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Company Name and page strapline
Remuneration committee
 Thoko Martha Mokgosi-Mwantembe |
Nicholas Jonathan Read |
 Ronald Schellekens |
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Members of the Remuneration Committee during the year included:
TM Mokgosi-Mwantembe (Chairman), TA Boardman, M Lundal, RAW Schellekens.
Morten Lundal stepped down from the committee in March 2011 and was replaced by Nick Read.
The membership of the Remuneration Committee does not comply fully with King III, which advocates a majority of independent non-executive directors. Of the non-executive directors on the committee, only half are independent.
Thoko Mokgosi-Mwantembe, the Chairman of the committee, and Tom Boardman are independent non-executive directors. The Board is satisfied that Vodafone’s representation on this committee is appropriate given the valuable contribution of the Vodafone directors.
The Remuneration Committee, in consultation with executive management, ensures that our directors and senior executives are fairly rewarded for their individual contributions to Group performance in line with Vodacom’s remuneration policy.
In the year, the Remuneration Committee met five times with attendance as follows:
Telecon |
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Name of director |
11.5.10 |
27.5.10 |
13.9.10 |
4.11.10 |
10.3.11 |
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TM Mokgosi-Mwantembe |
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TA Boardman |
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M Lundal |
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RAW Schellekens |
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