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Remuneration Report
- Course
- Remuneration and Benefits
- Institution
- Stellenbosch University (SUN)
Comprehensive Compensation Report
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Lecturer: Dr Marizanne KoenModule: Compensation
2024 – 14268-712
Name of Student: CN Mbokodo
Student number: (27725685)
Course: Postgraduate Diploma Strategic HRM
Assignment: 03
Submission date: 15 May 2024
0
, DECLARATION
I declare that, unless otherwise noted, the work contained in this assignment is my original
work and that I have not previously (in its entirety or in part) submitted it for grading in this
module/assignment or another module/assignment.
Studentenommer / Student number Handtekening / Signature
27725685 Cmbokodo
Voorletters en van / Initials and surname
Datum / Date
CN Mbokodo
15-05-2024
1
, Contents
PART 1
DECLARATION................................................................................................................ 1
About this remuneration report ..................................................................................... 1
CHAIRPERSON’S STATEMENT ....................................................................................... 1
Key features of our financial results for Financial year 2022/23........................................ 2
Remuneration Governance ........................................................................................... 4
Remuneration committee composition ......................................................................... 4
Remuneration committee mandate ............................................................................... 4
Table 1: CEF Group Board approved salary increase mandated process ........................... 5
Remuneration outcomes .............................................................................................. 6
Shareholder engagement and voting.............................................................................. 6
External advisors ......................................................................................................... 6
Conclusion and Approval .............................................................................................. 7
PART 2: REMUNERATION POLICY ................................................................................... 8
Group Remuneration Philosophy ................................................................................... 9
Remuneration Framework ............................................................................................ 9
Remuneration Strategy ................................................................................................ 10
Remuneration Components ......................................................................................... 10
Remuneration Mix ....................................................................................................... 11
PART 3: IMPLEMENTATION REPORT .............................................................................. 15
Salary Increases Implemented in 2022/23 at CEF Group Entities..................................... 15
Table 2: 2022/2023 salary budgets per entity ................................................................. 16
Short-term Incentive Bonuses based on 2022/23 Performance Outcomes ....................... 17
2
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