NASPERS | To endorse the company’s remuneration policy
How other organisations have declared their voting intentions
| Organisation name | Declared voting intentions | Rationale |
|---|---|---|
| Momentum Metropolitan Life Ltd | Against | Naspers has a discretionary annual performance-related incentive with performance measures tailored to the executives’ roles and responsibilities. The committee also has the discretion to apply judgement in making appropriate adjustments to an annual bonus. Momentum Group has a zero discretion proxy voting policy, and we voted not in favour, accordingly. This information can be found on page 3 of the 2024 remuneration report. Momentum's policy reflects our commitment to corporate governance and shareholder rights. Momentum Group follows the principle that executive compensation should be a transparent shareholder-driven process, free from undue influence or internal bias. It also ensures that remuneration is closely tied to performance and strategic objectives. |
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