You are the secretary of a company going through the process of listing on the Johannesburg Stock Exchange (JSE). The board held regular meetings, and at the last meeting decided they are worried about disclosures relating to directors' remuneration. In fact, one of the board members told you confidentially that none of them are certain what information needs to be disclosed, what will be audited, and what will not. Until now, remuneration has not been disclosed in the company's annual reports, and with the new listing, the board feels that this must change. Prepare a summary of requirements and best practice relating to the disclosure of directors' remuneration, and the audit of this information, for the next board meeting.