In this section
The Remuneration Committee’s mandate is to ensure that remuneration supports the strategic aims of the business and that packages are sufficient to recruit, motivate and retain senior executives while complying with regulatory and governance principles.
" We recognise that intellectual capital remains a critical source of a company's value."
|Joe Madungandaba Non-executive Director (Chairman)||5/5||100|
|Shirley Zinn Independent Non-executive Director||2/3||67|
|Ronnie Wa-Mundalamo Independent member||4/5||80|
|Ahmed Banderker* Group CEO and Executive Director||3/5||60|
|Willem Britz Executive Director||1/5||20|
|*||Ahmed Banderker attends the committee in his ex-officio capacity as the Group CEO from 1 April 2019.|
Independence of committee: 100%
Key matters the committee focused on
Agree and develop the Group's general policy on executive and senior management and employee remuneration. This general policy will be referred to shareholders for such shareholders to pass a non-binding advisory vote on AfroCentric's annual remuneration policy
Approves the remuneration report for purposes of disclosure as per King IV
Determine the specific remuneration packages for Executive Directors of the Company
Identify the criteria necessary to measure the performance of Executive Directors in discharging their functions and responsibilities
Review (at least annually) the terms and conditions of Executive Directors' service agreements, taking into consideration information from comparable companies, where relevant