Remuneration strategy

The committee reviewed in detail all the fatality reports presented before it, whether work, non-work related, or third party. Be aware of what comparable companies are paying and should take account of relative performance.

The whole area of executive pay is one where trust must be created or restored through good governance and this is exercised through the use of a remuneration committee.

This alignment should, in theory, overcome the agency problem of the separation between ownership and control since the executive in effect becomes the owner.

The outcome of the assessment process was positive, reflecting that the committee meets best practice, and is functioning effectively and efficiently. It has a clear policy on remuneration that is well understood and has the support of shareholders. Share options give the executive the incentive to manage the firm in such a way that share prices increase, therefore share options are believed to align the managers' goals with those of the shareholders.

In addition to skills and experience, the Nomination Committee also considered other demographic aspects of the Board, including nationality, race and gender.

The company complies with the Employment Equity Act and has implemented appropriate policies that are based on the principle of creating equal opportunity for all within a diverse workforce with a substantial number of members of designated groups at all levels; supported by appropriate performance and talent management processes and activities, set recruitment targets, clear development and training programmes, and coaching and mentoring programmes among others.

Executives treat share options as part of their compensation and almost always exercise the option when it becomes available. SHE initiatives and risk management protocols continue to receive key focus, with the CEO continuing to provide leadership and direction on strategic implementation of these initiatives not only within the company but extending the various programmes to include contractors, service providers and where applicable, surrounding communities.

The record of attendance is contained here.

Always have an exit clause in any stock bonus incentives. Safety, health and environment SHE During the period under review, the committee performed its responsibility of overseeing the performance of the company against its set SHE targets and objectives, and considered various reports relating to SHE risks and opportunities that face the company.

The committee also considered the JSE Listings Requirements in so far as they relate to race diversity. The results of the self-evaluation process reflected that the committee was satisfied with how it executed its responsibilities and fulfilled its mandate.

The setting of base salary in relation to peer groups may give some indication of expectation of director performance since upper quartile salaries generally suggest the individual is being paid a premium for a premium effort over the future period. Be sensitive to the wider scene, including pay and employment conditions elsewhere in the company especially when determining annual salary increases.

The committee confirms that for the period, it discharged its duties and responsibilities in accordance with these updated terms of reference. Over time, the employee can build up a significant asset that provides a start for his or her own herd.

This gives an incentive to keep focused on quality as it has a direct impact on the bonus. Tongaat Hulett regularly conducts benchmarking studies to establish appropriate remuneration levels and practices to ensure fair, transparent and responsible remuneration for all staff including management.

Our walnut operation has complete vertical integration beginning with nursery production, developing our own trees for planting, continuing with management of the orchards and growing the nuts with harvesting and drying capabilities.

We have a geographically diverse orchard portfolio located in Tasmania and New South Wales. Compliance Solutions ACG is a national leader in design and implementation of effective compliance programs based on our "bottom up" framework for compliance management; focused on front-line monitoring and evaluation, bringing compliance excellence.

sgtraslochi.com: Reward Management: A Handbook of Remuneration Strategy and Practice (): Michael Armstrong, Helen Murlis: Books. Introduction Welcome and introduction Welcome to our ‘Into focus’ report which looks at recently published Directors’ Remuneration Reports (DRRs) for the FTSE and considers the implications.

Elite Electronic Systems is the leading provider of Sub-Contract Electronic Manufacturing Services, to a diverse customer portfolio. UniSuper is an Australian superannuation fund that provides superannuation services to employees of Australia's higher education and research sector.

A remuneration package includes salary or wages but may also contain other benefits or rewards such as accommodation, a car, telephone, gas or .

Remuneration strategy