ANN CROTTY: Moyo’s legal team set for corporate history
A public battle over the right to be paid R250m would yield useful insights
10 October 2019 - 05:00
Peter Moyo’s legal team looks set to create even more corporate history. The former Old Mutual CEO’s lawyers might very well pull off the first-ever "claw-forward" remuneration strategy. And it could happen before any JSE remuneration committee succeeds in implementing the more familiar clawback strategy.
Clawbacks have become a fashionable addition to the bag of tricks that enables overpaid remuneration committee members to devise even more reasons for heaping huge awards on their executives...
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