Tag: executive pay

Corporate South Africa needs to explore the growing trend of linking executive compensation to environmental, social, and governance (ESG) performance, driven by the imperative of multi-stakeholder capitalism and heightened attention to sustainability issues.

The recent suggestion by PSG CEO Piet Mouton that the requirement to disclose executive pay should be made optional raises important questions about an issue that consistently attracts controversy. This follows news reports of Sibanye-Stillwater CEO Neal Froneman receiving R300 million in remuneration for 2021, most of which related to conditional share proceeds.

Although South African women are making great strides within the workplace, corporate South Africa has more work to do to effectively transform boardrooms. The COVID-19 pandemic has further exposed deep-rooted inequalities in social, political and economic systems, and has demonstrated the importance of the unique skills that women bring to societies.

As the business world feels the effects of the coronavirus (COVID-19) pandemic and takes steps to adapt, companies are asking how they should approach their executives’ remuneration during this difficult time. Why is it so important for Boards and Remuneration Committees to address this issue? 

There is a common perception of an unnecessary large gap between C-suite pay and general staff pay and that this gap is widening every year. It is important to explore what drives these perceptions whether they are based on fact or in fact myths.