The Globe and Mail reports in its Saturday edition a second proxy adviser has urged shareholders to oppose Barrick Gold's compensation plans, citing concerns about chairman John Thornton's pay. The Globe's Rachelle Younglai writes the gold miner's decision to increase Mr. Thornton's pay by 36 per cent to $12.9-million (U.S.) is "problematic at a minimum and seemingly unwarranted," Institutional Shareholder Services said in a note. Glass Lewis earlier Thursday urged shareholders to vote against Barrick's pay scheme at the company's annual meeting later this month. The negative recommendations come one year after Barrick overhauled its remuneration practices in the wake of criticism by investors. The proxy advisers praised the changes made to date, but said Mr. Thornton's pay raise was not warranted given Barrick underperformed its peers in terms of shareholder returns. Glass Lewis went a step further and said it considers Barrick's "ongoing compensation arrangement with its chairman to be excessive and extremely risky." Seymour Schulich, who owns 15 million Barrick shares, said, "I don't know why he couldn't freeze his salary. ... Out of 12 things I think [Mr. Thornton] has done, 11 things are right."