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Non-executive directors report 2022

Practices and fees trends report


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.


Woman listening to the new PwC NED report findings.

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. 


Group of people discussing the NED 2022 report.

Listen to our interviews on the 2021 NED report findings

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Business Day TV panel discussion

Business Day : Leila Ebrahimi and Andreas Horak talking about NED remuneration in the face of the current economic climate and COVID-19 pandemic

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SA FM radio interview

Leila Ebrahimi talking about challenges facing the non-executive directors.

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SABC news interview

SABC: Leila Ebrahimi unpacking the latest copy of the Non-executive directors report

Contact us

Leila Ebrahimi

Leila Ebrahimi

P&O Reward Co-lead, PwC South Africa

Tel: +27 (0) 11 287 0887

Andréas  Horak

Andréas Horak

P&O Reward Co-lead, PwC South Africa

Tel: +27 (0) 11 797 5683

Makhosazana Mabaso

Makhosazana Mabaso

Associate Director, P&O Reward, PwC South Africa

Tel: +27 (0) 11 797 4473

Mariangela Venturi

Mariangela Venturi

Senior Manager, P&O Reward, PwC South Africa

Tel: +27 (0) 11 797 4265

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