Canadian cannabis stocks hide compensation consultant fees

Canadian cannabis stocks hide compensation consultant fees

 Authored by:  Teri Buhl Canadian cannabis company CEOs have been making big pay packages over the last few years coinciding with net losses. But, they have not been disclosing details required by Canadian law about who they employ to come up with the pay formulas and how much these consultants are paid. A review of Canadian public filings by Cannabis Law Report has found at least three publicly traded companies who have failed to be transparent in telling shareholders how much they were actually paying their executives. It appears that some packages could be described as “over-compensation” and were / are making some individuals very wealthy. Compensation consultants are often required by boards of publicly traded companies to enable an independent outside party to come up with a realistic approach to how the CEO and also key management are compensated thus stopping companies using internal resources to pull any old figure or package out of thin air. Cannabis operations that have grown quickly into large companies: Aurora, Aphria, and Canopy Growth follow these rules and have disclosed how they paid their consultants like Hugessen Consulting, Mercer (Canada) Limited, or Global Governance Advisors Inc . According to a recent review undertaken by Cannabis Law Report a compensation consultant gig in Canada can run up to a staggering $150,000 CAD on the high end.   THE GREEN ORGANIC DUTCHMAN       CLR has learnt that a Canadian grower with an investment from Aurora has ignored the rules. Ontario-based The Green Organic…

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Source : CANNANNEW REPORT
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