The system has a loop gain with three poles at -1. At gain crossover frequency, phase shift introduced is:
\[
\angle GH(j\omega) = -3 \tan^{-1}(\omega)
\]
At the frequency where \( |GH(j\omega)| = 1 \), the phase is approximately \( -\pi \). Hence, phase margin is:
\[
\text{PM} = 180^\circ - 180^\circ = 0^\circ
\]
But if the phase shift is less than \( -180^\circ \), then PM is positive. This system's configuration and phase contribution imply a phase margin of \( \pi \) radians due to delay compensation.