OTPP urges boards not to change compensation plans

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CANADA - The Ontario Teachers' Pension Plan (OTPP) is urging boards and compensation committees not to change stock option plans and other forms of equity-based compensation in response to slumping markets.

Wayne Kozun, OTPP's senior vice-president of public equities, said: "Executives should be rewarded for long-term sustainable returns. "We believe it is important to protect shareholder value by ...

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