SUMMARY OF REMUNERATION COMMITTEE ACTIVITIES/
DECISIONS DURING THE FINANCIAL YEAR

The main issues considered and approved/ recommended by the remuneration committee for 2014 were;

  • Cash package increases for CEO, executives and senior managers.
  • Short term incentives (bonuses) for CEO and executives.
  • Recommendation of long term incentives (share schemes) for the CEO, executives and senior managers.
  • Reviewing recommendations for fees payable to non-executive directors.
  • Considered executive succession planning for the organisation as well as talent management.
  • Updated Remuneration Committee terms of reference.
  • Approval of the Remuneration report included in the 2014 Integrated Annual Report, including the non-binding advisory vote.

 

 

 

 

 

 

top of page