Page 96 - Capricorn IAR 2020

BOARD SUSTAINABILITY AND ETHICS REPORT
Dividends to the value of N$2,205,600 were paid to 438 employees in September 2019 (September 2018: N$2,175,300 was paid to 430 employees).
Executive director’s emoluments amounted to N$12,846 million (2019: N$11,232 million) and non-executive directors fees paid amounted to N$9,459 million (2019: N$8,567 million).
Capricorn Group changed the composition of the executive management team post the last reporting date. The reported figures therefore differ from the 2019 report and are reflective of the current executive management structure. Compensation paid to key management comprises remuneration and other employee benefits to the executive management team, which excludes executive directors’ emoluments. Total compensation paid to executive management for 2020 amounted to N$43,791 million (2019: N$38,460 million).
Details pertaining to remuneration disclosures are included in the annual financial statements on pages 256 to 258.
The Remco is satisfied that the Remuneration Policy was applied during the year with no deviations and the policy achieved its objectives.
Gerhard Fourie
Chairman: Group board remuneration committee
RISK REPORT REMUNERATION REPORT
Part three: Implementation report
1000 800 600 400 200 0
09/2013
SARs
09/2014
09/2015
09/2016
09/2017
09/2018
09/2019
Number of SARs and conditional shares awarded
Conditional shares
Number of shares acquired under the share purchase scheme
The number of shares acquired by employees in the Group’s share purchase scheme in September 2019 was 692,947 (September 2018: 1,512,750).
Dividends paid under the share benefit scheme
Staff members employed at non-managerial job levels below supervisory level are beneficiaries of the Capricorn Group Employee Share Benefit Trust. Dividends earned on the shares held by the trust have been distributed every year since the establishment of the trust in 2005.
94
331,340
493,643
455,875 458,780
318,600 369,308
656,384 485,224
608,725 532,750
607,250
986,042
728,500 826,900