After nearly two-thirds of ordinary shareholders voted against Naspers’ executive pay policy in 2017, CEO Bob van Dijk said on Monday management had taken investor concerns into account and made changes to the policy. While the remuneration policy was passed at Naspers’ AGM in August 2017, this was thanks to the internet and media group’s dual-class share structure, which gives certain investors far higher voting rights than others. Van Dijk told investors on a conference call on Monday that Naspers had changed the composition of the committees that dealt with remuneration "to make them much more international and also to have directors in those committees that are of much lower tenure". "There will also be a number of structural changes in our compensation around clawbacks and holding requirements," he said. Disclosure These changes would be included in the group’s remuneration report, which will be part of its annual report. The report is to be published in July. "And finally, wha...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now