Steinhoff Says Directors Due Extra Pay for Working Harder
- Proposal includes Steve Booysen receiving extra 200,000 euros
- Supervisory board members who quit may get extra 40,000 euros
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Steinhoff International Holdings NV, the retailer that’s wiped out more than $12 billion of value since an accounting scandal exploded in December, plans to reward directors for having to do more work than usual.
Steve Booysen, head of Steinhoff’s audit and risk committee and part of the supervisory board’s independent committee, is due a once-off payment of 200,000 euros ($247,000) “to cover the additional work undertaken during the period since the accounting irregularities were identified,” the Frankfurt- and Johannesburg-listed company said on its website.