Although female representation at board level has improved, most chief executives are men, annual survey reveals.
In the FTSE 350, the median chief executive’s pay was 57 times that of the median employee in 2022, up from 56:1 the previous year.
Nearly half of chief executives progress via the role of divisional head, but less than a fifth of divisional leads are female, study finds.
But constraints such as shareholder guidelines can make board directors lower the pay offered to chief executives, research shows.
Chief executive appointments in the FTSE 100 are also up—but only 27% of incoming CEOs are female, report reveals.
Total compensation for chief executives in the US far outstrips that of CEOs in the UK, ISS analysis reveals.
Beware the rise of chief executives who are accorded special privileges and apparently can do no wrong, research warns.
The researchers say political changes and business difficulties may have accelerated turnover, which has risen 150% in the FTSE 100 alone.
In Europe as a whole, only 7.7% of top companies’ chief executives are female, gender diversity barometer shows.
Agility, planning in the shorter term and bravery will all stand chief executives in good stead in another unpredictable year.