Just Share has published a round-up of Dis-Chem’s 2024 AGM which took place on 31 July.
Key takeaways
- Dis-Chem’s annual general meeting (AGM) 2024 was arguably not compliant with section 63(2) of the Companies Act 71 of 2008 as only written questions were permitted.
- Dis-Chem continues to pay lip service to transformation without taking any steps to improve diversity in top or senior management level: there are no black individuals in the company’s top management and only 14,29% representation at the senior management level. Additionally, the company’s 20% gender representation at top management level is below the industry average.
- Dis-Chem has disclosed some pay gap information in alignment with the Companies Amendment Act but has not disclosed the remuneration of its lowest-paid employees.