SUMMARY OF REMUNERATION
COMMITTEE ACTIVITIES/DECISIONS
DURING THE FINANCIAL YEAR

The main issues considered and approved/recommended by the Remuneration committee for 2016 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;
  • Approval of performance conditions and performance targets for bonuses and share schemes;
  • Reviewing recommendations for fees payable to non-executive directors;
  • Considered executive succession planning for the organisation as well as talent management;
  • Approval of the Remuneration Report included in the 2016 integrated annual report, including the non-binding advisory vote.
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