(Source: Canadian Press, May 10, 2017)
CALGARY — Canadian Pacific Railway CEO Keith Creel says a 71 per cent vote in favour of his company’s approach to executive compensation isn’t good enough, but predicts it will improve next year. CP Rail’s executive pay plan was voted down in 2016 in a so-called “say-on-pay” vote, but shareholders passed a similar motion at this year’s annual general meeting in Calgary on Wednesday. Such votes are non-binding, but can send a powerful message of investor dissatisfaction.
Full story: Globe and Mail