Year end: Jun 2017
Assessment date: Apr 2018

Leadership tone, especially from the chairman, lacks authenticity. Despite shareholder pressure, Sun International’s remuneration report is still vague in making the case for shareholder alignment and reward commensurate with performance, in particular around material ESG issues.

In addition, while a CEO roadshow apparently refreshed the company’s vision and values, this initiative would have been undermined by the CEO’s departure, especially given little evidence of values being embedded.

No substantive commentary on product suitability and the harmful effects of gambling on its customers, their families and wider society (apart from contributions to the SARGF), with a red flag being noted at the mention of “certain debts not collected,” raising the potential for exposure to irresponsible lending practices.

Despite a high BEE rating (Level 2), Sun International’s leadership shows little evidence of sincere involvement in local industry development.

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