2022 Remuneration Report of the Year Award Nominations

SARA

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.



DETAILS OF NOMINEE COMPANY







TEAM LEADER CONTACT DETAILS




DETAILS OF NOMINATOR (IF DIFFERENT TO TEAM LEADER)








AUTHENTIFICATION OF NOMINATION

I, the undersigned, hereby declare that the foregoing nomination is bonafide.








REMUNERATION REPORT



CONDITIONS

  • All motivations for nominations must be submitted on the official SARA nomination form.
  • Entries are only open to companies resident in South Africa.
  • Non-SARA members may participate. An entry fee of R400-00 will be charged for entries from organisations that are not members of SARA.
  • Nominations will be evaluated against strict criteria and high industry standards.
  • A copy of the remuneration report being nominated must be appended to the official SARA nomination form.
  • Consultants are not eligible to be nominated however they are eligible to nominate.
  • The final winner will be selected by an independent panel of judges, subsequent to a SARA screening and validation process.
  • The ruling of the independent panel of judges for each category will be final and no correspondence will be entered into.
  • The winner will be announced at the SARA Virtual Reward Awards on 5 November 2022.
  • The remuneration report must have been published online or in hard copy format on or before 30 June 2022 and must relate to the company’s financial year ending on or before 31 March 2022.
  • The closing date/time for submitting nominations is 16 August 2022 (by 12-noon).

Contact Information