AD­DRESS THE MESS

Finweek English Edition - - INVESTMENT -

So Nick Hol­land of Gold Fields has for­feited his bonus and been re­buked by the board for the miner’s BEE deal, nice to see a CEO tak­ing re­spon­si­bil­ity – but frankly there are many other is­sues they are ig­nor­ing. Why not a for­feited bonus due to gross un­der per­for­mance of the share price and pro­duc­tion? Why not a for­feit for not max­imis­ing the record gold price and hedg­ing some pro­duc­tion at say $1 600? Sure, the BEE deal is ap­par­ently a mess but the other messy is­sues are seem­ingly be­ing ig­nored while the CEO gets a ba­sic salary of some R10m a year.

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