68 / 220
Non-executive remuneration
Directors’
fees
R’000
Consulting
fees
R’000
Total
R’000
Non-executive directors
LM Nestadt
1 214
–
1 214
K Ellerine
439
–
439
G Harlow
1 363
–
1 363
J Mthimunye
820
–
820
JS Vilakazi
564
–
564
P Mahanyele
339
–
339
Y Mahomed
#
303
–
303
5 042
–
5 042
#
Resigned 11 January 2017.
The proposed fees payable to Non-Executive Directors are set out below:
Current fee
2017
R
Proposed fee
2018
R
Services as Directors
– Chairman of the Board (per annum)
1 008 404 1 700 000
– Board members (per meeting)
46 171
–
– Board members (per annum)
–
375 000
Audit, Risk and Compliance Committee
– Chairman (per meeting)
64 126
–
– Chairman (per annum)
–
340 000
– Member (per meeting)
38 476
–
– Member (per annum)
210 000
Remuneration and Nomination Committee
– Chairman (per meeting)
51 301
–
– Chairman remuneration (per annum)
–
200 000
– Chairman nomination (per annum)
–
140 000
– Member (per meeting)
30 782
–
– Member (per annum)
–
120 000
Investment Committee
– Chairman (per meeting)
38 476
–
– Chairman (per annum)
–
200 000
– Member (per meeting)
23 086
–
– Member (per annum)
–
120 000
Transformation, Social and Ethics Committee
– Chairman (per meeting)
38 476
–
– Chairman (per annum)
–
120 000
– Member (per meeting)
23 086
–
– Member (per annum)
–
75 000
Ad hoc Committee
– Chairman (per meeting)
38 476
45 000
– Member (per meeting)
23 086
27 000
The Remuneration and Nomination Committee is satisfied that the remuneration policy has been complied with for the year
under review.
GD Harlow
Chairman
23 November 2017
Remuneration report
continued
BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
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