Over the past several years, the volatility in the mining industry has resulted in ongoing demand for executives with mining-related skills and experience. As a result, the attraction and retention of talented and experienced executives is one of the key objectives of our executive compensation program.
These six principles guide Goldcorp’s overall compensation philosophy:
The Board recognizes that executive compensation practices and policies are evolving in Canada and globally, and undertakes an annual internal review to ensure our practices and policies are effective in achieving our objectives.
We balance the need to be competitive within the mining industry to attract high-calibre executives with the need to provide compensation programs that are fair and reasonable.
Since 2012, we have provided shareholders with an advisory Say on Pay vote regarding our executive compensation program. It helps us engage constructively, obtain meaningful feedback and ensure accountability for executive compensation. For more information on executive compensation, please see our Management Information Circular.