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04
Transparency and accountability
Remuneration
report
Remuneration
structure
– continued
Non-executive directors’ fees
FY2017
Rm
FY2016
Rm
Chair of the board
1 250 000
1 250 000
Non-executive director of the board
366 000
366 000
International board member
505 408
505 408
Audit committee chair
220 600
220 600
Audit committee member
134 900
134 900
Remuneration committee chair
200 000
200 000
Remuneration committee member
120 000
120 000
Nominations committee chair
133 050
133 050
Nominations committee member
90 000
90 000
Investment and transactions committee chair
138 138
138 138
Investment and transactions committee member
90 000
90 000
Social and ethics committee chair
200 000
200 000
Social and ethics committee member
120 000
120 000
Risk committee chair
200 000
200 000
Risk committee member
120 000
120 000
Non-executive directors’ remuneration key principles and policies
The board of directors, on the recommendation of Remco, determines the fees of the non-executive directors.
Fees forTelkom’s non-executive directors are determined by the board based on market practice, within the
restrictions contained inTelkom’s MOI.Telkom’s non-executive directors receive no pay or benefits other than
directors’ fees, with the exception of reimbursement of expenses incurred in connection with their directorships.
The non-executive directors participate in neither the LTI share plan nor the STI plan outlined herein, and are not
eligible for pension scheme membership.
The remuneration structure is considered to be fair and reasonable and in the best interest of the company.
Committee
Scheduled meetings Fee per meeting
Special meetings
Fee per meeting
Board
5 Annual retainer
2 Chairman: R23 400
Board members: R17 500
Audit
6
Chairman: R55 150
Member: R33 725
1
Risk
4
Chairman: R50 000
Member: R30 000
–
Remuneration
4
Chairman: R50 000
Member: R30 000
1
Nominations
3
Chairman: R44 350
Member: R30 000
2
Investment and
transactions
4
Chairman: R46 046
Member: R30 000
4
Social and ethics
4
Chairman: R50 000
Member: R30 000
–
Where any board member voluntarily attends a meeting of a committee of which he/she is not a member, there is no
attendance fee payable. All fees are paid proportionally to the period in which office is held.
Refer to note 39 of the consolidated annual financial statements (available online) for fees paid to non-executive directors
during the year.