Tag: executive remuneration

Since the COVID-19 pandemic the world has been affected by many events that are now the new normal and businesses will now have to make strategic changes to the way they operate. These events are geo-political - the Russia-Ukraine war; logistical - supply-chain bottlenecks; economic - high energy prices, demand supply issues - global commodities pressures and chip shortages, rising inflation and possible recession.

A new draft of the Companies Amendment Bill has been published. Although the bill clarifies many important company law issues; several ambiguities related to the current act remain. On Friday, 1 October 2021, the Department of Trade, and Industry (DTI) published a new draft of the Companies Amendment Bill, 2021 (2021 Bill) for public comment.

Herewith the results of Africa’s non-executive and independent directors’ fees, performance and diversity survey for privately-held and family businesses for 2020. The survey yields data and insights for business directors across Africa, providing a framework against which boards can reference their performance and fees.

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? 

How much is enough when it comes to the pay of executives in South Africa? Is the remuneration system broken? And if so, what can be done to fix it? These are some of the burning questions under the spotlight in a new study by our firm.

Executive directors are facing a number of challenges and their companies are increasingly being held to account for their contribution to social upliftment in the face of pervasive inequality. Recent corporate failures have highlighted the importance of good corporate governance and ensuring that remuneration packages are appropriately structured so as to not drive excessive risk-taking.