SUMMARY OF REMUNERATION COMMITTEE ACTIVITIES/
DECISIONS DURING THE FINANCIAL YEAR

The main issues considered and approved/ recommended by the remuneration committee for 2015 were:

  • Cash package increases for CEO, executives and senior managers
  • Short-term incentives (bonuses) for CEO and executives
  • Recommendation of long-term incentives (share schemes) for the CEO, executives and senior managers
  • Approval of performance conditions and performance targets for bonuses and share schemes
  • Reviewing recommendations for fees payable to non-executive directors
  • Considered executive succession planning for the organisation as well as talent management
  • Reviewed Remuneration Committee terms of reference
  • Approval of the Remuneration Report included in the 2015 Integrated Annual Report, including the non-binding advisory vote.
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