Please sign me up for NOVAGOLD's:
Email List
Information Package
Sign Up

Corporate Strategy & Governance

Frequent engagement with our shareholders is fundamental in continuing to improve our disclosure and good governance practices. We recognize the importance of consistent, proactive communication, and feel that their perspectives help deepen our understanding of our shareholders’ priorities. NOVAGOLD’s board of directors’ obligation is to oversee and govern the company responsibly, a key function in advising management on strategic direction and practices, employee well-being, and partnerships – and essential toward enhancing shareholder value.

commitment and engagement

We provided shareholders with access to directors and management in 2018; they in turn share investor feedback with the respective committees and the board. In addition to engaging with shareholders representing 82% of the company’s issued and outstanding shares ahead of the company’s 2018 Annual General Meeting (AGM), we conducted a post-proxy outreach effort in August and September to obtain feedback from the 10 largest shareholders who NOVAGOLD believed voted against Say-on-Pay at the AGM, reporting the results to the respective committees of the board for their consideration.

response

NOVAGOLD eliminated the individual performance multiplier in the formula for long-term equity compensation, which had the potential to increase long-term equity incentive grants (stock options and Performance Share Units [PSUs]) above the target amount, extended the vesting period for new stock options and PSU grants to three years, and enhanced the description of annual company goals in the circular. Also in 2018, our board exercised negative discretion on the 2017 company goal achievement rating, reducing annual incentive payouts to acknowledge the year’s lackluster share price performance, as well as adopted an executive compensation claw back policy in response to shareholder feedback during our 2017 outreach efforts.

2019 objectives

Annual
Report
Latest
Presentation
News
Video Series
Powered by Blender