Absa Group Calls for Shareholder Engagement on Remuneration Report

  • Absa Group Limited invites shareholders to engage in a virtual call regarding concerns raised during the annual general meeting vote on the remuneration implementation report.
  • The call, scheduled for July 14, 2023, provides an opportunity for shareholders to directly interact with Absa Group's Chairman and the Chairman of the Group Remuneration Committee.
  • Shareholders must register with the Group Company Secretary by July 12, 2023, to participate in the virtual call and share their concerns or recommendations regarding the remuneration implementation report.
Absa Bank

Absa Group Limited has opened the floor for shareholder engagement in response to concerns raised during the company’s recent annual general meeting. The meeting, held on June 2, 2023, witnessed over 25% of votes cast against the non-binding advisory vote number 2, specifically addressing the remuneration implementation report.

As a result, Absa Group is taking proactive steps to address the concerns of its shareholders. The company has invited its shareholders to participate in a virtual call scheduled for July 14, 2023, at 13:30 South African time. The call will feature prominent figures within the organization, including Group Chairman Sello Moloko and Rose Keanly, the Chairman of the Group Remuneration Committee.

The primary objective of the virtual call is to provide shareholders with an opportunity to directly engage with Absa Group’s leadership and express their concerns or offer recommendations regarding the remuneration implementation report. This move highlights the company’s commitment to transparency and constructive dialogue with its shareholders.

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