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 private-hospital group Mediclinic International said it was “disappointed” after a large portion of shareholders voted against its remuneration report and a resolution to allow directors to allocate shares in the company.
“The views of all shareholders are important to us and we are disappointed in this outcome,” Mediclinic said after 28.6% of shareholders at its annual general meeting (AGM) voted against its pay report and 21.1% disagreed with the share-allotment plan. The company said further: “We will reflect carefully on the different feedback already received and continue to engage with shareholders on this important issue, to understand more fully the reasons for their position.” An update will be published within six months. The high proportion of votes against the resolution to allow directors to allot ordinary shares “reflects the prevailing institutional voting policies in SA”, Mediclinic also commented. Meanwhile, 16% of votes opposed a resolution allowing directors to make political donations.
- Read the full original of Nick Hedley’s report in the above regard at BusinessLive
Get other news reports at the SA Labour News home page