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Tiger Brands Limited Integrated Annual Report
2014
Shareholder information
2 (two) years from the date in which this
resolution is approved. There is, however,
the intention to renew the authority annually
at the annual general meeting.
It should be noted that this resolution does
not authorise financial assistance to a
director or a prescribed officer or any
company or person related to a director or
prescribed officer.
3.2
Special resolution number 2 – approval
of remuneration payable to non-
executive directors, the Chairman and
Deputy Chairman
“RESOLVED THAT the remuneration payable
to non-executive directors be increased to
R344 063 (three hundred and forty four
thousand and sixty three rand) per annum
and that the remuneration payable to the
Chairman and Deputy Chairman be
R1 597 825 (one million five hundred
and ninety seven thousand eight hundred
and twenty-five rand) per annum and
R825 750 (eight hundred and twenty-five
thousand seven hundred and fifty rand)
per annum respectively, such remuneration
to be effective from 1 March 2015 and to
be paid quarterly in arrear.”
3.3
Special resolution number 3 – approval
of remuneration payable to non-
executive directors participating in
sub-committees
“RESOLVED THAT the payment to
non-executive directors who participate in
the sub-committees of the board be as
outlined hereunder:
Chairman
Member
Audit committee 261 487 134 249
Remuneration
committee inclusive
of nomination
committee
members
194 995 97 052
Risk and
sustainability
committee
178 920 82 910
Social, ethics and
transformation
committee
148 635 74 317
The above remuneration to be effective
from 1 March 2015 and to be paid
quarterly in arrears.
Explanation and effect of special resolutions
number 2 and 3
The reason for proposing special
resolutions numbers 2 and 3 is to increase
the remuneration paid to non-executive
directors, in respect of services rendered as
directors in terms of section 66(8) of the
Companies Act, so as to ensure that such
remuneration remains market-related and
accords with the increasing level of
responsibility being placed upon directors.
The proposed remuneration was accepted
by the board after a recommendation of
the remuneration committee which
considered the quantum of fees being paid
to non-executive directors and to the
Chairman and Deputy Chairman of