https://www.miningweekly.com

WRONGLY INCENTIVISED

30th October 2015

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

Mining company shareholders have become emaciated watching CEOs making a ton of money, investment bankers a killing and fund managers a nice spread. To blame are misguided share price incentives and rubber-stamping boards of directors, who also score from the system. That message came over loudly and clearly at the Joburg Indaba from a panel made up of Regarding Capital Management chairperson Piet Viljoen, Public Investment Corporation listed investments executive head Fidelis Madavo, Allan Gray portfolio manager Sandy McGregor and Coronation Fund Managers analyst Henk Groenewald, who denounced the poor capital allocation skills of mining company CEOs and called for new incentives based on operational metrics rather than financial ones.

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.77s - 109pq - 2rq
Subscribe Now