Nolwandle Mthombeni | 'Global best practice' used to justify insane remuneration for execs

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Nolwandle Mthombeni.
Nolwandle Mthombeni.
Supplied

Even our regulators have made it mandatory for listed companies to justify excessive pay - but the justification doesn't always fly, says Nolwandle Mthombeni. 

Executive remuneration will always be topical in a country with inequality as high as ours. For some reason, the remuneration committees of some of our boards occasionally forget this. The banks held their annual general meetings (AGMs) last month and the outcome was strong shareholder dissent on some of the remuneration decisions taken by boards.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.35
-0.0%
Rand - Pound
19.81
-0.0%
Rand - Euro
17.08
-0.0%
Rand - Aus dollar
10.76
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,764.62
0.0%
Silver
25.81
0.0%
Palladium
2,467.49
0.0%
Platinum
1,038.50
0.0%
Brent Crude
73.51
+0.6%
Top 40
59,504
-1.5%
All Share
65,635
-1.4%
Resource 10
60,958
-1.7%
Industrial 25
87,956
-1.3%
Financial 15
12,995
-2.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should government have assigned a majority shareholding in SAA to the private sector?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, It's a good decision
63% - 100 votes
Not a good move
11% - 17 votes
Too early to tell
26% - 42 votes
Vote