Absa Faces Shareholder Rebellion Over $9 Million CEO Pay Package
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Absa Faces Shareholder Rebellion Over $9 Million CEO Pay Package
NewsGhana, Latest Updates and Breaking News of Ghana, Samuel Kwame Boadu, https://www.newsghana.com.gh/absa-faces-shareholder-rebellion-over-9-million-ceo-pay-package/South Africa’s banking sector has witnessed one of its most pronounced shareholder revolts in recent years after nearly half of Absa’s investors voted against the lender’s executive pay disclosures, signalling growing unease over boardroom compensation practices across the continen…
Kenny Fihla's $9 milion salary triggers shareholder revolt
Absa Group shareholders delivered one of the most significant remuneration rebukes in South African banking history at the company's annual general meeting on June 4, 2026, with 43.37 percent of voting shareholders casting their ballots against the bank's executive pay implementation report for the 2025 financial year.The vote was triggered by the total remuneration of R148 million ($8.9 million) paid to Kenny Fihla, who was appointed Absa Group…
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