Revamp: 'I've just had a brief look at the new website. I have to say it looks fantastic! Congratulations to all concerned on the obvious hard work put in.'
10/06/2015
Over 60% of Europe’s leading chief executives received no salary increase in 2015, up from 40% experiencing a ‘pay freeze’ in the previous year. The research by Towers Watson also shows that the median actual bonus for top CEOs in the last financial year was 100% of base pay, down from 115% in the previous year. The expected value of long-term incentive plans also dropped from 135% of base pay to 119%. Total pay for CEOs remained constant in 2015, with a median total reward figure of €5.4 million. An analysis of the regulatory scene surrounding top pay in Europe points to a certain degree of convergence, with pay caps and greater pay disclosure being introduced in a number of countries.
Richard Belfield, executive compensation team lead at Towers Watson, said:
‘Corporate governance frameworks across Europe are becoming more similar, with the result that executive compensation is increasingly a function of the size and sector of a company and less influenced by its geographic origin.’