Canadian Manufacturing

Enbridge moves annual meeting online due to COVID-19

The change for the event was to ensure health and safety of those attending, Enbridge's statement said

March 11, 2020  The Canadian Press

CALGARY – Enbridge Inc. is moving its annual meeting in May online because of concerns about the spread of novel coronavirus.

The Calgary-based energy company said the change for the May 5 event was made “out of an abundance of caution” and to mitigate risks to the health and safety of shareholders, employees and stakeholders.

In a letter to shareholders contained in a regulatory filing, Enbridge said shareholders will have an opportunity to ask questions and vote on important matters regardless of where they live.

The company also said it is working to increase its gender diversity with women comprising 42% of its board and 28% of all leadership roles.

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Enbridge said president and CEO Al Monaco’s total compensation increased 36% to almost $18M in 2019, up from $13.4M a year earlier as all components increased.

The payout included $1.6M in salary up from $1.48M, $6.1M in stock-based awards, $3.3M in option-based awards, $3.7M in non-equity incentives and $3.2 million in pension value.

 


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