Responsible Remuneration_31 October 2014
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Licking executive pay to value create

When: 31 October 2014
Registration starts at 08h30 and course starts promptly at 09h00
Where: IoDSA Training Room
144 Katherine Street, Sandton
Grayston Ridge Office Park, Block B 1st Floor
Johannesburg, Gauteng  2196
South Africa
Contact: Lihle Mbata

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Responsible Remuneration

King Code of Governance principles (King III)

  • Principle 2.1 (3): The board’s paramount responsibility is the positive performance of the company in creating value.
  • Principle 2.25 (147): Companies should adopt remuneration policies and practices for executives that create value for the company over the long term.


What is value and how is it created?  What performance indicators should be used to measure and manage value creation? What is the responsibility of directors in this regard?This practical full day course has been designed to alert directors to the common pitfalls of poorly stated performance indicators and how to overcome them. Such pitfalls may include short-termism, an over emphasis on financial indicators at the expense of non-financial indicators and an absence of sustainability indicators.  Real-life examples will be given and delegates will have the opportunity to put the theory to practice through worked examples. An extensive reading list will be provided. The targeted delegates for this course are Remuneration Committee members, who have the responsibility for recommending appropriate performance indicators and executive pay, and the whole Board which has the responsibility for approving them and reporting to shareholders.


Key focus areas

  • On completion of this course delegates will know how to:
  •  Design value creating performance indicators which are applicable to their company’s specific circumstances;
  • Apply the principles of the balanced scorecard;
  • Incorporate relevant sustainability indicators in the balanced scorecard and,
  • Link executive incentives to the achievement of performance indicators.