2019 Reward Project of the Year Nomination
In this category, we recognise an individual or team who have been responsible and actively involved in the development and implementation of a new Reward Project. The Project may be of a short-term or long-term nature, and have a procedural, operational or strategic impact on the organisation. The impact horizon can range from 2 months to more than 12 months.
The individual or team would have been responsible for a Reward Project which demonstrates innovative and relevant reward practices that support the unique business environment and business strategy, and contributes towards the organisation’s objectives and success.
The winners will not only receive the acclaim and recognition from their peers, but will also receive a cash prize of R30 000 for the 1st prize, R20 000 for the 2nd prize and R10 000 for 3rd prize.
Remuneration Report of the Year Nomination
This award recognises organisations for the alignment of their remuneration reporting and disclosure, against the key principles of the King IVTM governance guidelines which exemplify fair, responsible and transparent policy and practice.
The judging panel will evaluate nominations against the King IV principles, and the report worthy of an award will demonstrate the following:
- Contextual setting to the remuneration report; background statement; demonstration of principles of remunerating fairly, responsibly and transparently;
- Remuneration committee - Remit, activities, decisions & composition;
- Remuneration philosophy - Summary of the philosophy and general principles applied;
- Remuneration policy - Details of the policy and the various components;
- Base Pay - Description of how it is set and increases awarded;
- Shareholder engagement - Description of the voting results and the shareholder engagement;
- STI - Description of the plan, earnings potential and KPIs (as applicable);
- LTI - Description of the plan(s), earnings potential and performance conditions;
- Retention payments - Description of payments/plans which deal specifically with retention as opposed to incentives;
- Remuneration paid - Details of remuneration paid during the year and outcomes from KPIs/performance targets;
- Share plan dilution – Overall limits, headroom available etc.;
- Minimum Shareholding requirements – Including actual shareholding;
- Employment contracts - Key features per relevant individual; and
- Non-Executive directors - Description of fee structures and payments made.
We will be recognising the top 3 nominated organisations (through third, second and first place) and celebrating the success of those who are building tomorrow’s total reward practices today.
Remuneration reports published prior to 30 June 2019 and in respect of financial years ending on or before 31 March 2019 will be eligible for nomination.
2019 President's Award
The President’s Award is intended to recognise an individual who has been responsible for the design of complex reward interventions or programmes that have set the standard for best practice in South Africa or internationally, or who has been responsible for initiatives that have shaped the reward profession, or have contributed to the profession as a whole, thereby uplifting the reputation of the reward profession in general. This intervention or best practice or overall contribution to the profession would have a long term impact of several years.