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FAIR EXCHANGE - JUNE ISSUE 2015- Volume 5

Public Finance

CEO Pay: Are Shareholders Getting Value For Money?

Shareholder votes on executive compensation have taken centre stage at annual meetings this season. While there have been a few high-prole “no” votes (CIBC and Barrick), “yes” votes are the norm. Firms that eectively communicate the alignment between C-level suite pay and shareholder value are winning the vote, sometimes in opposition to proxy advisory rm recommendations—Goldcorp is a case in point.

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