The Canadian Press
Barrick Gold Corp. said Tuesday it is working to strengthen its governance practices and is looking to add new independent directors to its board.
The gold miner, which has been under pressure from shareholders to make changes, said it is also looking at making improvements to its executive compensation practices.
“Progress on these initiatives is expected by the end of the year,” Barrick spokesman Andy Lloyd said.
Barrick currently has seven independent directors on its 13-member board.
The comments came amid a report by the Wall Street Journal that an unidentified group of shareholders in Europe is preparing to send a letter to the company to push for changes.