Brait’s new incentive scheme seeks to reward executives only if shareholders also benefit
Investment holding company Brait, in which Christo Wiese is a large shareholder, has decided on a conservative approach to motivating its executive team: they will now only benefit if shareholders are also rewarded.
This follows anger from some shareholders after the company said in March it would spend more than R1.1bn bailing out executives when it unwound the previous share incentive scheme. That scheme was hit by an 86% drop in Brait’s share price over the past three years to March, and that in turn led to the bailout. ..