Distell bosses need to own more shares, says activist shareholder
That said, pay for Distell senior management in 2021 will be 12.5% lower than in 2020
21 October 2020 - 18:46
Activist shareholder Chris Logan, on Wednesday, slammed the senior management of Distell, Africa’s largest wine, cider and spirits producer, for owning only 100 shares in the company — held by one person — saying it needs to have “skin in the game”.
Distell, owner of brands such as Klipdrift, Savanna and Amarula, held a transparent AGM on Wednesday, in which Logan questioned the pay policies of senior management and company performance...
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