Comair chair’s ‘excessive’ fees raise eyebrows

Business

Comair chair’s ‘excessive’ fees raise eyebrows

Increases to come under scrutiny amid additional concerns about the tenure of some non-executive directors

Siseko Njobeni

Listed aviation company Comair’s remuneration policy and the tenure of its board members are set to come under the spotlight at Tuesday’s annual general meeting.

The shareholders will be asked to approve the company’s remuneration policy and a number of other resolutions, including an increase of the chairperson’s fees from R1.59m to R1.67m.

Comair, the operator of Kulula.com and British Airways in SA, has also proposed that fees for its joint deputy chairs increase from R464,576 to R487,805, while those of ordinary non-executive directors are set to increase from R199,104 to R209,059...

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