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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
4 Operating income/(loss) before abnormal items
continued
4.2 Directors’ emoluments
continued
Table of directors’ emoluments for the year ended 30 September 2014:
GROUP
(R000)
Fees
Cash
salary Bonus
Other
benefits
Retire-
ment
fund
contri-
butions
Gains
on
options
exercised
Total
2014
Executive directors
O Ighodaro
– 3 617 3 051
60 604
– 7 332
PB Matlare
– 4 564 –
316 801 3 491 9 172
CFH Vaux
– 3 417 2 965
40 693 23 365 30 480
Total A
– 11 598 6 016
416 2 098 26 856 46 984
Non-executive directors
EFs
AC Parker (Chairman)
1 465
85 –
–
–
– 1 550
SL Botha
494
17
–
–
–
– 511
MJ Bowman
315
17
–
–
–
– 332
RMW Dunne
825
17
–
–
–
– 842
M Makanjee
384
10
–
–
–
– 394
KDK Mokhele
536
17
–
–
–
– 553
RD Nisbet
460
17
–
–
–
– 477
MP Nyama
404
17
–
–
–
– 421
BL Sibiya (Deputy Chairman)
757
17
–
–
–
– 774
Total B
5 640 214 –
–
–
– 5 854
Total A + B
5 640 11 812 6 016 416 2 098 26 856 52 838
Details of remuneration paid
to prescribed officers of the
company are set out below:
Prescribed officers
NG Brimacombe
– 3 276 2 901 120
674 4 535 11 506
NP Doyle – Note 1
– 3 509 2 972 593
588
– 7 662
AG Kirk – Note 2
– 2 894 1 355 278
536
– 5 063
N Segoale (1 October 2013 to
28 February 2014) – Note 3
– 1 909
– 1 061
268 2 703 5 941
Total
– 11 588 7 228 2 052 2 066 7 238 30 172
Aggregated details of
remuneration paid to members of
the executive committee, other
than the executive directors and
prescribed officers above, are set
out below:
Total – Note 4
– 17 618 10 082 982 2 764 12 995 44 441
Note 1
– a special once-off allowance of R521 070 was paid to NP Doyle in September 2014 in recognition of the additional responsibilities he
had assumed in respect of the company’s Nigerian subsidiaries, namely Dangote Flour Mills and Deli Foods.
Note 2
– the bonus value of R1 354 510 excludes an amount of R1 354 510 which has been deferred for the purchase of restricted
shares in terms of the rules of the Tiger Brands Limited 2013 Share Plan.
Note 3
– other benefits include accommodation and flights home for personal visits as part of expatriate package.
Note 4
– the bonus value of 10 082 179 excludes an amount of R486 255 in respect of one member of the executive committee, who
has deferred a portion of his bonus for the purchase of restricted shares in terms of the rules of the Tiger Brands Limited 2013
Share Plan.
EFs
– fees paid to the Chairman for his attendance at meetings of the board of directors of Empresas Carozzí, an associate of Tiger Brands
(R51 000). Also includes fees paid to non-executive directors in respect of their attendance at special board meetings of the company.