Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

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Comment by Khersonon May 17, 2020 8:51pm

134 Views

Post# 31040731

RE:RE:Executive Compensation (Say on Pay) Results

leo101 wrote:

Kherson wrote: In 2018, we introduced an annual advisory ‘say on pay’ vote. That year we received overwhelming support, with 97.05% of the votes cast in favour of our approach to executive compensation. Last year, however, that support fell to 60.86%. Last year’s vote indicated that certain changes were necessary. As committee chair, I want to assure our unitholders that we have listened and are making changes to regain and maintain your support. And, as always, we are committed to regularly reviewing Chemtrade’s compensation policies and program and our governance regime as we strive to continue to improve.

So the question is, do the unitholders now fully support the policy changes for the Executive Compensation? Well this year's results show that 81.73% of votes cast support the changes. That is still a far cry from 97.05%!
But what is really interesting are the actual numbers. In 2019, there were 27,284,521 votes cast supporting the Executive Compensation program while this year there were only 23,400,000 votes cast supporting the Executive Compensation program!
Looks to me like Chemtrade still has room for improvement on this issue!
Kherson

kherson, it looks to me like insiders dumped 3 million shares. no ordinary retail investors would support giving the executive compensation packages. how many retail investors take the time to read the info package and vote? the info packages are written by communication pros and are very biased towards the executives.

Leo my friend, my post has nothing to do with Insiders. The voting results are from the last 3 year's AGMs and are reflective of all the unitholders who did vote!
Kherson

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