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SUN INTERNATIONAL ANNUAL REPORT ’10
Paid to non-executive directors by the company and its subsidiaries
136
REMUNERATION REPORT CONTINUED
Directors’,
committee
and trustee fees
(subsidiaries
and trusts)
R
Directors’
fees
R
Committee
fees
R
Non-executive directors
H Adams N/A 75 325
ZBM Bassa* – 60 836 26 216 87 052 N/A
PL Campher 50 000 181 000 82 000 313 000 275 200
MP Egan 10 000 181 000 125 000 316 000 308 600
NN Gwagwa – 181 000 52 000 233 000 219 200
DA Hawton N/A 1 246 396
BLM Makgabo-Fiskerstrand* – 60 836 – 60 836 N/A
IN Matthews 30 000 300 000 181 000 511 000 304 300
LM Mojela 60 950 181 000 – 241 950 216 270
MV Moosa 135 450 700 000 117 000 952 450 311 600
DM Nurek – 181 000 182 000 363 000 341 800
E Oblowitz – 181 000 78 000 259 000 243 500
GR Rosenthal – 181 000 208 000 389 000 366 000
* Appointed on 1 March 2010.
Total
2010
R
Total
2009
R
286 400 2 388 672 1 051 216 3 726 288 3 908 191
In accordance with the principles of King III, non-executive director fees will, in the forthcoming year, be split into base and attendance fees. As in the
previous year, non-executive directors will not participate in the EBS or any of the group’s share plans.
Proposed fees payable to the non-executive directors for 2011, are indicated in the table below, and will be presented to shareholders for approval at
the forthcoming annual general meeting. These have been recommended by the executive directors and reviewed by the chairman of the board and
the remuneration committee in order to align with fees paid by other listed companies of comparative size. This review has been conducted taking into
consideration the involvement and onus of responsibility of non-executive directors in the affairs of the company and particularly the additional
obligations imposed on them by the significant regulatory probity requirements of the gaming industry. In arriving at the proposed level of fees, the
results of market surveys have been taken into consideration.
Proposed
base fee
R
Proposed 2011 2010
Proposed
attendance
fee
R
Proposed
total
fee
R R
Services as directors – fees
– chairman of the board 600 000 35 000 775 000 700 000
– directors 95 000 20 000 195 000 181 000
Lead independent director fees 230 000 20 000 330 000 300 000
Audit committee fees
– chairman 80 000 30 000 170 000 156 000
– members 40 000 15 000 85 000 78 000
Remuneration committee fees
– chairman 36 000 22 000 102 000 94 000
– members 18 000 11 000 51 000 47 000
Nomination committee fees
– chairman 30 000 15 000 75 000 70 000
– members 15 000 7 500 37 500 35 000
Risk committee fees
– chairman 44 000 24 000 116 000 104 000
– members 22 000 12 000 58 000 52 000