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Governance
continued
Key activities in 2017
•
•
Reviewed MTN’s remuneration policies to facilitate the attraction of new senior management and the
retention of critical specialist skills
•
•
Enhanced MTN’s short-term and long-term incentive schemes
•
•
Continued to work on improving succession planning at MTN
•
•
Recorded support of 62,2% of shareholders for MTN’s remuneration policy at the AGM in May 2017.
This was less than we would have liked. We will continue to engage with shareholders in an effort to
gain their support.
Mandate
The committee oversees the formulation of a remuneration philosophy and human resources approach.
This is to ensure that MTN employs and retains the best human capital possible for its business needs
and maximises the potential of its employees.
Remuneration and human resources committee
Members
Attendance
Alan Harper (chairman)
4/4
Azmi Mikati
4/4
Phuthuma Nhleko
4/4
Nkunku Sowazi
3/4
Jeff van Rooyen
4/4
By invitation: Group president and CEO, group CFO, group chief human resources officer
Key focus areas for 2018
•
•
Better align MTN remuneration policies to King IV principles
•
•
Continue to focus on the strength in-depth of the leadership team, ensuring that we have the right
skills and employee base in terms of gender and race
•
•
Oversee review of existing benefits, particularly of mobility employees, and review of other
remuneration-related policies and governance structures
•
•
Continue to work to align pay for performance with shareholders’ interests
•
•
Engage directly with shareholders on remuneration policy
•
•
Maintain our focus on enhancing succession planning at MTN.
Alan Harper
Chairman
“The committee’s major focus in 2017 was related to rebuilding the
management team: making sure we had the right remuneration policy, incentive
arrangements and employment equity in place. We evolved the short-term and
long-term incentive packages, making them suitable to recruit the people we
need, as well as incentivise existing senior management. We also focused on
succession planning. I am very satisfied at how the new management team has
established itself and created a clear strategic direction for MTN as well as
differentiation in the marketplace.”
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MTN Group Limited
Integrated Report 2017