The Financial Post reports in its Saturday edition how Barrick Gold pays its top executives is facing opposition from some of Canada's biggest investment managers, including the Canada Pension Plan Investment Board. A Canadian Press dispatch to the Post says the CPPIB joined other fund managers Friday in saying Barrick has not adequately addressed shareholder concerns about executive chairman John Thornton's paycheque. "We continue to be concerned with the company's practice of granting outsized awards on a largely discretionary basis, which we believe is inconsistent with the governance principle of pay-for-performance," CPPIB said in a statement Friday. CPPIB said it will vote against the company's non-binding "say-on-pay" resolution and will withhold its vote for the head of Barrick's committee for executive compensation, Brett Harvey. Barrick spokesman Andy Lloyd said the company judges its executives against "a long-term scorecard" and rewards performance with shares that must held until retirement from the company. CPPIB was among seven major Canadian fund managers that objected to Mr. Thornton's compensation two years ago at Barrick's annual meeting, when he was co-chairman with Peter Munk.