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A Closer Look at Synex Renewable Energy’s Performance and CEO Compensation

Synex Renewable Energy Corporation (TSE:SXI) has recently faced disappointing performance, leaving shareholders concerned about the future of the company. The upcoming Annual General Meeting (AGM) on November 27th may give shareholders the opportunity to address these concerns. One of the key areas of discussion will likely be the compensation of CEO Daniel Russell.

According to our data, Russell’s total annual compensation for the year ending June 2023 was CA$217k, with a salary of CA$208.0k comprising the majority of this amount. This compensation is considerably lower than the industry average, which shows that Synex Renewable Energy pays its CEO below the median for Canadian Renewable Energy companies with market capitalizations under CA$275m.

Despite the relatively low compensation, shareholders may question Russell’s effectiveness as the CEO. Over the past three years, the company has experienced a 21% loss to shareholders and a significant decrease of 57% in earnings per share. Furthermore, the company’s revenue has also declined by 33% over the previous year.

Given these underwhelming results, shareholders are likely to be reluctant to approve a pay raise for Russell. The AGM will provide an opportunity for the board to address these concerns and outline their plans for improving the company’s performance.

It’s important to note that CEO compensation is just one factor to consider when assessing a company’s performance. To gain a comprehensive understanding, investors should also consider other key factors such as company growth, historical earnings, and cash flow.

Frequently Asked Questions (FAQ)

Q: What was CEO Daniel Russell’s total annual compensation for the year ending June 2023?
A: CEO Daniel Russell received a total annual compensation of CA$217k, with CA$208.0k as salary.

Q: How does Synex Renewable Energy’s CEO compensation compare to the industry average?
A: Synex Renewable Energy pays its CEO below the median for Canadian Renewable Energy companies with market capitalizations under CA$275m.

Q: Has Synex Renewable Energy Corporation’s performance been positive?
A: No, the company has experienced a 21% loss to shareholders over the past three years, along with a substantial decrease of 57% in earnings per share.