A quarter of Hosken shareholders reject pay policy
The decision has moved the company to address shareholders’ concerns about executive pay
16 October 2020 - 16:59
Investment conglomerate Hosken Consolidated Investments (HCI), headed by CEO Johnny Copelyn, suffered shareholder rejection of its remuneration policy during its AGM on Thursday.
More than a quarter (25.51%) of investors in Hosken, a major shareholder in broadcasting house eMedia Holdings, voted against the company’s remuneration plans, triggering the company to address shareholder concerns over directors and executives’ pay. In the year to March, HCI’s executives including Copelyn, were paid a total of R29.5m, which includes salaries. The non-executive directors received a total of R6m. ..
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