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Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,608
Close 2014-09-05 C$ 18.64
Market Cap C$ 21,709,441,493
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Globe says Barrick shareholders happy with pay reforms

2014-09-08 09:34 ET - In the News

The Globe and Mail reports in its Saturday edition big shareholders are becoming more sophisticated in their use of say-on-pay votes, increasingly casting their ballots with a close eye on the alignment between a company's executive pay and its stock market performance. The Globe's Janet McFarland writes a survey of say-on-pay voting results at Canada's 100 largest companies shows many of the companies with the lowest votes for their executive compensation plans in 2014 were those that also had the weakest alignment between pay and performance in recent years, according to a study by Global Governance Advisors. Canada's 100 largest companies by market capitalization averaged 92-per-cent support over all in their say-on-pay votes this year, an increase from 90 per cent last year. Paul Gryglewicz, managing partner at Global Governance Advisors, said the increase this year is likely due to companies making changes to their pay practices in recent years to conform with shareholder demands. Barrick Gold earned just 15-per-cent support for its pay practices in 2013 as shareholders staged a revolt against high pay levels for new executives, but earned 80-per-cent support this year after introducing reforms.

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