R1.5 billion ‘special’ bonus for CEO of South Africa’s most valuable company under fire

• The CEO of Prosus NV, Fabricio Bloisi, will not receive a special bonus of R1.5 billion as the company's dual-share voting system, which gives a small group of insiders 1,000 votes per share, is under scrutiny from investors.
• The dual-share voting system, which has been in place since 1995, is unusual compared to other tech companies, where shares can cast 10 votes for every one held by an ordinary share.
• The dissent from investors, including Norway's Storebrand ASA and the Netherlands' Van Lanschot Kempen NV, may lead to changes in the company's executive compensation and governance structure, potentially impacting its stock price and overall performance.