Naspers and Prosus CEO Bob van Dijk
Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, received remuneration of US$15.98-million, or R276-million, in the past year, according to the Naspers annual report published on Tuesday.
Naspers (and Prosus) chief financial officer Basil Sgourdos, meanwhile, took home total remuneration of $9.16-million (R158.3-million), the annual report shows.
Naspers, which has been criticised in the past by investors over its remuneration practices, said in the report that it believes in “pay for performance” and that it is “comfortable with bigger rewards for those that make the highest contribution”.
Our reward systems must help us attract and retain the best talent around the world in a fair and responsible way
Remuneration, it said, must be aligned with shareholder outcomes and must incentivise the achievement of strategic, operational and financial objectives in both the short and longer term.
Naspers and Prosus chief financial officer Basil Sgourdos
“Given the longer-term focus of the company, and the prudent approach on pay and bonuses, it will still be appropriate to issue long-term incentive awards in the coming year, though the grant date will be postponed until August or early September, in line with the LTI awards to the broader employee population this year.”
