In This Article:
Key Insights
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Sherritt International's Annual General Meeting to take place on 9th of May
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CEO Leon Binedell's total compensation includes salary of CA$672.5k
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The total compensation is 1,159% higher than the average for the industry
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Sherritt International's EPS grew by 44% over the past three years while total shareholder loss over the past three years was 46%
Shareholders of Sherritt International Corporation (TSE:S) will have been dismayed by the negative share price return over the last three years. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 9th of May. They could also try to influence management and firm direction through voting on resolutions such as executive remuneration and other company matters. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.
See our latest analysis for Sherritt International
Comparing Sherritt International Corporation's CEO Compensation With The Industry
According to our data, Sherritt International Corporation has a market capitalization of CA$123m, and paid its CEO total annual compensation worth CA$2.3m over the year to December 2023. We note that's a decrease of 17% compared to last year. While we always look at total compensation first, our analysis shows that the salary component is less, at CA$673k.
For comparison, other companies in the Canadian Metals and Mining industry with market capitalizations below CA$274m, reported a median total CEO compensation of CA$186k. This suggests that Leon Binedell is paid more than the median for the industry. Moreover, Leon Binedell also holds CA$144k worth of Sherritt International stock directly under their own name.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | CA$673k | CA$598k | 29% |
| Other | CA$1.7m | CA$2.2m | 71% |
| Total Compensation | CA$2.3m | CA$2.8m | 100% |
Speaking on an industry level, nearly 94% of total compensation represents salary, while the remainder of 6% is other remuneration. Sherritt International pays a modest slice of remuneration through salary, as compared to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
A Look at Sherritt International Corporation's Growth Numbers
Over the past three years, Sherritt International Corporation has seen its earnings per share (EPS) grow by 44% per year. In the last year, its revenue is up 25%.