Lake Victoria Gold Management
Management criteria checks 2/4
Lake Victoria Gold's CEO is Marc Cernovitch, appointed in Nov 2023, has a tenure of 13.25 years. total yearly compensation is CA$206.53K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.65% of the company’s shares, worth $213.29K. The average tenure of the management team and the board of directors is 1.7 years and 3.5 years respectively.
Key information
Marc Cernovitch
Chief executive officer
CA$206.5k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | less than a year |
| CEO ownership | 1.6% |
| Management average tenure | 1.7yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -CA$4m |
| Mar 31 2024 | n/a | n/a | -CA$4m |
| Dec 31 2023 | CA$207k | CA$207k | -CA$3m |
| Sep 30 2023 | n/a | n/a | -CA$4m |
| Jun 30 2023 | n/a | n/a | -CA$4m |
| Mar 31 2023 | n/a | n/a | -CA$3m |
| Dec 31 2022 | CA$195k | n/a | -CA$3m |
| Sep 30 2022 | n/a | n/a | -CA$2m |
| Jun 30 2022 | n/a | n/a | -CA$3m |
| Mar 31 2022 | n/a | n/a | -CA$2m |
| Dec 31 2021 | CA$129k | n/a | -CA$2m |
Compensation vs Market: Marc's total compensation ($USD147.76K) is below average for companies of similar size in the US market ($USD650.80K).
Compensation vs Earnings: Marc's compensation has increased whilst the company is unprofitable.
CEO
Marc Cernovitch (50 yo)
less than a year
Tenure
CA$206,532
Compensation
Mr. Marc Cernovitch serves as Chief Executive Officer of Lake Victoria Gold Ltd. (formerly known as Tembo Gold Corp.) since November 30, 2023. He served as Independent Director of Eat Well Investment Group...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CFO | 6.7yrs | CA$206.53k | 12.27% $ 1.6m | |
| CEO & Director | less than a year | CA$206.53k | 1.65% $ 213.3k | |
| COO & Director | less than a year | CA$13.43k | no data | |
| Managing Director of Tanzania | less than a year | CA$279.52k | 5.34% $ 692.5k | |
| Exploration Manager | 2.8yrs | no data | no data | |
| Corporate Secretary | 2.3yrs | no data | no data |
1.7yrs
Average Tenure
69yo
Average Age
Experienced Management: LVGL.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CFO | 6.7yrs | CA$206.53k | 12.27% $ 1.6m | |
| CEO & Director | 13.3yrs | CA$206.53k | 1.65% $ 213.3k | |
| COO & Director | less than a year | CA$13.43k | no data | |
| Managing Director of Tanzania | 13.3yrs | CA$279.52k | 5.34% $ 692.5k | |
| Member of Advisory Board | 3.5yrs | no data | no data | |
| Member of Advisory Board | 3.5yrs | no data | no data | |
| Member of Advisory Board | 3.3yrs | no data | no data | |
| Independent Director | 10.9yrs | CA$24.00k | 0.26% $ 33.2k | |
| Independent Director | less than a year | no data | no data |
3.5yrs
Average Tenure
60.5yo
Average Age
Experienced Board: LVGL.F's board of directors are considered experienced (3.5 years average tenure).