Naspers CPO Aileen O’Toole on the outperforming group’s secret sauce: Executive pay is 90% based on risk
LONDON — In the latest episode of the Rational Perspective podcast, Naspers group's Chief People Officer Aileen O'Toole provides perspective on the eye-popping earnings of Naspers CEO Bob van Dijk. And it doesn't take long to realise that like his predecessor, Naspers chairman Koos Bekker, Van Dijk is living proof that the group's secret sauce delivers. O'Toole takes us through the thinking that shapes the Naspers pay policies and promotes its highly entrepreneurial culture. And unpacks the highlights of a 25 page executive remuneration report released last week which provides greater transparency for shareholders. – Alec Hogg
This is the Rational Perspective, I'm Alec Hogg, and today we look at Naspers' disclosure on remuneration. Setting pace scales is among the most vexing challenge for a multinational corporation but the complexity becomes almost overwhelming for a group like Naspers, which competes against global tech titans in 150 countries around the world but is headquartered in one of the most unequal societies on earth. Adding to this complexity is a double-edged sword of its early investment in Tencent, the Hong Kong start-up that has become one of the world's biggest internet businesses. Because of the huge impact of Tencent's uplift for Naspers, shareholders fret that executives who weren't even around at the time the investment was made are now getting a free ride.
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