n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Executive remuneration and shareholder voting




The issue of excessive executive remuneration does not go away. Whether it caused the financial crises or simply contributed to it, this remuneration became the focus of attention after the economic meltdown caused by the banking crisis a few years ago. It always raises its head when there is talk about cutbacks and lay-offs of lower-level employees. People get angry when they see large sums of money being paid to executives, especially when in some instances the company has not performed well. The growing gap between the levels of executive remuneration and the remuneration of the average worker is another issue that heightens the levels of outrage.


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