02:38 PM EDT, 06/04/2024 (MT Newswires) -- Shopify Inc. ( SHOP ) shareholders have approved the e-commerce giant's compensation plan for executives, The Canadian Press is reporting Tuesday.

It noted prominent proxy advisers Institutional Shareholder Services and Glass Lewis recommended shareholders vote against the plan, which could see the company hand out millions in salaries and share- and option-based awards to its top executives.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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