The Globe and Mail reports in its Monday edition Barrick Gold will soon unveil pay packages for outgoing chairman Peter Munk and his successor John Thornton. The Globe's Rachelle Younglai writes also being disclosed are new executive compensation methods. Mr. Thornton's $11.9-million (U.S.) bonus last year galvanized the traditionally passive Canadian pension funds to demand changes to how Barrick was governed, triggering the company to overhaul its board. Barrick's management proxy circular, to be filed on Monday, will present a new compensation scheme designed to align management's pay even more closely with the miner's performance. The company's plan is expected to require executives to hold their shares until they leave the company. "In some respects it's like shutting the barn door after the horses have left," said Robert Gill at Lincluden Investment Management, noting that Mr. Thornton kept his bonus. Nevertheless, compensation experts say Barrick is making progress. "I suspect that they will also have lower bonuses than they did last year," said Paul Gryglewicz at Global Governance Advisors. The company last year reported a net loss of $10.4-billion, including $11.5-billion in asset writedowns.