RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Remuneration Report

REMCO ACTIVITIES

The Human Resources and Remuneration Committee (REMCO) is delegated to oversee remuneration activities in the organisation per the Terms of Reference and the Delegation of Authority Framework.

At a strategic level the following key activities were undertaken’;

• Approved the salary mandate to be negotiated and implemented for employees fy 2022/2023, • Received feedback on the performance of the entity against the Strategic Pillars; • Received feedback on the performance of the entity against the Corporate Scorecard as well as the Chief Executive’s performance against the strategic pillars, • Approved the Short‑Term incentive pay‑out for the performance achieved in the 2022/23 financial year in line with REMCO’s terms of reference and submitted it to the Board for final approval

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