Every year, WTW analyzes remuneration report disclosures and the feedback from key proxy advisors on the remuneration levels and design for the executive boards of the largest European companies, and subsequent Annual General Meeting (AGM) results. This year, the analysis covers 328 companies listed in the top indices of nine European countries: Belgium (BEL 20), France (CAC 40), Germany (DAX 40), Ireland (ISEQ 20), Italy (MIB 40), Netherlands (AEX), Spain (IBEX 35), Switzerland (SMI), and the UK (FTSE 100). Remuneration data is sourced from WTW'S Global Executive Compensation Analysis Team and voting results are as disclosed by companies.
Development of European CEO pay since 2017
This graph shows that the increase in CEO pay has not been linear. Levels remained relatively stable between 2017 and 2020, even dropping slightly in two years, before increasing in the last two years.
Say on pay results 2023
Voting results on remuneration report resolutions in 2023 show broad investor support.
If you are interested in more details on European or country-specific market practice, AGM results or investor analysis, please reach out to us.
Authors
SOLUTION
Executive Compensation and Board Advisory
Strategic and research-driven executive compensation and board advisory consult
