Bombardier board approves changes to executive compensation after outcry

MONTREAL — After facing nearly two weeks of criticism, Bombardier said Monday that its board of directors approved changes to the compensation offered to several of its top executives.

CEO Alain Bellemare had asked the board to delay payment of more than half of last year’s total planned compensation for six executive officers, including himself, by one year to 2020, provided the company meets certain objectives.

Executive chairman Pierre Beaudoin also asked the board to cut his 2016 compensation by US$1.4 million to equal the US$3.85 million he received in 2015.

In a regulatory filing ahead of the company’s May 11 annual meeting, the Montreal-based company (TSX:BBD.B) said the proposals were accepted and approved by the board.