SUMMARY OF REMUNERATION
COMMITTEE ACTIVITIES
DURING THE YEAR

The main issues considered, engaged in, recommended or approved by the Remuneration Committee for 2017 were:

  • Cash package increases for CEO, executives and senior managers;
  • Short-term incentives (bonuses) for CEO and executives;
  • Long-term incentives (share schemes) for the CEO, executives and senior managers;
  • Performance conditions and performance targets for short-term incentives (bonuses) and long-term share schemes;
  • Proposal to shareholders on fees payable to non- executive directors;
  • Senior executive bench strength and succession planning, as well as talent management in the organisation;
  • Employment equity; and
  • Approval of the Remuneration Report in the 2017 integrated annual report, including the non-binding advisory vote being proposed to shareholders at the AGM.
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