award recognises organisations for the alignment of their remuneration
reporting and disclosure, against the key principles of the King IVTM
governance guidelines which exemplify fair, responsible and transparent policy
judging panel will evaluate nominations against the King IV principles, and the
report worthy of an award will demonstrate the following:
- Contextual setting to the remuneration report; background statement; demonstration of principles of remunerating fairly, responsibly and transparently;
- Remuneration committee - Remit, activities, decisions & composition;
- Remuneration philosophy - Summary of the philosophy and general principles applied;
- Remuneration policy - Details of the policy and the various components;
- Base Pay - Description of how it is set and increases awarded;
- Shareholder engagement - Description of the voting results and the shareholder engagement;
- STI - Description of the plan, earnings potential and KPIs (as applicable);
- LTI - Description of the plan(s), earnings potential and performance conditions;
- Retention payments - Description of payments/plans which deal specifically with retention as opposed to incentives;
- Remuneration paid - Details of remuneration paid during the year and outcomes from KPIs/performance targets;
- Share plan dilution – Overall limits, headroom available etc.;
- Minimum Shareholding requirements – Including actual shareholding;
- Employment contracts - Key features per relevant individual; and
- Non-Executive directors - Description of fee structures and payments made.
will be recognising the top 3 nominated organisations (through third, second
and first place) and celebrating the success of those who are building
tomorrow’s total reward practices today.
Remuneration reports published prior to 30 June 2020 and in respect of financial years ending on or before 31 March 2020 will be eligible for nomination.