Inequality in South African Banking: Executive Directors’ Remuneration and Company Performance

Suzanne Kieviet () and Henriette Elsabe Scholtz ()
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Suzanne Kieviet: Stellenbosch University
Henriette Elsabe Scholtz: Stellenbosch University

A chapter in Global Perspectives on Climate Change, Inequality, and Multinational Corporations, 2025, pp 109-128 from Springer

Abstract: Abstract Amidst growing income inequality in South Africa and recent scandals involving multinationals like Steinhoff and Tongaat Hulett, shareholders are increasingly scrutinising the size and structure of executive remuneration packages, particularly given the high levels of executive pay and excessive risk-taking by bank executives. Shareholders also demand greater transparency regarding the criteria and processes for awarding performance incentives. This chapter shows that socio-economic factors affecting South Africa can significantly influence how MNEs contribute to reducing inequalities through sustainable and ethical business practices.

Keywords: MNE; Ethics; Governance; Firm performance; Banking; Inequality (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-031-80797-8_5

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DOI: 10.1007/978-3-031-80797-8_5

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