A Proposal to Curb Excessive Executive Remuneration

2006 (2) Speculum Juris 259

Posted: 14 Apr 2016

Date Written: 2006

Abstract

In the light of the King Report on Corporate Governance (King I) of 1994, existing vacuum concerning directors’ reports in the South African corporate law, this paper makes recommendations for curbing excessive remuneration for directors of companies. The paper supports the argument that excessive rise in directors’ remuneration will be curbed by introducing an advisory vote on directors’ remuneration similar to that introduced in the United Kingdom (UK) since there is evidence that the UK approach is proving successful and South African shareholders have voted against excessive directors’ pay.

Keywords: South Africa, Corporate law, directors' remuneration, corporate governance, UK

Suggested Citation

Ncube, Caroline B., A Proposal to Curb Excessive Executive Remuneration (2006). 2006 (2) Speculum Juris 259. Available at SSRN: https://ssrn.com/abstract=2758606

Caroline B. Ncube (Contact Author)

University of Cape Town ( email )

Private Bag
Rondebosch 7701
South Africa

HOME PAGE: http://www.commerciallaw.uct.ac.za/claw/staff/academic/cncube

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