Socapalm to increase directors salary to 120 m CFA F

Shareholders of the Cameroon Society of palm (Socapalm ) will vote on a resolution on the increase salary of administrators during a general meeting to be convened in Douala, Cameroon 's economic capital , June 11, 2015, we learned from official sources.

In fact , this increase is deemed incredibly high as the resolution proposed to the shareholders will raise the allowance from 18 million CFA francs to 120 million francs CFA per director each year, as indicated in the draft agenda of the General Assembly .

It should however be noted that, Socapalm, the first company listed on the stock exchange in Douala ( DSX ) posted a net profit of 5.9 billion CFA francs in 2014 , up over 20 % from 2013 .