Cogeco, Cogeco Cable up minimum share ownership for executives

MONTREAL – Cogeco Inc. and Cogeco Cable Inc. are expecting their senior executive officers to own more of the two companies. “To reflect best corporate governance practices in Canada,” Cogeco announced Monday it was upping the minimum share ownership levels for people such as Cogeco Inc. and Cogeco Cable President and CEO Louis Audet. Audet is expected to acquire shares equaling at least five times – previously it was three – his base salary. He will have until October 2011 to reach that level. The minimum share ownership level to be held by Audet may be comprised of multiple and...