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Executive bonus parameters for 2017
Given the significant recent changes to our executive team, here we provide the executive bonus
parameters governing the bonus plan for 2017:
Designation
Company
performance
Team
performance
Minimum
bonus
On
target
Maximum
bonus
Group president and CEO
70%
30%
0% 100%
200%
Group CFO
70%
30%
0% 100%
175%
Group chief operating
officer
50%
50%
0% 100%
175%
Vice president: digital
services, data analytics
and business
development
50%
50%
0% 100%
160%
Group chief human
resources officer
50%
50%
0% 70%
140%
Group chief legal counsel
50%
50%
0% 70%
140%
Group chief regulatory
and corporate affairs
officer
50%
50%
0% 70%
140%
Vice president for
SEAGHA
30%/30%
Group/region
40%
0% 70%
140%
Vice president for WECA
30%/30%
Group/region
40%
0% 70%
140%
Vice president for MENA
30%/30%
Group/region
40%
0% 70%
140%
CEO: MTN South Africa
30%/30%
Group/opco
40%
0% 70%
140%
CEO: MTN Nigeria
30%/30%
Group/opco
40%
0% 70%
140%
For 2017, the executive directors’ bonuses were calculated in line with the approved bonus principles.
Full actual amounts of the bonuses paid can be found on page 98.
MTN Group Limited
Integrated Report 2017
89
Governance, people
and remuneration