Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

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.


Get other news reports at the SA Labour News home page