Galore Resources Management
Management criteria checks 4/4
Galore Resources' CEO is Mike McMillan, appointed in Jul 2012, has a tenure of 12.33 years. total yearly compensation is CA$291.36K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 12.08% of the company’s shares, worth CA$214.23K. The average tenure of the management team and the board of directors is 10 years and 12.6 years respectively.
Key information
Mike McMillan
Chief executive officer
CA$291.4k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 12.3yrs |
| CEO ownership | 12.1% |
| Management average tenure | 10yrs |
| Board average tenure | 12.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -CA$783k |
| Mar 31 2024 | CA$291k | CA$291k | -CA$857k |
| Dec 31 2023 | n/a | n/a | -CA$854k |
| Sep 30 2023 | n/a | n/a | -CA$881k |
| Jun 30 2023 | n/a | n/a | -CA$1m |
| Mar 31 2023 | CA$392k | CA$286k | -CA$1m |
| Dec 31 2022 | n/a | n/a | -CA$1m |
| Sep 30 2022 | n/a | n/a | -CA$1m |
| Jun 30 2022 | n/a | n/a | -CA$764k |
| Mar 31 2022 | CA$203k | CA$203k | -CA$799k |
| Dec 31 2021 | n/a | n/a | -CA$858k |
| Sep 30 2021 | n/a | n/a | -CA$765k |
| Jun 30 2021 | n/a | n/a | -CA$643k |
| Mar 31 2021 | CA$181k | CA$181k | -CA$439k |
| Dec 31 2020 | n/a | n/a | -CA$523k |
| Sep 30 2020 | n/a | n/a | -CA$515k |
| Jun 30 2020 | n/a | n/a | -CA$647k |
| Mar 31 2020 | CA$203k | CA$203k | -CA$661k |
| Dec 31 2019 | n/a | n/a | -CA$563k |
| Sep 30 2019 | n/a | n/a | -CA$687k |
| Jun 30 2019 | n/a | n/a | -CA$582k |
| Mar 31 2019 | CA$192k | CA$192k | -CA$703k |
| Dec 31 2018 | n/a | n/a | -CA$1m |
| Sep 30 2018 | n/a | n/a | -CA$875k |
| Jun 30 2018 | n/a | n/a | -CA$851k |
| Mar 31 2018 | CA$166k | CA$166k | -CA$708k |
Compensation vs Market: Mike's total compensation ($USD208.45K) is about average for companies of similar size in the Canadian market ($USD167.57K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike McMillan
12.3yrs
Tenure
CA$291,359
Compensation
Mr. James Michael McMillan, also known as Mike, has been the Chief Executive Officer of Galore Resources Inc. since July 18, 2012 and its Chairman since February 2013 and its President since February 7, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.3yrs | CA$291.36k | 12.08% CA$ 214.2k | |
| CFO & VP of Corporate Communication | 7.8yrs | CA$119.38k | no data | |
| Vice President of Exploration | no data | no data | no data | |
| Corporate Secretary | 17.8yrs | no data | no data | |
| Vice President of Exploration | 7.8yrs | no data | no data |
10.0yrs
Average Tenure
Experienced Management: GRI's management team is seasoned and experienced (10 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.2yrs | CA$291.36k | 12.08% CA$ 214.2k | |
| Member of Advisory Board | 12.6yrs | no data | no data | |
| Chairman of Advisory Board | no data | no data | no data | |
| Independent Director | 12.6yrs | no data | 5.91% CA$ 104.8k | |
| Independent Director | 7.7yrs | no data | 0.44% CA$ 7.8k |
12.6yrs
Average Tenure
Experienced Board: GRI's board of directors are seasoned and experienced ( 12.6 years average tenure).