Research from Vlerick Business School reveals that CEO remuneration in the STOXX Europe 600 has remained largely unchanged over the past decade, with median compensation rising modestly from €2.88 million in 2014 to €3.81 million in 2023. The study indicates that CEO pay's limited growth poses challenges for European competitiveness in the global market. Notably, there has been a significant rise in linking executive compensation to non-financial KPIs, indicating a shift in focus towards sustainability and broader organizational performance metrics.
The study finds that while European CEO remuneration has modestly increased to €3.81 million by 2023, it has not significantly risen over the past decade.
The incorporation of non-financial KPIs into executive compensation has surged from 16% to 64% for LTIs and 71% to 90% for STIs from 2014 to 2023.
#ceo-remuneration #executive-compensation #non-financial-kpis #vlerick-business-school #european-market
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