Seeking Alpha

Barrick shareholders should OK new executive pay policy, ISS says

  • Barrick Gold (ABX) shareholders, who last year revolted over executive pay, should vote in favor of the miner's latest compensation plan and director nominations, proxy advisory service ISS says.
  • Last year, ISS advised shareholders to vote against ABX’s approach to compensation; this year, ABX has made improvements to its governance structure and compensation programs, meriting approval of the new executive pay policy announced last week.
  • "The company, and in particular the compensation committee, has demonstrated a high level of responsiveness to shareholder concerns,” ISS says in its report.
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