Investec's remuneration committee wants the company to cover personal security costs of the group's executives in SA because of the high crime rate in the country. to reconsider providing personal security to its executive directors at the company's expense.
During Investec's 2022 annual general meeting on Thursday, Just Share-linked shareholders said executive pay at Investec was already"at excessive levels". They questioned why the company should additionally bear their personal security costs in a country where inequality and pay gaps are constantly on the rise.
Investec had proposed a special resolution asking shareholders to approve the amendment of its remuneration policy to allow the company to cover personal security costs borne by its executive directors because of the high crime rate in the country. The bank's remuneration committee wanted to ensure that its high-profile senior executives, including its CEO and chief financial officer, feel more secure.Get 14 days free to read all our investigative and in-depth journalism.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »
PODCAST | How to chart a course through a stormy sea of global supply-chain issuesSPONSORED | In this informative podcast, Investec for Business experts unpack the logistics problems plaguing SA importers and share solutions. Investec
Source: BDliveSA - 🏆 12. / 63 Read more »