{"id":4800,"date":"2024-06-13T18:46:04","date_gmt":"2024-06-13T16:46:04","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2024\/?page_id=4800"},"modified":"2024-06-19T11:36:06","modified_gmt":"2024-06-19T09:36:06","slug":"remuneration-at-a-glance","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2024\/rewarding-value-creation\/remuneration-at-a-glance\/","title":{"rendered":"Remuneration at a glance"},"content":{"rendered":"
\n

We offer fair and competitive compensation<\/strong> to attract, retain and\u00a0reward our committed and talented people<\/strong>. <\/p>\n<\/div>\n

Landscape and eligibility<\/h2>\n
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\n \"\"\n <\/div>\n
\n \"\"\n <\/div>\n
<\/div>\n<\/div>\n

Pay for performance: executive directors<\/h3>\n
\n
\n \"\"\n <\/div>\n
\n \"\"\n <\/div>\n
<\/div>\n<\/div>\n\n\n\n\n\n
Mrs N Shiluvana was appointed as Group Financial Director on 1 August 2023 and no LTI vested during this period. TCC of R3.8 million.<\/td>\n<\/tr>\n
*<\/sup><\/td>\nMaximum LTI is depicted as the Famous Brands annual award quanta. LTI on target is depicted as 50% of the maximum.\n <\/td>\n<\/tr>\n
**<\/sup><\/td>\nActual 2024 values are earnings in the reporting period.<\/td>\n<\/tr>\n
***<\/sup><\/td>\nDJ Fredericks retired as Group Financial Director on 31 July 2023, refer here<\/a> for remuneration.<\/td>\n<\/tr>\n<\/table>\n

Compensation details are in the implementation report<\/a>.<\/p>\n\n\n\n
\n
Important abbreviations and definitions<\/strong><\/em><\/h5>\n<\/td>\n
<\/td>\n\n
Financial indicators<\/strong><\/em><\/h5>\n<\/td>\n<\/tr>\n
TCC:<\/strong> Total cost to company = Base salary + medical insurance + retirement fund + benefits
\n Base salary<\/strong>: TCC \u2013 medical insurance \u2013 retirement fund \u2013 benefits
\n STI<\/strong>: Short-term incentive
\n LTI<\/strong>: Long-term incentive
\n 13th cheque<\/strong>: One month\u2019s TCC<\/td>\n		SARs: Share appreciation rights
\n Executive directors<\/strong>: The CEO and the Group Financial Director
\n Executive Committee (Exco)<\/strong>: For the purposes of the remuneration report, this excludes executive directors
\n Executive management team<\/strong> includes the executive directors and Exco <\/td>\n		EBITDA<\/strong>: Earnings before interest, tax, depreciation and amortisation
\n HEPS<\/strong>: Headline earnings per share
\n ROCE<\/strong>: Return on capital employed
\n TSR<\/strong>: Total shareholder return
\n VWAP<\/strong>: Volume-weighted average price
\n WACC<\/strong>: Weighted average cost of capital<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

We offer fair and competitive compensation to attract, retain and\u00a0reward our committed and talented people. Landscape and eligibility Pay for performance: executive directors Mrs N Shiluvana was appointed as Group Financial Director on 1 August 2023 and no LTI vested during this period. TCC of R3.8 million. * Maximum LTI is depicted as the Famous… Read more »<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"parent":4879,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"\nRemuneration at a glance - Famous Brands IAR 2024<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/famousbrands.co.za\/iar2024\/rewarding-value-creation\/remuneration-at-a-glance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remuneration at a glance - Famous Brands IAR 2024\" \/>\n<meta property=\"og:description\" content=\"We offer fair and competitive compensation to attract, retain and\u00a0reward our committed and talented people. Landscape and eligibility Pay for performance: executive directors Mrs N Shiluvana was appointed as Group Financial Director on 1 August 2023 and no LTI vested during this period. TCC of R3.8 million. * Maximum LTI is depicted as the Famous... 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