Directors Report

he Khokhela Directors Remuneration Report has been produced annually since 2009 and has been branded as a content rich document that highlights and analyses the remuneration paid to directors of JSE listed companies.

  • Data updated monthly on release of company annual reports
  • Companies with an annual turnover of R250 million or more
  • 7 Years of company data analysed
  • Close to 15,000 lines of data for the 7-year period
  • 260 JSE listed companies over a 7-year period
  • 9 Major SOEs
  • 7 Executive and Non-executive positions
  • 8 Industries
  • 6 Size categories based on market cap
  • 7 Financial indicators

Number of Incumbents per Position per Year:

Position 2011 2012 2013 2014 2015 2016 2017 Total by position
CEO 209 221 198 206 179 187 184 1 384
CFO 197 195 185 189 184 188 168 1 306
EC 26 27 24 25 14 18 17 151
ED 300 319 275 243 211 175 175 1 698
LID 9 21 40 50 77 87 93 377
NEC 167 151 171 176 160 151 144 1 120
NED 1 296 1 372 1 301 1 233 1 149 1 110 1 087 8 548
Total by Year 2 204 2 306 2 194 2 122 1 974 1 916 1 868 14 584

What are the Benefits?

  • As a shareholder you need to have an understanding of how the directors of your company are being remunerated in relation to a comparator group of companies and if remuneration it linked to performance.

  • Your responsibility is to ensure that the executive’s remuneration is line with an appropriate comparator group of companies based on both size and industry and is linked to performance

  • The CEO needs ensure that the executive team is adequately remunerated in relation to a group of comparator companies to ensure retention and attraction of new executives.

  • A holistic view of directors remuneration is needed across various categories i.e. comparators groups, size, industries and general market trends in order to validate any proposals presented to RemCo and the Board.

  • A general understanding of the market is needed to ensure that when analysing board packs, decisions made are based on confirmed market trends.