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Sasol commits to sacrifice on NED board fees   

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Sasol has released a statement, ahead of the scheduled AGM, detailing its commitment to a 20 percent sacrifice on non-executive director board fees.

Sasol announced on Wednesday, 18 November 2020, through a statement, one of the proposals set to be unpacked at the upcoming Annual General Meeting (AGM).

The company has committed to a 20 percent sacrifice on non-executive director (NED) board fees.

In explaining the reasoning for the commitment, the statement read, “In view of the significant challenges still facing Sasol and in acknowledgement of the erosion of shareholder value over the past two years, the board has agreed to commit to a sacrifice of 20 percent on the board fees proposed for approval at the 2020 AGM.”

The AGM has been scheduled for Friday, 20 November 2020.

See the post below.

Sabelo Makhubo
[email protected]

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