97 / 108
MTN non-equity schemes for
employees in non-listed operations
outside South Africa
MTN offers non-South Africa-based employees
participation in the group’s notional share
option (NSO) scheme. This scheme enhances
MTN’s commitment to the ‘One Group, One
MTN’ philosophy.
Qualifying employees own options and also
participate in the growth of the group and its
operations, as applicable. The main objective of
the NSO scheme is to encourage an alignment
between the individual interests of senior
employees and the long-term success of the
group. Thus, the scheme’s design rewards
employees for the value gain derived from
the NSO price per share appreciation between
the allocation and vesting dates.
Non-executive directors’ remuneration
The R&HR committee is responsible for advising
on the remuneration of non-executive directors
(NEDs), including reviewing remuneration
recommendations as put forward by executive
management in consultation with external
remuneration consultants. The committee also
recommends remuneration for approval by the
board and shareholders. The remuneration for
NEDs is considered annually and is determined
in light of market practice and with reference to
the time, commitment and responsibilities
associated with the roles.
The MTN Group’s non-executive directors
receive an annual retainer and a meeting
attendance fee. They do not participate in any
type of incentive scheme nor do they receive
any employee-related benefits.
MTN Group Limited
Integrated Report 2017
95
Governance, people
and remuneration