Sign up to get notified as soon as new Remgro jobs are posted. investee companies’ operations and earnings. The majority of employees were able to continue to work from home during the initial Covid-19 lockdown levels and the Company continued to pay full salaries to all employees. During the 2021 financial year the committee will focus on the following forward-looking considerations: The Remuneration Policy provides an overview of Remgro’s remuneration principles for the organisation as a whole. Jannie Durand appointed CEO of Remgro . The recent negative impact of Covid-19 on the global and local economy, currency and market volatility and on the operations of specific investee companies (i.e. Venfin Ltd. 05/2006–PRESENT. Remgro Ltd. 11/2009–05/2012. The majority of employees were able to continue to work from home during the initial Covid-19 lockdown levels and the Company continued to pay full salaries to all employees. Rainbow Chicken Ltd . The details on the attendance of the formal meetings are set out in the Corporate Governance Report. CEO/Financial Director. Between the two of them they have 44 years of service working for Remgro and Remgro-related businesses. Remgro Limited: 09 Mar 2021, 00:10: REM no trades yet - last close at 08 March 2021: 10592c -53c (-0.50%) Source: JSE Ltd. Remgro Limited: 09 Mar 2021, 00:10: REM no trades yet - last close at 08 March 2021: 10592c -53c (-0.50%) Source: JSE Ltd. Remgro is an investment holding company. We all agree that there is … No salary increases were proposed and approved for members of the Management Board and management level employees for the 2021 financial year. LAST 10 TRADES OF … Salaries, reviews and more - all posted by employees working at Remgro. The committee is satisfied that it has carried out its responsibilities for the year in compliance with its mandate. In terms of committee composition the majority of the committee remains independent non-executive directors. The members of the committee for the year under review were: The Board acknowledges the recommended practice in King IV that the Chairman of the Board should not be the chairman of this committee but given the following reasons, this arrangement is deemed appropriate: The committee formally met twice during the year and had four further engagements via round robin discussions and decisions. The members of the Management Board voluntarily agreed to reduce their TGP by 30% for the months of April, May and June in solidarity to the serious impact that the initial lockdown and lockdown level five had on the economy, our investee companies, small businesses and the people of South Africa in general. Ensure that the Remuneration Policy and Remuneration Implementation Report are put to two separate non-binding advisory votes by shareholders at the AGM. Remgro Limited Rechtsform: Aktiengesellschaft: ISIN: ZAE000026480: Gründung: 2000 Sitz: Stellenbosch, Südafrika: Leitung: J. J. Durand (CEO) Branche: Holding: Website Remgro Limited: Remgro Limited ist eine südafrikanische Holdinggesellschaft mit Sitz in Stellenbosch. In line with this approach Remgro does not pay short-term incentives (i.e. Mr F Robertson (independent non-executive director). The company's CEO, Steven Koseff had his remuneration paid in pounds. Rupert is chairman and CEO of luxury goods group Richemont, and serves as chairman of Remgro. The Remuneration Policy is aligned with Remgro’s approach of rewarding all employees fairly and competitively, according to their capabilities, skills, responsibilities and level of performance. Evaluation of the Board, subcommittees and individual directors There are currently no open jobs at Remgro listed on Glassdoor. Mainly because of macroeconomic conditions outside of the control of management, the long-term incentive (LTI) plans have not yielded any or very little value to participants in the last number of years. This Remuneration Policy will be put to a non-binding advisory vote by shareholders at the next AGM on 30 November 2020. Tenure and committees: Appointed to the board in 2005, as a member of the audit committee in 2006, as chairperson of the social and ethics committee in 2012, as … Remgro has a formal Remuneration Policy that sets out the remuneration principles for the organisation as a whole. Evaluation of effectiveness of non-guaranteed remuneration. READ MORE jannie durand chief executive officer This report aims... Read more » To finalise and implement the Malus and Clawback Policy. Ultimate responsibility remains with the Board. Here For You During COVID-19 NEW! The committee remains committed to ongoing engagement with shareholders and welcomes any comment they may wish to provide. CEO Pay vs Investor return. Company profile page for Remgro Ltd including stock price, company news, press releases, executives, board members, and contact information Johann Rupert Chairman The South African economy continues to face a number of headwinds, domestic as well as global. The Remuneration and Nomination Committee advises the Board on matters such as the remuneration principles and terms of employment of all directors and Management Board members, the Board structure and composition, directors’ remuneration and long-term incentive schemes and succession plans for the Board, CEO and other Management Board appointments. The CEO, Mr Jannie Durand, is responsible for the day-to-day management of the Company and he is assisted in this regard by Mr Neville Williams (CFO). This was decided as many directors add significant value to the Remgro Group outside of the formal Board and committee meetings, sometimes greater than they might do within the confines of a formal meeting. Management, in consultation with their external advisor, is currently considering a number of alternatives to discharge their responsibility to ensure employees stay engaged and motivated and that the Company can continue to attract and retain the best employees. To review the performance measures and targets for each of the approved LTI arrangements to ensure they remain relevant for future awards. Jobs. See how working at The Blackstone Group vs. Remgro compares on a variety of workplace factors. Salaries, reviews, and more - all posted by employees working at Remgro. Mr P K Harris (independent non-executive director); Mr G T Ferreira (lead independent non-executive director) – retired at the 28 November 2019 committee meeting; Mr P J Moleketi (independent non-executive director) – appointed to the committee on 28 November 2019; and. The committee is satisfied and regard PwC as being wholly objective and independent. The Remuneration Policy is aligned with Remgro’s approach of rewarding all employees fairly and competitively, according to their capabilities, skills, responsibilities and level of performance. GUGU DINGAAN (41) BCom (Accounting), H Dip Acc, CA(SA) Independent non-executive (alternate for LM Mojela) Gender: Female. Stock analysis for Remgro Ltd (REM:Johannesburg) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The mandate set out in the terms of reference of the committee includes the following: In respect of its remuneration function –. The necessity to align the Company’s remuneration approach with corporate strategy; The Chairman receives no emoluments or fees from Remgro thus there are no conflicts with regard to the approval of nonexecutive director fees; The Chairman is a significant shareholder in the business hence it is not regarded as unreasonable for him to chair this committee; and. Jobs. The impact of the adjustments to the Remgro share plans are set out in the Implementation Report. Total spend on salaries amounts to R570 billion – of which R1.4 billion is paid out to the CEOs. Low confidence levels do not bode well for domestic demand growth, private sector fixed investment and employment creation in the second half of 2015 and 2016. In essence it is the committee’s role to ensure fair and responsible remuneration across the Company, by way of policy making and implementation, and that the disclosure of remuneration is accurate, complete and transparent. The annual salaries … See what employees say about what it's like to work at Remgro. These LTI plans are not currently delivering value to participants that, in turn, results in the LTI plans being less effective as a tool with which to motivate and retain employees and could lead to a loss of talent. The committee is governed by a mandate, reviewed and approved by the Board annually, that incorporates best practice governance recommendations and serves to assist members of this committee in the execution of their role and responsibilities. JJ Durand (CEO of Remgro) Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. The Company was prevented from making the planned annual awards in December 2019. While the restrictions were lifted in April 2020, the Company decided to postpone the making of the 2019 awards further due to the uncertainties of the impact of Covid-19 on investee companies and Remgro as a whole. The committee commenced with the introduction of Malus and Clawback into the Remgro remuneration framework. The committee is in the process of finalising the formal Malus and Clawback Policy, the implementation of which will be ongoing for the 2021 financial year. Alignment with the overall business strategy, objectives and values of Remgro; Remuneration design which supports the interests of shareholders; Mechanisms for ensuring that executive remuneration is fair and responsible in the context of overall Company remuneration; Remuneration design which supports the retention and attraction of key talent and supports succession planning; Compliance with best practice remuneration governance standards including prevailing labour law legislation; Recognising and encouraging exceptional and value-added performance in line with a performance-based culture; Ensuring that remuneration structures are consistent with the Company’s long-term requirements and decision-making; and. Remgro annual financial results: Jannie Durand – CEO, Remgro ‘FirstRand, Mediclinic and RCL Foods [have] done a remarkable job.’ By 17 Sep 2015 19:00 Other: Formerly a director of, inter alia, Remgro, Richemont Société Anonyme and British American Tobacco . See what employees say about what it's like to work at Remgro. The most significant impact on the economy as a whole as well as the Remgro share price during the reporting period was the outbreak of Covid-19 in China and the resulting global pandemic leading up to the announcement of a State of Disaster in South Africa. Octogenarian Neil Jowell of Trencor is comfortably the oldest of them – and is also the longest serving having been in the hot seat for six years longer than Shoprite’s Whitey Basson. Remgro Limited is an investment holding company based in Stellenbosch, South Africa. At RCL FOODS, we ensure that our company operates in an ethical and responsible manner by implementing a set of policies, laws and practices that protect the … The level of salaries to employees is one of a number of elements in its strategy to retain, motivate and, where necessary, recruit high-quality people. salary and benefits) and a long-term share plan, which only renders value if stretching performance conditions (where applicable) are met. Non-management employees received cost of living related salary adjustments of between 4.5% and 5.0% for the 2021 financial year. Jobs; Jobs Tips; How to Get a Job; 11 Recession-Proof Jobs; The Perfect Resume Looks Like This; How to Write A Cover Letter; 9 Attention-Grabbing Cover Letter Examples ; Quiz: What Job Best Fits Your Life? Remgro’s Remuneration and Nomination Committee is respon-sible for, inter alia, the establishment of a remuneration policy, overseeing the setting and administering of the remuneration of all directors, Management Board members and other employees, as well as the compensation of non-executive directors (which compensation is ultimately approved by the shareholders by special resolution before payment thereof). Employees at management levels also received a 0% increase and at non-management levels a cost of living adjustment of between 4.5% and 5.0% was awarded. The remuneration of directors and prescribed officers is disclosed in the Remuneration Report. The Remuneration Report provides an overview and understanding of Remgro’s remuneration principles, policy and practices. Salaries; Benefits; 10 UK Jobs Where You Can Earn More Than £65,000; The 25 Highest Paying Companies in the UK for 2019; 10 Highest Paying Entry-Level Jobs in the UK; How to Negotiate Your Salary; 5 Rules of Salary Negotiation; How to Ask for a Pay Rise; New On … It is aligned with the philosophy that they should be rewarded where value creation is demonstrated, without excessive risk taking in the short term. Chief Investment Officer. Here For You During COVID-19 NEW! Due to the nature of the business, the remuneration framework, on an organisation-wide basis, provides for fixed remuneration (i.e. As an investment holding company, the Remuneration and Nomination Committee (the committee) views increased market capitalisation, sustainable growth in the share price and above-average dividend yield as critical metrics to deliver value to shareholders over time. Employees that were not able to productively work remotely or were not able to work at all were required to utilise accrued annual leave during this time. Geschichte. During the 2020 financial year, the committee has engaged external remuneration consultant PricewaterhouseCoopers Inc. (PwC) as well as management and the Board in conducting their duties and responsibilities. As discussed in the Background Statement section of this report, the executive directors and other members of the Management Board will receive an average salary increase of 0% (2019: 3.4%) for the 2021 financial year, compared to an average salary increase awarded to general staff of 1.35% (2019: 6.3%). This two-tier approach makes the Remgro Remuneration Policy focused and avoids unnecessary layers of complexity. Invenfin is the venture and growth capital division of Remgro, E-mail Disclaimer | Disclaimer | PAIA | Site Map, Key objectives and principal integrated risks. 2. The information provided in this policy has been approved by the Board on recommendation by the committee. Read about the the COs and VPs who comprise the MTN Group Executive Committee, their directorships, career experience and qualifications. Rembrandt was incorporated in 1948. The Remuneration Policy is aligned with the Company’s approach of rewarding all employees fairly, responsibly and competitively, according to their capabilities, skills, responsibilities and level of performance.Key remuneration principles embedded in the Remuneration Policy are: Remgro’s remuneration philosophy is guided by its business strategy, namely a long-term approach to deliver value in a sustainable manner. Remgro’s founding history goes back to the forties of the previous century when the founder of the Group, Dr Anton Rupert, established, the tobacco company Voorbrand, forerunner of Rembrandt Group Limited (Rembrandt) in Johannesburg, South Africa. Sibanye- Stillwater and Remgro also announced a salary cut for executive management in an effort to contribute to South Africa’s efforts to ease the economic impact of Covid-19 on the poor. Group CEO, Adrian Gore, was rewarded with a total package of R19.8 million, including a R6.6 million basic salary, a bonus of R7.8 million, long-term … At the 2020 AGM Remgro will put its Remuneration Policy and Remuneration Implementation Report to two separate non-binding advisory shareholder votes (see ordinary resolutions numbers 16 and 17 in the Notice to shareholders) and the committee looks forward to a positive outcome in this regard. Remgro has a diversified portfolio of investments across industries, which include financial services, healthcare, consumer products, industrial, infrastructure, as well as media and sport. cash bonuses) and believes that management’s decision-making should be long-term focused. With effect from 2017, Remgro tables its Remuneration Policy and Remuneration Implementation Report for separate non-binding advisory votes by shareholders at its Annual General Meetings. This is the Remgro company profile. The 2018 Rules of the Remgro Equity Settled Conditional Share Plan (CSP) and Remgro Share Appreciation Rights Plan (SAR Plan) regard prohibited periods (which include cautionary periods) as a restriction which prevents the Company from making new awards to employees. The weak domestic macroenvironment, characterised by low economic growth, continued high levels of unemployment and rand volatility persisted during the financial year. Sie wird von der Familie von Johann Rupert kontrolliert. Bonus and grants skyrocket it to R13.9m 10. The following graph plots the SA companies’ CEO salaries and percent returned to investors in their respective latest financial years. Well certainly one argument is the fact that according to Fin 24 “Remgro Investment holding company Remgro’s CEO JJ Durand earned a fixed salary of R13.3m, his total salary amounted to R13.9m.” In the event of a 25% or more dissenting vote on the Remuneration Policy or Remuneration Implementation Report (or both) the Remuneration and Nomination Committee will engage with the dissenting shareholders as recommended by King IV. Ensure that succession plans for the Board, Chief Executive Officer (CEO) and other Management Board members are developed and implemented. Remgro has a formal Remuneration Policy that sets out the remuneration principles for the organisation as a whole. Assist the Board with the process of identifying suitable candidates for appointment as directors; Ensure the establishment of a formal and transparent process for the appointment of directors; Oversee the development of a formal induction programme for new directors; Evaluate the performance of the Board; and. Protecting the Company’s rights by means of standard contracts of employment. Learn more about each company and apply to jobs near you. Jobs. Our remuneration philosophy and policy are further detailed in the second section of this report. Remgro CEO Jannie Durand takes Business Day TV through the investment firm's annual performance.“The private sector has shown that it can run (health) facilities much better and cheaply. CEO unhappy at level of co-operation between the government and private sector in developing health-care strategy Invenfin is the venture and growth capital division of Remgro, E-mail Disclaimer | Disclaimer | PAIA | Site Map, Key objectives and principal integrated risks, Remgro Limited Remuneration Implementation Report. Glassdoor gives you an inside look at what it's like to work at Remgro, including salaries, reviews, office photos, and more. By I-Net Bridge 7 May 2012 14:44 . 03/2010–06/2012. Employees that were not able to productively work remotely or were not able to work at all … During the year under review, the Company unbundled its investment in RMB Holdings Limited (RMH) by way of a dividend in specie (RMH Unbundling). With consideration to the impact of Covid-19, the RMH Unbundling as well as the decision not to grant increases to the Management Board and other managers, the committee approved not to increase the NED fees for the 2021 financial year. Here For You During COVID-19 NEW! All content is posted anonymously by employees working at Remgro. Local and global economies almost completely halted at certain stages and the local lockdown regulations at different levels seriously affected the majority of Remgro’s ban on selling of liquor and significant reduction in non-Covid-19 related hospitalisation), it seems unlikely that any of the current “in-flight” LTI awards will yield the expected value from these plans. It has interests in banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food and personal care products. At the meeting, 96.02% and 97.97% of the ordinary shareholders, which excludes the votes of the B ordinary shareholders, voted in favour of the Remuneration Policy and Remuneration Implementation Report, respectively. Salaries, reviews and more - all posted by employees working at Remgro. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. Non-management employees received cost of living related salary adjustments of between 4.5% and 5.0% for the 2021 financial year. REMGRO LIMITED - Bid in open market to create liquidity for RCL Foods shareholders: 30/11/2020: REMGRO LIMITED - Changes to the board: 30/11/2020: REMGRO LIMITED - Report on proceedings at the annual general meeting: 30/10/2020: REMGRO LIMITED - No change statement and notice of annual general meeting: MORE SENS NEWS GOOGLE NEWS FOR REMGRO LIMITED. Replaces the late Thys Visser. His basic salary amounted to £1.7m which is R31.17m. South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont. Continued poor performance from state-owned entities (SOEs), particularly Eskom, and the resulting downgrade of our economy to junk status contributed significantly to weakened overall trading conditions. See what employees say it's like to work at Remgro. Remgro’s Remuneration Policy and Remuneration Implemen-tation Report were tabled for separate non-binding advisory votes at Remgro’s Annual General Meeting held on 29 November 2018. At the Annual General Meeting (AGM) held on 28 November 2019, Remgro’s Remuneration Policy received a favourable vote by Ordinary Shareholders of 93.99% and the Remuneration Implementation Report received a favourable vote by Ordinary Shareholders of 94.97%. PSG founder Jannie Mouton’s son Piet, at 37, is three years below the next youngest CEO (pictured right). In 2015, Forbes listed Remgro as the 9th biggest publicly traded company in South Africa and 1436th in the world. Executive Director. This position was reviewed at the June 2020 Remuneration and Nomination Committee meeting and it was decided to further postpone the making of these awards to the latter part of 2020. To review the short-, medium- and long-term impact of recent corporate activities and the Covid-19 pandemic on reward principles and practices to enable our ability to attract, retain and motivate all employees. All salaries and reviews are posted by employees working at The Blackstone Group vs. Remgro. The committee considered the advice, opinions and services received by PwC during the 2020 financial year. Remgro issued a cautionary announcement in November 2019 with regards to the RMH Unbundling which resulted in the Company entering a cautionary period. The list of CEOs of South Africa’s Top 100 Companies makes fascinating reading. The fee paid to non-executive directors is thus a fixed annual fee. Oversee the establishment of an organisation-wide Remuneration Policy that promotes positive outcomes across the economic, social and environmental context in which Remgro operates; Promote an ethical culture and responsible corporate citizenship in the context of remuneration; Oversee the fair, responsible and transparent setting and administering of remuneration of all employees; Advise on the fees of non-executive directors, for approval by shareholders at the AGM; Ensure that remuneration meets Remgro’s needs and strategic objectives and is administered in accordance with the shareholder-approved plan rules; Oversee the preparation and recommendation to the Board of the Remuneration Report to be included in the Integrated Annual Report; and.

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