Stock Exchange, to the CEOs of the listed companies an average remuneration of 2 million
How much do the CEOs of listed companies earn? Now there is an answer. The average package provides for a fixed remuneration of 785 thousand euros; to this are added a short-term and long-term variable which are worth – at target – 538 and 624 thousand euros respectively. The total average target remuneration is therefore equal to just under 2 million euros (1,946 thousand euros). This is what emerges from the first Fin-Gov Report on corporate governance carried out by the new Financial Research Center on Corporate Governance of the Catholic University. The composition of the target package is therefore 49% fixed and 51% variable. The amounts and the pay mix – highlights the relationship – change according to the size of the company and the structure of the shareholder base.
Variable target to objectives below 50%
Small companies have a target of less than 50% of the package, mainly linked to the short term. On the contrary, large companies (especially non-concentrated ones) attribute packages in which the variable and, within it, the long-term component have a preponderant weight. The transposition of the Shareholder Rights II directive has improved the transparency of the remuneration policy. Today it is often possible “to reconstruct not only the structure and the amounts of the package offered to the CEO, but also their variability in relation to the achievement of the objectives. However, the road is still long: complete numerical data on the dynamics of the package are provided by about 60% of the issuers “, highlights the report.
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