FirstRand reworks manager bonuses affected by coronavirus
Due to pandemic managers could lose out on share awards and bank suffer talent leakage, says chairperson Roger Jardine
12 October 2020 - 19:53
FirstRand started a new incentive programme to retain top managers after the economic fallout of the coronavirus pandemic hit earnings and sank share-based rewards.
The ripple effect of the Covid-19 outbreak could cause managers to lose out on their share awards for years, possibly resulting in “talent leakage”, chairperson Roger Jardine said in the lender’s annual report...
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