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Which of the following statements is not correct in terms of King IV?a.Companies should remunerate fairly, responsibly and transparently.b.A company should disclose the remuneration of each individual director and certain senior executives, provided it has the individual’s consent to do so.c.The names of the directors who are appointed to the remuneration committee should remain confidential other than to members of the board.d.Shareholders should exercise a non-binding advisory vote on the board’s remuneration policy every two years or when other specified conditions exist.

Question

Which of the following statements is not correct in terms of King IV?a.Companies should remunerate fairly, responsibly and transparently.b.A company should disclose the remuneration of each individual director and certain senior executives, provided it has the individual’s consent to do so.c.The names of the directors who are appointed to the remuneration committee should remain confidential other than to members of the board.d.Shareholders should exercise a non-binding advisory vote on the board’s remuneration policy every two years or when other specified conditions exist.

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Solution

The statement that is not correct in terms of King IV is: "The names of the directors who are appointed to the remuneration committee should remain confidential other than to members of the board." According to King IV, the names of the directors who are appointed to the remuneration committee should be disclosed to the shareholders.

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