Board nominees, including embattled director Prem Watsa, were re-elected by a “substantial majority.” Almost 59 per cent votes also favoured its “say on pay” plan, but support was below the company’s expectations. (The Logic)

Talking point: Proxy-advisory firm Glass Lewis gave BlackBerry’s pay plan an “F” grade ahead of Wednesday’s annual general meeting and recommended against re-electing Watsa as lead director. The report noted Watsa is CEO of BlackBerry’s second-biggest shareholder, Fairfax Financial Holdings, and said CEO John Chen’s payouts were “uniquely sensitive” to the meme-stock rallies that lifted GameStop and AMC. The board said the pay plan was “appropriate and necessary” to compete for talent—but that it will review the vote in ongoing compensation evaluations. At the AGM, Chen said his views had shifted to favour growth rather than just profit, as he sees growth as a better shareholder reward.