SBN HOLDINGS LIMITED Annual Report 2022
146
ANNEXURE C - EMOLUMENTS OF DIRECTORS
SBN HOLDINGS LIMITED
Annual report 2022
147
Linking
remuneration
and strategic
progress
Remuneration policy
summary
People are at the heart of our business. To satisfy our clients,
meet their needs and accelerate our strategy to achieve
higher growth and efficiency, our people must be highly skilled,
experienced and engaged.
Our responsibility to them is to ensure that they have the
resources and advanced capabilities needed to support our
ambitions and are recognised and rewarded for their performance
and the value they create for our stakeholders.
The remuneration policy sets out our methodology, agreed by
remco, to remunerate our employees and it ensures that value is
appropriately shared among our shareholders, senior executives
and employees.
Key objectives guiding our
remuneration policy
1
Measure and reward for value
created for all stakeholders over
the short, medium and long term.
2
Be competitive in the global
marketplace for skill.
3
Reward our people fairly while
avoiding a bonus-centric culture
that distorts motivations and
may encourage excessive and
irresponsible risk-taking.
Executive directors and prescribed officers' emoluments
Basic salary
Mrs M Geises¹
2022
N$'000
2021
N$'000
Mr V Mungunda²
2022
N$'000
2021
N$'000
Mrs L du Plessis
2022
N$'000
2021
N$'000
2022
N$'000
Total
2021
N$'000
Cost to company package
3 918
2 574
1 818
2 209
2 124
6 127
6 516
1 815
1 135
1 293
1 753
1 682
3.568
4 110
Retirement contributions paid during
the year
602
388
147
244
235
846
770
Other benefits and allowances
1 501
1 051
378
212
207
1 713
1 636
Short-term cash incentive
1 350
1 812
610
611
1960
2 423
Total reward (excluding conditional
long-term incentive awards)
5 268
2 574
3 630
2 819
2 735
8 087
8 939
DBS vesting cash and notional
dividends
1 115
871
1 880
329
311
1 444
3 062
Total reward (including conditional
long-term incentive awards)
6 383
3 445
5 510
3 148
3 046
9 531
12 001
1 Mrs M Geises was appointed as chief executive on 1 May 2021.
2 Mr V Mungunda resigned as chief executive on 30 April 2021.
Non-executive directors¹
Fixed remuneration
Services as
directors of
SBN Holdings
N$'000
SBN Holdings
committee
fees
N$'000
Services as
directors of
subsidiaries
N$'000
compensation
for the year
N$'000
Total
2022
474
258
732
4
Mr H Maier
2021
494
209
703
Promote and reward teamwork.
2022
220
380
142
742
Mrs B Rossouw
2021
247
362
138
747
2022
254
242
496
Mr IH Tjombonde
2021
247
276
523
2022
108
63
171
Mr JL Muadinohamba²
2021
247
153
400
2022
234
467
142
843
Adv N Bassingthwaighte
2021
230
362
138
730
2022
93
93
Ms S Hornung³
2021
2022
Mrs MS Shivute Dax
Total
Total
2021
2022
2021
254
179
433
247
140
387
1 637
1 589
284
3 510
1 712
1 502
276
3 490
1 Mr P Schlebusch has not been included as he is remunerated by Standard Bank Group Limited.
2 Retired 22 April 2022.
3 Appointed 26 July 2022.View entire presentation