Quality of corporate disclosure is dismal

Johannesburg - SABMiller, Anglo American, BHP Billiton and Gold Fields are the only companies on the JSE Securities Exchange that provide useful details on executive remuneration packages.

The first three have their primary listings in London while Gold Fields sports a listing on the New York Stock Exchange.

One South African corporate governance analyst points out that the better quality of information provided by these companies reflects their considerable exposure to non-South African shareholders, who are more demanding.

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