Key Insights

• Dundee's Annual General Meeting to take place on 12th of June

• Salary of CA$500.0k is part of CEO Jonathan Goodman's total remuneration

• The total compensation is 540% higher than the average for the industry

• Dundee's EPS declined by 7.2% over the past three years while total shareholder loss over the past three years was 10%

The results at Dundee Corporation (TSE:DC.A) have been quite disappointing recently and CEO Jonathan Goodman bears some responsibility for this. At the upcoming AGM on 12th of June, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. The data we present below explains why we think CEO compensation is not consistent with recent performance.

Check out our latest analysis for Dundee

How Does Total Compensation For Jonathan Goodman Compare With Other Companies In The Industry?

Our data indicates that Dundee Corporation has a market capitalization of CA$120m, and total annual CEO compensation was reported as CA$1.5m for the year to December 2023. That's just a smallish increase of 6.9% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at CA$500k.

In comparison with other companies in the Canadian Real Estate industry with market capitalizations under CA$274m, the reported median total CEO compensation was CA$232k. Hence, we can conclude that Jonathan Goodman is remunerated higher than the industry median. Moreover, Jonathan Goodman also holds CA$7.4m worth of Dundee stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

On an industry level, around 58% of total compensation represents salary and 42% is other remuneration. Dundee pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

Dundee Corporation's Growth

Dundee Corporation has reduced its earnings per share by 7.2% a year over the last three years. Its revenue is down 7.3% over the previous year.

Overall this is not a very positive result for shareholders. This is compounded by the fact revenue is actually down on last year. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.