Context
This award recognises organisations for the alignment of their remuneration reporting and disclosure, against the key principles of the King IV™ governance guidelines which exemplify fair, responsible and transparent policy and practice.
Evaluation
The 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 - Description of Remco responsibilities, decisions & composition;
- Remuneration philosophy - Summary of the philosophy and general principles applied which supports the philosophy;
- Remuneration policy - Details of the policy including the various components of remuneration;
- 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 (as applicable);
- Retention payments - Description of payments/plans (if applicable) which deal specifically with retention as opposed to incentives;
- Remuneration paid - Details of Single Figure 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/role; and
- Non-Executive directors - Description of fee structures and payments made.
Placing
We
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.
Report eligibility
Participants may submit their most recent published remuneration report, with submissions to SARA by 16 August 2022.