Gerrie Fourie on shareholder backlash on the implementation of the remuneration policy

Capitec’s chief executive Gerrie Fourie formed part of last night’s BizNews Power Hour, outlining the reasoning behind shareholder backlash over the implementation of the remuneration policy, which was voted down by shareholders at the company’s annual general meeting last week. Executive remuneration is always a touchy subject. It becomes extra-touchy when many of the country, including the lion’s share of Capitec’s customer base, are experiencing financial hardships. For most, the issue is that of principle. However, Capitec has been the best performing business in this country over the past 20 years, creating significant value for shareholders since the start of the millennium. Learn more about your ad choices. Visit megaphone.fm/adchoices