Barrick accused of using virtual AGM format to misrepresent or ignore shareholder concerns [Globe and Mail, The (Toronto, Canada)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Globe and Mail, The
After holding a hybrid AGM last year that allowed stakeholders to show up in person, the Toronto-based gold mining company, which is the world's second biggest by market value, went to a virtual-only format this year. Virtual AGMs have attracted the ire of some shareholder-rights groups. In an open letter to members of the S&P/TSX 60 Index in April, a group of 38 institutional investors, advisers, portfolio managers and non-profits argued that online meetings can undermine shareholder rights, by allowing companies to cherry-pick questions, or change the wording of them. After concluding the administrative part of the AGM on Tuesday, Barrick chief executive Mark Bristow fielded a handful of queries from shareholders, proxy holders and guests that were submitted on a virtual chat portal. Catherine Coumans, Asia-Pacific co-ordinator with Mining Watch Canada, attended the virtual meeting. She submitted two probing questions about alleged police brutality at Barrick's North Mara gol
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