HRM3705
Assignment 4 Semester 1 2024
Detailed Solutions, References & Explanations
Unique number: 590015
Due Date: 20 May 2024 before 20H00
QUESTION 1
The proposed amendments to the Companies Act 71 of 2008 introduced in the Companies
Amendment Bills, 2023, are set to revolutionize how public and state-owned companies
report on remuneration practices. These amendments mandate the preparation of a
comprehensive remuneration report that includes a policy overview, detailed disclosures of
directors and officers' remuneration, and insightful data concerning the highest, lowest,
average, and median employee pay. Moreover, it necessitates revealing the pay gap
between the top 5% highest-paid and the bottom 5% lowest-paid employees. These
changes are anticipated to significantly impact transparency and accountability in
remuneration practices.
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