Remuneration Committee Member
7 months ago
**Company Description**
The Motor Industry Bargaining Council (MIBCO) is a bargaining council as envisaged in the Labour Relations Act, whose mission is to create and maintain peace and stability in the South African motor industry. The parties to the council are employer parties, namely, the Retail Motor Industry Organization (RMI) and the Fuel Retail Association (FRA), and employee parties, namely; the Motor Industry Staff Association (MISA) and the National Union of Metalworkers of South Africa (NUMSA)
MIBCO provides services to approximately 23 369 employers and 293 272 employees in the motor industry throughout South Africa. The services provided by MIBCO include a forum and facilities for collective bargaining, settlement of labour disputes, provision of social benefits to persons falling within the motor industry, i.e. Pension, Provident, Medical, Sick, Accident, Maternity, and Holiday Pay Funds.
The Agreements negotiated by the Council are, where necessary, extended by the Department of Employment and Labour to cover the entire industry therefore all employers and employees falling within the Motor Industry fall under MIBCO’s jurisdiction.
**Role Description**
The role of the Remuneration Committee in the Council is to assist the MIBCO Governing Board in fulfilling its corporate governance responsibilities with respect to remuneration and conditions of employment by formulating and reviewing of policies, remuneration and making appropriate recommendations.
The Motor Industry Bargaining Council is searching for an experienced Remuneration Committee Member to join an existing Committee to help the Council deliver on its responsibilities to set fair remuneration policies. The Remuneration Committee Member will assist the committee in overseeing and analysing the Council's remuneration programs, policies, and practices, and making recommendations to the Governing Board to help ensure these align with the Council's overall strategies and objectives.
**Minimum Qualifications & Experience required.**
- Relevant professional certifications or advanced degrees
- Minimum of 6 years’ experience in participating in a remuneration committee is required.
- Be registered with SARA as a member
- Knowledge of and experience with remuneration and the principles of fair reward systems and remuneration practices, as well as insight into industry best practices is required.
- Understanding of corporate governance principles, regulations, and requirements
- Strong analytical skills with the ability to assess complex information and develop a compelling narrative supported by data and analysis.
- Excellent communication skills, both verbal and written, with the ability to convey complex information in an accessible way to various stakeholders.
- Ability to maintain confidentiality and work with sensitive information
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