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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