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‘Covid-19 instrument’ designed to protect value of top executives’ incentives a focal point of contention at FirstRand AGM

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firstrandMoneyweb reports that the FirstRand board spent most of its 90-minute annual general meeting (AGM) on Wednesday trying to defend its “Covid-19 instrument”, which was designed to shelter its top executives from the adverse impact of the pandemic on the value of their long-term incentives.  

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