oups they did it again Terrible management, and sleeping Board. Ithink this is the only compny in the TSX to link the Board and management cmpensation to the level of desctruction of shareholders value. Stock price down 50 % for the last 3 years = between 100 % and 300 % exec management compensation increase !!! and of course the Board are rewarding themself also for achieving the goal of shareholder value destruction, they voted an increase of their compensation (which is already very high when compared with very profitable companies), consequently they will have between 25% and 100 % of increse of their compensation. I guess we should required a RICO like investigation agint the Board and the management or ripping off shareholders. Of course that's not the only bad news, the deal with Brookfield does not allow for declaration of dividende above a certain level unless approved by brookfield and of course the deal was done to finace the acquisition of Falco and change the company profile to light asset focusing on fund management, yes the same fund they're trying to lunch since feb 2022 and now postponed to end of 2024.
The only think that i can't understand, is how the Board and management compensation obtain 90%+ favorable votes in the annual assembly!!!