128
REMUNERATION REPORT
Non-Executive Directors:
Name of Director
Aliko Dangote
Olakunle Alake
Sani Dangote
Abdu Dantata
Ernest Ebi
Devakumar Edwin
Emmanuel Ikazoboh
Fidelis Madavo
Joseph Makoju
Olusegun Olesanya
Dorothy Ufot
Douraid Zaghouani
Khalid Al Bakhit *
Total
Director fees
2016
₦’000
5,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
-
*Sitting fees paid prior to resignation in April 2015
Annual fees for Directors
Position
Chairman
Non-Executive Directors (Board related)
Committee chairmanship
Committee membership
2016
(₦’000)
2015
(₦’000)
5,000 5,000
4,000
400
350
4,000
400
350
Proposed Non-Executive Director fees
The proposed fees for Non-Executive Directors will be presented to shareholders during the Annual General
Meeting for their consideration. In line with Section 14.6 of the SEC Code, the Board has fixed the remuneration of
Non-Executive Directors, as shown above for shareholders’ approval. It is proposed that Directors’ fees will remain
at the same amount as paid in 2016.
Directors’ interests
The interests in the ordinary shares of the Company of Directors who held office during the period 1st January, 2016
to 31st December, 2016, are set out in the Report of the Directors on page 94.
2015
₦’000
5,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
-
4,000
-
Sitting allowances
2016
₦’000
6,967
10,020
9,270
4,400
11,270
10,670
11,087
9,570
7,220
11,138
4,120
7,270
-
49,000 45,000 103,003
2015
₦’000
3,400
8,000
7,300
5,200
9,250
8,700
8,550
7,850
5,200
8,650
-
3,350
700
76,150
Other allowances
2016
₦’000
15,087
14,337
14,337
14,337
11,620
14,337
20,537
14,337
14,337
20,537
4,700
14,337
-
Total
2015
₦’000
12,795
12,062
12,062
12,062
18,262
12,062
18,262
12,063
12,062
18,262
-
12,063
-
2016 2015
₦’000 ₦’000
27,054 21,195
28,357 24,062
27,607 23,362
22,737 21,262
35,807
31,512
29,007 24,762
35,625 30,812
27,907 23,913
25,557 21,262
35,675 30,912
12,820
25,607
-
-
19,413
700
181,755 152,017 333,757 273,167
Emmanuel Ikazoboh
Chairman of the Remuneration and Governance Committee
27th February, 2017
128
Annual Report 2016
129
Publizr
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