OTTAWA —
Prominent proxy advisers
ISS says the plan has "significant problematic pay practices," including a proposal that will compensate Shopify CEO
It also disapproves of the company giving chief operating officer Kaz Nejatian
Glass Lewis doesn't like the plan because the adviser says it involves paying Shopify executives slightly more than leaders at companies it considers to be peers, despite the company performing moderately worse than its counterparts.
Just shy of 78 per cent of Shopify shareholders voted in favour of its executive compensation plan last year, down from the prior five years, when support averaged 94 per cent.
This report by The Canadian Press was first published
Companies in this story: (TSX:SHOP)
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