Performance Management and Remuneration Committee
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6.
Member
Mr Victor Songelwa
Profession
• Chartered
Accountant (SA)
• Holds
several board
membership
(past and present)
and professional
affiliations
Qualifications / Expertise
• B Com [Unisa]
• Hons B Compt [Unisa]
• MBL [Unisa]
• Post Graduate Diploma in Auditing
[Unisa]
Record of attendance of meetings
The committee meets per its approved terms of reference, with the NEC members and Chief executive
officer attending by invitation.
The committee Chairperson reports back to the National executive committee (NEC) on the activities
of the committee.
Name of member
3 June 2016
Mr Chose Choeu
Ms Elizabeth Dlamini-Khumalo
Dr Fazel Randera
Adv Josephine Ralefatane
Ms Barbara Lombard
Mr Victor Songelwa
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√
X
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√
Record of attendance
5 August 2016 9 December
2016
√
√
√
√
√
√
√
√
√
X
√
√
31 March 2017
√
√
√
√
√
√
Remuneration philosophy
SALGA’s remuneration philosophy is designed to
attract, develop and retain passionate, committed
and talented people who are required to
effectively implement the overall SALGA strategy
to the benefit of SALGA’s membership.
The remuneration strategy for the Executive
management team is based on principles of
retention of key and critical skills and to drive
performance in alignment with SALGA’s strategy,
through guaranteed pay, short- and long-term
incentives. A significant portion of Executive
management team’ total potential remuneration
is performance-related in order to drive the
right behaviour to optimise the organisation’s
performance taking into account the prevailing
economic environment.
The
Performance
Management
and
Remuneration Committee and the National
Executive Committee approved the SALGA
Remuneration and Benefits Policy that espouses
252
the organisations remuneration philosophy.
Amongst, the SALGA remuneration philosophy
or principles is the following:
•
All positions are evaluated for their
relative size, scope and impact using the
HAY job evaluation methodology.
Remuneration and Benefits
1.1
Executive management team (EMT)
remuneration
Executive management team (EMT) total
remuneration package consists of the following:
•
Total guaranteed pay which includes
benefits, is subject to an annual review
by the Performance Management and
Remuneration Committee.