Newspaper article The Canadian Press

Glass Lewis Proxy Firm Backs Crescent Point Slate as Annual Meeting Nears

Newspaper article The Canadian Press

Glass Lewis Proxy Firm Backs Crescent Point Slate as Annual Meeting Nears

Article excerpt

Crescent Point wins backing from proxy firm

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CALGARY - A second institutional investor proxy advisory firm is wading into the fight by a dissident shareholder to elect a slate of four directors to the 10-member board at Crescent Point Energy Corp.

Unlike Institutional Shareholder Services Inc., however, Glass Lewis & Co. is recommending that shareholders vote for all of Crescent Point's director nominees and none of those put forward by Cation Capital Inc.

Glass Lewis says shareholders should also vote in favour of the oil and gas producer's approach to executive compensation, one of the issues identified by Cation, even though it gives a "D" grade in its report for pay for performance and says the top five executives earn more than the average on a list of their peers. …

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