Today's Labour News

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implatsBusiness Report writes that platinum producer Impala Platinum (Implats) held out an olive branch to shareholders following a revolt over its remuneration policy last week.  

Only 56.4% of shareholders endorsed the remuneration during the company’s annual general meeting (AGM) held on Thursday.  In addition, 58.96% of shareholders voted for the endorsement of the company’s remuneration implementation report.  Implats told shareholders in September that it had initiated a review of its remuneration policy.  It said on Friday that it had received input from some shareholders, and remained committed to an open engagement process with all shareholders, regarding the endorsement of its remuneration policy and its remuneration implementation report respectively.  Implats also invited shareholders to submit their concerns to the company’s secretary.  “The company commits to engage dissenting shareholders within seven working days of their submission,” it indicated.

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