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“It’s certainly a statement about what is appropriate executive compensation as seen by the Canadian marketplace, saying basically [the salary] is not really performance-driven — which has been an endemic problem, particularly in the gold mining industry.”But Mr.Allan said it’s unclear whether this will actually result in any scaling back of salaries already paid, but he predicted Barrick’s board would soon issue a statement that would seek to mollify shareholders and their concerns.“Any board that ignored this would be folly,” he said.
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Separately on Wednesday, Moody’s Investors Service announced it was downgrading -billion worth of Barrick’s senior unsecured debt by one notch to Baa2 from Baa1, and said the outlook remained negative.
The ratings agency had announced last week it was putting the debt under review for a downgrade.
Simulation results show that the proposed NSGC can suppress the power oscillations and improve transient stability more effectively in comparison with the conventional proportional-integral-derivative (PID) governor controller. Chicago/Turabian Style Ju, Xingbao; Zhao, Ping; Sun, Haishun; Yao, Wei; Wen, Jinyu.
Moreover, the proposed NSGC is robust to the variations of the system operating conditions.