Companies temper executive pay rises
Companies temper executive pay rises
08 July 2021 7:38AM
There was a big drop in the proportion of chief executives who got a pay rise over the past year, as Australian companies paid heed to the reputational risk of giving their executives and directors salary and fee increases during the pandemic.
According to the Governance Institute of Australia’s 2021 Remuneration Report, only 25 per cent of Australian CEOs received increases in fixed remuneration over the past year, compared with 53 per cent in the previous year.
For those who did receive a pay rise, the increase was 1.4 per cent – down from 2 per cent the previous year.