Is this the weakest remuneration policy & report ever?

Trencor (JSE:TRE) shareholders will once again be asked to consider the company’s executive remuneration policy and implementation report at the upcoming AGM on 25 June 2019. In compiling our voting paper which is available on our website, we also consider the details contained in Trencor’s integrated report. We believe this is the weakest attempt we’ve […]

Sasol: the not-so-small matter of fatalities

Theo Botha proposed to the remuneration committee chairman at the Sasol AGM held on 16 November 2018, that the key performance indicators relating to fatalities – underpinning executive remuneration – which has a 5% weighting, be increased to fairly reflect the critical importance of avoiding fatalities. The chairman responded by indicating that the weighting was […]

Shoprite makes about-turn on exec pay

Shoprite Holdings, the continent’s largest retailer, has made a surprising about-turn on executive remuneration. This follows its 2017 annual general meeting (AGM) on Monday where 29.89% voted against a non-binding resolution on its remuneration policy (resolution 14.1) and 28.58% voted against the implementation thereof (resolution 14.2). In the 2016 financial year, the group was slammed […]

Should asset managers be acting on CEO pay?

Patrick Cainrs raised a few tough questions in this article, looking at the role institutional shareholders can play. Not just in South Africa, but around the world, executive pay is under heavy scrutiny. A number of recent studies have called into question the rate at which pay for top executives is increasing. An analysis by Moneyweb earlier this year also found […]