Public Hearings on Companies Amendment Bill

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Public Hearings on Companies Amendment Bill TUESDAY, 20 FEBRUARY 2024 PROGRAMME OF THE SELECT COMMITTEE ON TRADE AND INDUSTRY, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, TOURISM, EMPLOYMENT AND LABOUR 1 Contents 2 Introduction Thank

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Public Hearings on Companies Amendment Bill TUESDAY, 20 FEBRUARY 2024 PROGRAMME OF THE SELECT COMMITTEE ON TRADE AND INDUSTRY, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, TOURISM, EMPLOYMENT AND LABOUR 1<br>
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Contents 2<br>
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Introduction Thank you for the opportunity to present our comments We commend the work of the Select Committee (SC), and duly note the incorporation of some of the previous feedback provided.
We are supportive of a well governed, effective remuneration system that promotes fair, responsible and performance driven remuneration for all employees in SA.
We further support a living wage for the most vulnerable employees in our society as a means to foster job creation, economic growth and a sustainable economy.
We appreciate the opportunity to represent the South African Reward Association (SARA) and the Institute of Directors in South Africa’s Remuneration Committee Forum (IoDSA Remco Forum)
The members of this combined workgroup are recognised subject matter experts and will answer any questions the SC may have as part of this presentation:
Ronel Nienaber: IoDSA Remco Forum Chair
Mr Nicol Mullins: SARA President; and
SARA Advocacy Committee/Exco members: Ms Lindiwe Sebesho, Dr. Mark Bussin, Mr. Laurence Grubb and Mr. Martin Hopkins
Our comments relate specifically to the proposed Sections 26, 30A and B, for kind consideration by the SC. 3<br>