We can't pay our execs chickenfeed

Astral Foods CEO hits back after pay policy rejected by investors

14 February 2021 - 00:11 By Chris Barron

Chris Schutte, CEO of SA's biggest poultry producer, Astral Foods, whose remuneration policy was rejected by shareholders last week, says too much focus on remuneration is making it harder to hang on to executives who are in high demand around the world.

"Remuneration policy has become the flavour of almost every AGM. It's not about the strategy of the company, it's not about the growth. More than 50% of the focus is on remuneration policy," he says...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.