Is Santam CEO’s R19m bonus justifiable?

If there is no full or proper disclosure, should shareholders still pay out the R19 million?

Questions have been raised about Santam CEO Lizé Lambrechts’ R19 million cash payout. Shareholder activist Theo Botha is urging investors to vote against the company’s remuneration policy and implementation report system at the insurer’s AGM on Wednesday.

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