Johann Rupert, chairman of Stellenbosch-based investment behemoth Remgro, has called on shareholders to help find an appropriate structure for remunerating executives. At Remgro’s annual general meeting on Wednesday some resistance was shown in the nonbinding advisory vote on the remuneration policy, with almost 19% of shareholders against the resolution. Rupert said the votes against were closer to 40% if the Rupert family vote were stripped out. He believed the votes against stemmed from Remgro not having clear key performance indicators (KPIs). "I’d like to ask these investors to advise us how they would like us to set up these KPIs. It’s difficult when you’re a diversified investment holding company to apportion blame or reward." Rupert said he had empathy with investors on the remuneration issue. "Help us set up a better system. It will help if we can work together to find a better solution for all." However, he said, "people" (asset managers) who voted against the resolution o...

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