And I received some quite abrasive emails from readers angered by my “worthless” “socialist rant” about CEO pay. In the same letter from Barrick’s lead director it was announced that Thornton had elected to forfeit his incentive compensation for 2015. “Directors of Canadian public companies are for all practical purposes nominated by incumbent board members and management.”The board nominating the board, in other words. One-third of supervisory board slots in companies with between 500 and 2,000 are composed of employees. Of course, that’s worth talking about north of the border, for in governance affairs, Canada is about as antiquated as it gets.

Source: thestar January 08, 2019 19:34 UTC