Concordia Healthcare Corp. T.CXR.R

RE:Re: Canada's Top 100 Highest Paid CEO's

[argentia77]

Hi Latice,  I believe you mis-read resolution 2. It's to re-appoint the auditors (PricewaterhouseCoopers) and authorize the directors to fix the remuneration to be paid to the auditor. (see p.i (c) in the notice).

In any case: "Generally, unless there is a provision to the contrary in the corporation's Articles of Incorporation, By-Laws or a unanimous shareholders' agreement, the directors are entitled to fix their own remuneration. Directors cannot abuse this privilege by awarding themselves an excessive remuneration which is disproportionate with the services rendered; otherwise, the courts may intervene upon the petition of an interested party."

Lattice wrote: Hey argentia, 

argentia,  If their residency was in Canada, we will have our pill guys making the list! 

Don't forget to convert to cdn $ to see how they would rank 

Nice to be on the leaders list for something

Mark Thompson          US   $ 8,927,963
Adrian deSalhala         US   $ 7,449,153
Leith Tessay                 US   $ 1,420,240
Wayne Kreppner          US   $ 6,892,404
John Beighton              US   $ 2,614,392 ($ since acquisition Oct 21)
Francesco Tallanic       US   $ 3,525,878 

Resolution #2 on your proxy allows the directors to fix their own renumeration.
Vote against this resolution 

Source:  Management CIrcular filed on SADAR April 7, 2016

 

argentia77 wrote: https://www.canadianbusiness.com/lists-and-rankings/richest-people/canadas-top-100-highest-paid-ceos-2016/