ANELISA KEKE SENIOR MANAGER PEOPLE & ORGANISATION & EDITOR OF PWC'S EXECUTIVE DIRECTORS PRACTICES & REMUNERATION TRENDS

SA’s top companies are starting to embrace the concept of fair and responsible remuneration, and some have even adopted and disclosed a living wage that goes beyond the national minimum wage. The adoption of malus and claw back is also growing rapidly, with companies expected to demonstrate the contingency plans they have in place to recover incentives paid to executives who have overseen massive corporate failures.

PwC’s 11th edition of the Executive directors: Practices and remuneration trends report released today focuses on the role of the CEO, and what factors companies should take into account when calibrating their philosophy towards CEO pay. The report also explores the role of the CEO in setting the remuneration strategy of the organisation.