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

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Nolwandle Mthombeni.
Nolwandle Mthombeni.
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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.

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