jr., O.C., O.Q.Exec. Co-Chairman, Chairman of Power Corp of Canada and Co-CEO of Power Corp of Canada1.67MN/A63
Mr. Robert Jeffrey OrrChief Exec. Officer, Pres and Director4.92MN/A58
Mr. Gregory Dennis Tretiak FCAChief Financial Officer and Exec. Vice-Pres1.17MN/A61
Mr. Claude GénéreuxExec. VP1.56MN/A55
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. The company offers life, disability, critical illness, accidental death and dismemberment, health and dental protection, creditor, and direct marketing insurance products, as well as specialty products; and accumulation and annuity products. It also provides financial security products, including employer-sponsored defined contribution plans, administrative and recordkeeping services, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services; and executive benefits products. In addition, the company offers protection and wealth management products, including payout annuity products; and reinsurance products; acts as a sub-advisor for various retail mutual funds; and manages pension fund assets. Further, it provides mutual funds, pooled funds, segregated funds, separate accounts, and other investment vehicles; securities, mortgages, and other financial services; and investment management services. The company offers its products through retail and wholesale sales force, banks, brokers, consultants, advisors, financial planners, third-party administrators, broker dealers and investment advisors, and financial institutions. Power Financial Corporation was founded in 1940 and is headquartered in Montréal, Canada. Power Financial Corporation is a subsidiary of Power Corporation of Canada.

Corporate Governance

Power Financial Corporation’s ISS Governance QualityScore as of August 1, 2017 is 9. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 7; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.