Executive pay returns to focus as report shines light on hypocrisy
Selon Anne Crothy de Business Day – et sans étonnement -, la rémunération des dirigeants est encore sur la sellette : « Executive pay returns to focus as report shines light on hypocrisy ». Notons qu’en Afrique du Sud, l’introduction d’un Say on pay contraignant est loin de faire l’unanimité selon cet article : « The South African report discourages the introduction of even binding votes, saying South African shareholders first need to have a better understanding of remuneration policies ».
EXECUTIVE directors awarded themselves considerably more than inflation-linked increases in pay during 2015, even as they called on workers to be responsible in their wage demands.
PwC’s latest remuneration report, released on Thursday, showed that executive directors of the largest JSE-listed companies had awarded themselves increases in total guaranteed pay of between 9% and 12%.
The report understates the full extent of the generosity enjoyed by executives, as it does not deal with variable pay, which can boost guaranteed pay between 30% and 200%, and which increased at much higher rates.
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Ivan Tchotourian