Original article by David Marin-Guzman
The Australian Financial Review – Page: 14 : 14-Jun-23

A new report from the Governance Institute shows that 42 per cent of directors at ASX-listed companies and 71 per cent of senior executives received a pay rise in 2022. The salaries of CEOs rose by an average of 15 per cent, while the salaries of managing directors rose by an average of 14 per cent. This compares with overall wage growth of just 3.4 per cent in 2022, according to Wage Price Index data; the inflation rate in turn was 7.8 per cent at the end of 2022. Governance Institute CEO Megan Motto says the sharp rise in executive remuneration follows several years of relatively small rises in fixed pay.

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