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.
Moneyweb reports that increases in the guaranteed pay of chief executives at the largest 100 JSE-listed companies have exceeded inflation by a considerable margin over the past five years on a compound annual growth rate basis.
There also appears to have been little correlation between CEO guaranteed pay and the size and complexity of the organisation, particularly among firms with a market cap of between R5 billion and R50 billion. These are some of the key trends highlighted in Deloitte’s Inaugural Executive Compensation Report. Published against the background of growing criticism of excessive executive remuneration at some listed firms, the report provides an analysis of six years’ worth of executive pay and company performance data and an assessment of the remuneration reports of these companies. The report also comes in the wake of the introduction of the King IV Report, which will be effective for financial years starting on or after 1 April 2017 and will raise the bar for the implementation and disclosure of executive pay practices.
- Read this report by Ingé Lamprecht in full at Moneyweb
Get other news reports at the SA Labour News home page