Naspers, which received an unprecedented backlash against its pay policy last year, says it is confident it has addressed shareholder concerns after months of discussions with investors. On Friday the internet company said in its annual report it had improved transparency — its 2018 remuneration report was doubled to 24 pages — while it had also made changes to pay structures to align management and shareholder interests, in addition to an overhaul of its remuneration committee. The report shows that CEO Bob van Dijk's total pay for the year to March declined 3% to $12.2-million (about R164-million) because the value of his share options, which form part of his long-term incentive plan, shrank. Finance chief Basil Sgourdos' total pay rose 13% to $3.5-million thanks to his being awarded more share options. On average, Naspers employees earned about $56 000 each since the group spent $1.4-billion on salaries, wages and employee benefits on its 24 887 permanent employees. Aileen O'Tool...
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