Non-executive directors report 2022

Practices and fees trends report

1,955

Number of active NEDs on JSE boards
32%

Female NED representation
R905K

Median JSE Chairperson pay

Overview

Purpose. Risk. Retention. These are the three themes interlinking remuneration discussions and decisions today. The 15th edition of our Non-executive directors: practices and fee trends report explores how these themes intersect with some of the pressing boardroom topics today - including the urgency of the need for a rapid but just transition to a net-zero economy, and if and how this links to remuneration structures.

Our report also touches on estate planning considerations, the living wage and other fair pay considerations. It is clear that boards need to be agile, and prepared to take courageous action in line with a well-defined purpose. Good chemistry is vital for this, and we explore some of the boardroom biases which may hold boards back from maximum effectiveness.

The report presents an analysis of JSE non-executive fees for the period 1 September 2020 to 31 October 2021, our analysis of the profile of a JSE board today (including gender and race split), and the premium being paid to directors sitting on South African boards, but paid in foreign currencies.

Click here to download the Non-executive directors report 2022

Our report sets out non-executive director fees, and our latest thought leadership on topics affecting remuneration committees.

Previous editions:

About People and Organisation, Reward

The PwC Reward practice consists of 19 dynamic professionals, all experts in different, but related professional fields. We combine our qualifications and experience to deliver proven value and project success. We handle complex and strategically important reward projects, providing high-quality, meaningful and detailed reports, analyses and research, along with unique solutions for specific needs.

Our team of solvers is agile and diverse, bringing together a broad range of capabilities, people and organisation skills, with an increased focus on developing digital products that enable our clients to operate with greater efficiency and versatility. This allows us to deliver remuneration solutions that are founded on strong governance principles, speak directly to an organisation’s strategy and are designed to add value in the future. Our network is unmatched in the market and we draw on our global expertise to design and develop a relevant, multifaceted range of bespoke solutions aligned with international trends and best practice, while remaining locally focused.

We believe that for inclusive growth to be achieved in South Africa, remuneration structures should reward innovation and growth delivered by executive teams, while being rooted in fairness and transparency for all employees. As a team we regularly engage with key industry players to ensure that current market sentiment and developing trends are known and proactively applied in the context of our client engagements, to add value and win shareholder approval.