INTEGRATED ANNUAL REPORT FOR PHUTHUMA NATHI INVESTMENTS (RF) LIMITED

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MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018 77
Corporate governance review (continued)
Remuneration report
for the year ended 31 March 2018
h review incidents of unethical behaviour by
senior managers and the chief executive.
h annually review the company’s code of
business ethics and conduct
h annually review the committee’s charter and,
if appropriate, recommend amendments for
approval by the board, and
h perform an annual self-assessment of its
effectiveness, reporting these findings to
the board of directors.
The committee fulfilled its remit during
the year.
Composition and attendance
of the remuneration and equity
committee
The names of the current members of the
remuneration and equity committee are as
follows:
Name of committee
member
Date of first
appointment
to committee
Kgomotso Moroka (chair) 6 June 2014
Steve Pacak 6 June 2014
Bob van Dijk 20 March 2015
The committee is chaired by an independent
non-executive director, categorised as such
under King IVTM. Qualifications of members
can be found on of this
report and meeting attendance on of
this report.
BACKGROUND STATEMENT
Role of the remuneration and
equity committee
The remuneration and equity committee
comprised only non-executive directors as
at 31 March 2018. Executive directors and
certain members of management attend
meetings by invitation as appropriate.
The current members of the committee are
Adv Kgomotso Moroka (chair), Messrs Bob
van Dijk and Steve Pacak. Qualifications
of members and meeting attendance are
detailed on f this report.
Its main responsibilities are to:
h determine and approve general policy on
strategic remuneration issues, which must be
tabled at each annual general meeting for a
non-binding advisory vote by shareholders
h prepare an annual remuneration report for
inclusion in the company’s integrated annual
report
h annually review and approve remuneration
packages of the most senior executives,
including incentive schemes and increases,
ensuring they are appropriate and in line with
the remuneration policy
h annually appraise the performance of the
chief executive
h annually review the remuneration of
non-executive directors of the board and
its committees
h fulfil delegated responsibilities on share-based
incentive plans