BusinessLive reports that failure by the JSE or the King Code to take a more robust stance on executive remuneration could see this controversial issue put on the agenda of the 2016-17 Companies Amendment Bill.  

Making a vote on executive remuneration a binding one, as well as disclosure of pay ratios between directors, prescribed officers and the company’s workforce, are some of the proposals being looked at by the Companies and Intellectual Properties Commission (CIPC), which oversees compliance with the Companies Act.  SA guidelines and regulations relating to executive pay fall considerably short of best international practice.  The most notable is that in SA the vote on executive pay is not binding.

• Read this informative report by Ann Crotty in full at BusinessLive

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