Barrick Gold's board faces backlash over executive pay at AGM

April 17, 2015 6:55 PM

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TORONTO, April 17 (Reuters) - Barrick Gold Corp faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness.

Two major Canadian pension funds, the British Columbia Investment Management Corp (BCIMC) and Ontario Teachers' Pension Plan Board, said on Friday that they plan to withhold support for the entire board in light of their concerns with Barrick's executive compensation package.

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