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  "docSlug": "55f4c152cfe0",
  "documentTitle": "WSP Global Inc. (WSP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-04-03 00:00:00",
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  "pageNumber": 58,
  "pageCount": 68,
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  "notes": "The slide uses a red box to highlight the former CEO's disproportionate ownership compared to other directors.",
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      "text": "Excluding Mr. Shoiry’s ownership, the remainder of the Board owns just 0.05%. We believe the announcement that Mr. Shoiry is retiring from the Board is a step in the right direction. However, we believe the timing is very suspicious considering our report’s findings.",
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      "text": "Director equity ownership: 0.05%",
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      "kind": "paragraph",
      "text": "WSP has approximately 125 million shares outstanding. Yet, the Board collectively owns just 0.47% of the equity. The ownership level is even worse since most of the equity rests with Director Pierre Shoiry...",
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      "kind": "source-note",
      "text": "Source: WSP Management Info Circular, WSP Announces Succession Plan, March 15, 2016",
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      "kind": "table",
      "text": "NON-EXECUTIVE NOMINEE DIRECTOR SHARE OWNERSHIP table with columns for Name, Number of Shares, Equity-Based Awards, Total, Value, Requirement Met, and Deadline.",
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      "kind": "title",
      "text": "Aside From The Former CEO With A Dishonored Past, The Board Has Little Skin In The Game",
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      "kind": "title",
      "text": "Director Ownership",
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      "evidence": "The document repeatedly exposes contradictions in WSP's reporting and operations",
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