Chief executives of Australia’s larger companies have received significant increases in pay. With the first company disclosures for the year ending June 30 just being released, CEOs have received overall remuneration increases of 39%, with the median total remuneration received being $1,555,335. Total remuneration includes all elements of pay, such as base salary, superannuation benefits, bonus payments, shares and non-monetary benefits such as cars. Fixed pay comprises non-performance related elements of pay, and excludes all bonuses and long term incentives. This increased almost 25% to a median level of $767,205. Performance pay increased the most. Short term incentives increased by over 52%. Long term incentives, which often comprise of shares and options that will only vest if performance hurdles are exceeded, increased by 66%.
These early trends have been captured by GuerdonData™, a revolutionary on-line database that continuously updates executive and board remuneration as new ASX 300 company disclosures are released. The recent availability of GuerdonData™ will greatly enhance board and investor scrutiny of director and executive pay.
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