Company Directors Report

COMPANY: NEDBANK

-The primariy analysis is in USD. Remuneration is also shown in ZAR to accurately reflect felt increases.

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CEO Biography - USD:

Year End:Director Surname:Director Name:Director Gender:Full Year on Board?:Full year in position?:
2008 Boardman Thomas (Tom) TA Male Yes Yes
2009 Boardman Thomas (Tom) TA Male Yes Yes
2010 Boardman Thomas (Tom) TA Male No No
2010 Brown Michael WT Male Yes No
2011 Brown Michael WT Male Yes Yes
2012 Brown Michael WT Male Yes Yes
2013 Brown Michael WT Male Yes Yes
2014 Brown Michael WT Male Yes Yes
2015 Brown Michael WT Male Yes Yes
2016 Brown Michael WT Male Yes Yes
2017 Brown Michael WT Male Yes Yes
2018 Brown Michael WT Male Yes Yes
2019 Brown Michael WT Male Yes Yes
2020 Brown Michael WT Male Yes Yes
2021 Brown Michael WT Male Yes Yes
2022 Brown Michael WT Male Yes Yes

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2008 496,252 37,364 725,514 0 1,259,129 699,232 1,958,362
2009 547,308 41,249 670,007 0 1,258,564 427,016 1,685,580
2010 872,389 105,142 648,135 0 1,625,666 1,207,475 2,833,141
2011 727,978 100,693 740,997 0 1,569,668 0 1,569,668
2012 655,610 93,293 762,195 12,927 1,524,024 0 1,524,024
2013 584,792 95,625 729,167 0 1,409,583 0 1,409,583
2014 559,187 91,782 1,385,042 0 2,036,011 1,200,369 3,236,380
2015 499,530 82,367 646,552 568,182 1,796,630 1,057,994 2,854,624
2016 485,465 69,259 1,053,779 10,756 1,619,259 1,053,779 2,673,038
2017 514,600 73,441 1,008,804 11,739 1,608,584 1,063,830 2,672,414
2018 510,556 72,917 1,111,111 12,014 1,706,597 1,145,833 2,852,431
2019 531,425 76,363 796,896 15,453 1,420,137 1,074,077 2,494,214
2020 517,734 74,757 536,373 17,633 1,146,497 1,743,212 2,889,708
2021 498,584 71,748 849,644 15,357 1,435,333 1,038,454 2,473,787
2022 475,374 68,548 985,050 15,587 1,544,559 985,050 2,529,609

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2008 2 772,189 1,966,626 386,094 983,313
2009 4 1,128,059 2,600,676 282,015 650,169
2010 4 1,669,739 3,312,401 417,435 828,100
2011 3 1,563,019 3,494,321 521,006 1,164,774
2012 3 1,395,488 3,402,805 465,163 1,134,268
2013 3 1,259,167 3,160,521 419,722 1,053,507
2014 3 1,209,141 3,772,022 403,047 1,257,341
2015 4 1,178,577 3,891,093 294,644 972,773
2016 3 1,071,875 3,516,933 357,292 1,172,311
2017 3 1,161,629 3,558,107 387,210 1,186,036
2018 6 1,974,931 7,007,361 329,155 1,167,894
2019 6 2,082,046 5,795,787 347,008 965,964
2020 7 1,804,425 3,959,437 257,775 565,634
2021 5 1,636,856 4,953,679 327,371 990,736
2022 7 2,058,234 7,369,278 294,033 1,052,754

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2008 15 1,360,943 90,730
2009 17 1,244,698 73,218
2010 16 1,625,666 101,604
2011 15 1,580,609 105,374
2012 15 1,434,634 95,642
2013 12 1,190,417 99,201
2014 14 1,266,390 90,456
2015 17 1,223,041 71,944
2016 15 1,258,866 83,924
2017 17 1,468,599 86,388
2018 19 1,721,389 90,599
2019 15 1,729,125 115,275
2020 14 1,481,193 105,800
2021 12 1,376,990 114,749
2022 12 1,309,364 109,114

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2008 4,104,000 309,000 6,000,000 0 10,413,000 5,782,650 16,195,650
2009 4,697,000 354,000 5,750,000 0 10,801,000 3,664,650 14,465,650
2010 6,057,000 730,000 4,500,000 0 11,287,000 8,383,496 19,670,496
2011 5,256,000 727,000 5,350,000 0 11,333,000 0 11,333,000
2012 5,376,000 765,000 6,250,000 106,000 12,497,000 0 12,497,000
2013 5,614,000 918,000 7,000,000 0 13,532,000 0 13,532,000
2014 6,056,000 994,000 15,000,000 0 22,050,000 13,000,000 35,050,000
2015 6,374,000 1,051,000 8,250,000 7,250,000 22,925,000 13,500,000 36,425,000
2016 6,680,000 953,000 14,500,000 148,000 22,281,000 14,500,000 36,781,000
2017 7,014,000 1,001,000 13,750,000 160,000 21,925,000 14,500,000 36,425,000
2018 7,352,000 1,050,000 16,000,000 173,000 24,575,000 16,500,000 41,075,000
2019 7,669,000 1,102,000 11,500,000 223,000 20,494,000 15,500,000 35,994,000
2020 7,722,000 1,115,000 8,000,000 263,000 17,100,000 26,000,000 43,100,000
2021 7,922,000 1,140,000 13,500,000 244,000 22,806,000 16,500,000 39,306,000
2022 8,204,000 1,183,000 17,000,000 269,000 26,656,000 17,000,000 43,656,000

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2008 2 6,386,000 16,264,000 3,193,000 8,132,000
2009 4 9,681,000 22,319,000 2,420,250 5,579,750
2010 4 11,593,000 22,998,000 2,898,250 5,749,500
2011 3 11,285,000 25,229,000 3,761,667 8,409,667
2012 3 11,443,000 27,903,000 3,814,333 9,301,000
2013 3 12,088,000 30,341,000 4,029,333 10,113,667
2014 3 13,095,000 40,851,000 4,365,000 13,617,000
2015 4 15,780,000 52,001,000 3,945,000 13,000,250
2016 3 14,749,000 48,393,000 4,916,333 16,131,000
2017 3 15,833,000 48,497,000 5,277,667 16,165,667
2018 6 28,439,000 100,906,000 4,739,833 16,817,667
2019 6 30,046,000 83,639,000 5,007,667 13,939,833
2020 7 26,913,000 59,055,000 3,844,714 8,436,429
2021 5 26,008,000 78,709,000 5,201,600 15,741,800
2022 7 35,521,000 127,179,000 5,074,429 18,168,429