South32 chief docked $1.2m over mining deaths in Africa

Original article by Tess Ingram
The Australian Financial Review – Page: 28 : 9-Sep-16

The annual report of South32 shows that the Australian-listed group’s safety record in South Africa was reflected in the remuneration of senior executives in 2015-16. The miner’s board slashed the short-term incentive payments of CEO Graham Kerr and other top executives after four fatal incidents at its South African mines and aluminium smelter during the financial year. This is estimated to have reduced Kerr’s total remuneration by around $A1.2m.

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