This 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.
BusinessLive reports that black-owned and managed stockbroking firm Legae Securities wants Shoprite shareholders to vote against 10 of the 21 resolutions at the AGM on 31 October.
The contested resolutions deal with issues at the heart of the King IV corporate governance code that will be launched on 1 November, the day after Shoprite’s AGM. A resolution relating to remuneration policy is among those that have earned Legae’s disapproval. Legae has advised shareholders to vote against the company’s remuneration policy, not only because of CEO Whitey Basson’s 99.8% increase, but because the remuneration report lacked required details around the metrics and targets for the short-and long-term incentive awards.
- Read this report by Ann Crotty in full at BusinessLive
Get other news reports at the SA Labour News home page