Proxy advisers urge rejection as Shopify shareholders set to vote on executive pay

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Proxy advisers urge rejection as Shopify shareholders set to vote on executive pay
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ISS says the plan has ‘significant problematic pay practices,’ including a proposal that will compensate Shopify CEO Tobi Lutke with only a large stock option grant

shareholders will vote this morning on whether to approve the e-commerce giant’s compensation plan for executives.

ISS says the plan has “significant problematic pay practices,” including a proposal that will compensate Shopify CEO Tobi Lutke with only a large stock option grant, equalling about US$20-million in each of the last three years.

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