King IV Remuneration

Overview

Draft or update remuneration policy or report aligned with King IV Principle 14 for South African organisations.

Getting Started

Add your source materials to the project workspace, then activate the King IV Remuneration skill. The agent will guide you through the process step by step.

Example conversation

You: Draft our remuneration policy for King IV—we’re a JSE-listed company, so we need to cover philosophy, mix of pay, and how the remuneration committee works.

Agent: I’ll use the skill reference (Principle 14) and draft a remuneration policy that covers: our remuneration philosophy (fair, responsible, transparent; alignment with strategy and outcomes); the mix of fixed and variable pay; the role of the remuneration committee and its process for setting executive and director remuneration; and how we disclose remuneration. I’ll note JSE Listings Requirements where they add disclosure or process expectations so you can align.

Output excerpt

Remuneration policy excerpt

Philosophy
Remuneration is designed to attract, retain and motivate people needed to deliver our strategy, while remaining fair, responsible and transparent. We avoid incentives that encourage excessive risk-taking or short-term behaviour at the expense of long-term outcomes. The remuneration committee ensures alignment with King IV Principle 14 and with stakeholder expectations.

Structure
Executive remuneration consists of guaranteed pay (base salary and benefits) and variable pay (short-term incentives and, where applicable, long-term incentives). Variable pay is subject to performance conditions and malus/clawback provisions. Non-executive director fees are approved by shareholders and are not performance-related.

Governance
The remuneration committee recommends the remuneration policy and director and executive remuneration to the board. It has access to independent advice and reports to the board and to shareholders in the annual remuneration report. The board approves the policy and ensures disclosure in the integrated report in line with Principle 14 and JSE requirements.

Extension and validation

This skill does not include custom validation tools. Elaboration is guided by the skill workflow and reference materials.