The group’s remuneration committee operates in accordance with formal terms of reference approved by the board. The committee is mandated by the board to oversee the establishment and implementation of a group-wide remuneration policy.
This policy is founded on the principle of fair, responsible and transparent remuneration practices, and seeks to:
– remunerate all employees in such a way so as not only to attract and retain talented, high-performing individuals, but also to motivate all employee to contribute continuously to the success of the group;
– promote the strategic objectives within the group’s risk appetite in the short, medium and long terms;
– promote positive outcomes; and
– promote an ethical culture and responsible corporate