A good result. of Bob van Dijk's and Basil Sgourdos's longer-term incentives was balanced approximately as follows: Balance of all unvested LTI, including the FY20 LTI grant, Since 1 April 2018, the group purchases Naspers shares on the JSE for the purpose of issuing new Naspers SOs to employees and settling gains made on all share-based incentive schemes. The minimum STI payout was 0% of salary/TCTC. Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, received remuneration of US$15.98-million, or R276-million, in the past year, according to the Naspers annual report published on Tuesday. If I'm paying R35 000 a month to rent a one-bedroom apartment, I better be getting somethi... [imagesource: Bugatti] The coveted title of ‘World’s Fastest Production Car’ once... 2oceansvibe.com is part of the 2oceansVibe Media Group, Naspers Spinoff Company Valued At Around $100 Billion, These Are The 12 Biggest Companies In SA Right Now, Naspers Are Spending Big Bucks On Local Tech Start-Ups, Johnny Depp Versus Amber Heard: Drugs, James Franco, And Elon Musk In Latest Lawsuit, “Game-Changer” – It’s Taken 20 Years To Perfect The Ultimate Superyacht, SABC Still Struggling To Explain Its TV Licence Plan, 2OV Throwback Thursday – The ‘Ali G Interviews Trump’ Viral Video, South Africa Has A Serious Gonorrhoea Problem, One-Bed Oranjezicht Apartment Going For Same Rent As Two-Bed Clifton Apartment, New Bugatti Bolide ‘Will Lap Le Mans Faster Than Any Car In History’ [Video]. Dividend per N ordinary share 20 (SA cents) (FY20 reflects dividend proposed), Remuneration must incentivise theachievementof strategic, operational and financial objectives, in both the short and longer term, •Independent: with oversight, top-down via board•Managed: all employee pay decisions are properly overseen, •Considered: judgement is applied; we shy away from formulaic appraisals that could lead to unacceptable outcomes, •Sustainable: remuneration designed with sustainability in mind, •Relevant: linked to personal and company performance, Executive director remuneration for the year ended 31 March 2020, Total remuneration for executive directors for the year ended 31 March 2020, Executive director remuneration for the year ended 31 March 2020 (FY20). Naspers said Van Dijk continues to exceed that requirement. We think total compensation is more important but we note that the CEO salary is lower, at US$1.3m. On Wednesday, the JSE-listed company said Van Dijk had exercised stock appreciation rights (SARs) in the Naspers Global Ecommerce Share Appreciation Rights plan, receiving 414,932 Naspers N ordinary shares in settlement of the gain. All financial figures are from continuing operations. Naspers has announced its results for the twelve months ended March 2020, which reflects solid growth despite the uncertain macro-environment, exacerbated by the Covid-19 pandemic.

Aviation: Taking off ... but clouded in ... Remgro: A stock that all South Africans should own, ANTHONY CLARK: Second opinion on Ascendis. In addition, shareholders have done well over the same time period. Are online meetings as effective as face-to-face. Read more on pages 7 and 8 of the integrated annual report. We aim to bring you long-term focused analysis driven by fundamental data.

(4)Medical insurance, life and disability insurance.

Love or hate this article? Naspers remuneration policy has been criticised in the past for being opaque and unjustified. This demonstrates that the company has been improving recently. Actual payout over FY20 performance; achievement of STI goals are shown on pages 5, 15 and 25 of the remuneration report and on pages 6, 9 and 13 in the integrated annual report. In Naspers’ annual report, which was published yesterday, the yearly remuneration of Bob van Dijk, the CEO of Naspers and its European-listed spin-off Prosus, was laid out. However, to address shareholder concerns about potential dilution in future should the group return to issuing new Naspers N shares for purposes of its share-based incentive schemes, and notwithstanding the shareholder approval currently in place, the board has determined that no more than a further 21 775 553 new N ordinary shares (approximately 5% of the current, N ordinary share capital post the share repurchase programme executed in the 2020 financial year). How we add valueWe pursue growth by building leading companies that empower people and enrich communities, Read more on page 18 of the integrated annual report, Underpinned by our active capital allocation and strategyWe ensure that we optimise our portfolio for growth and competitiveness. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. (3)Includes for CFO an additional variable bonus over FY20 capped at 25% of TCTC relating to obtaining new general funding. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.4m. 24 Kippax St, Sydney The internet and e-commerce group said it executed several significant strategic initiatives over the reporting period, which it said it believes will unlock value over time.

Naspers Limited has seen earnings per share (EPS) move positively by an average of 27% a year, over the last three years (using a line of best fit). Naspers CEO Bob van Dijk has sold shares in the Cape Town-based company for close to R1bn. So check out this free list of interesting companies, that have HIGH return on equity and low debt.
That’s a notable increase of 24% on last year. Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, received remuneration of $15.98-million, or R276-million, in the past year, according to … Medical insurance, life and disability insurance.

Overall revenue growth in e-commerce, adjusted for acquisitions and disposals, grew 32% in local currency, a 6% acceleration year on year. In Naspers’ annual report, which was published yesterday, the yearly remuneration of Bob van Dijk, the CEO of Naspers and its European-listed spin-off Prosus, was laid out.

There aren’t very many mega-cap companies, so we had to take a wide range to get a meaningful comparison figure. Multimedia and investment group Naspers has published its annual report for the year ending March 2020, revealing how much its top two executives got paid. I can almost smell the weekend. * Plus maximum 25% bonus linked to general funding. The shares were awarded by the company through its share incentive scheme. Core headline earnings (including Tencent), Achieve revenue target (on an economic-interest basis and excluding M&A) Achieve core headline earnings at target, including Tencent, Core headline earnings (excluding Tencent). The costs of their remuneration as executive directors of these entities are split 10/90 between Naspers and Prosus. “The group’s focus is on safety, plus leveraging its financial flexibility to continue building a business that grows strongly, generates high rates of return and provides employment for thousands over the long term,” it said. In addition, Van Dijk could be paid as much as $16.3m (R234.65m) in total remuneration for the 2020 financial year if the company’s fortunes continue to improve. For a participant to make a gain under the scheme rules, the valuation on the exercise date must be greater than the value on the grant date. Arguably, business quality is much more important than CEO compensation levels. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. Annual fixed payAnnual STI (target)Annual LTI at fair value, In accordance with schedule 14 of the JSE Listings Requirements and the South African Companies Act, shareholders authorised the board at the annual general meeting in August 2011 that up to 40 588 541 N ordinary shares (approximately 10% of the then issued N ordinary share capital) may be issued for purposes of the group's various share-based incentive schemes. Effective FY21 this structure is aligned to that of the CEO, without impacting the total target cash position. The figure disclosed in the 2019 remuneration report was estimated and therefore differs slightly from the figure reported in this table. Both executives have unvested long-term incentive payouts valued at $34.3 million (R592 million) and $13.7 million (R236.5 million), respectively, which are expected to be delivered over the next three financial years (to 2023). The balance of CEO/CFO LTI is focused towards consumer internet businessThe estimated fair value(1)of Bob van Dijk's and Basil Sgourdos's longer-term incentives was balanced approximately as follows: Compensation is mostly 'at risk' and longer term, Balance of the FY20 LTI grantBalance of all unvested LTI, including the FY20 LTI grant. At the same time, the report stated that due to ongoing uncertainty during the current pandemic, executive directors would not receive any performance-related salary increases during the 2020 financial year. The actual value accruing to the executive will depend on the real value created over the time of the award. ** Achieved 12.86% of the variable bonus capped at 25% of total cost to the company by obtaining new general funding. The group's share-based incentive schemes are set out in equity compensation benefits in the notes to the annual financial statements on. In Naspers’ annual report, which was published yesterday, the yearly remuneration of Bob van Dijk, the CEO of Naspers and its European-listed spin-off Prosus, was laid out. Naspers has announced its results for the twelve months ended March 2020, which reflects solid growth despite the uncertain macro-environment, exacerbated by the Covid-19 pandemic. (6)Represents the fair value on grant date in accordance with IFRS 2 of awards made during FY20. The target and maximum STI opportunity are the same. At the time of writing, our data shows that Naspers Limited has a market capitalization of R1.2t, and reported total annual CEO compensation of US$16m for the year to March 2020. Measured similarly, and including the stepped-up investment in food delivery, group trading profit grew 13% year on year to $3.7 billion. Please read our Comment Policy before commenting. Salaries posted anonymously by Naspers employees. The potential gain of awards vested during FY20 is shown on page 17 of the remuneration report. at the technology firm vested in five tranches, with the first tranche of 1,493,226 vesting in September 2015 and the second of 1,493,226 vesting a year later. (2)Actual payout over FY20 performance; achievement of STI goals are shown on pages 5, 15 and 25 of the remuneration report and on pages 6, 9 and 13 in the integrated annual report.
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. Nasper group chief financial officer, Basil Sgourdos, meanwhile took home $9.17 million (R153.8 million) – comprising a base salary of $950,000 (R16.4 million) and short-and long-tern incentives of $8.1 million (R140 million). Best Cities for Jobs 2020 NEW! Naspers CEO Bob van Dijk has sold shares in the Cape ... whereby he must hold 10 times his base salary in Naspers shares at all times. Naspers sets aside a smaller share of compensation for salary, in comparison to the overall industry. However, this doesn’t necessarily mean the pay is too high.

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