Structure and Level of Remuneration Across the Top Executive Team

Abstract

This paper details the level and structure of executive remuneration across the executive team from 2006 to 2009. Results indicate that the level and structure of executive pay varies across the executive team. There is a clear delineation between the level and structure of all components of pay for the CEO and Executive 1, and for other executives. Employees of finance firms receive higher levels of pay and greater proportions of bonus than do employees in other sectors. Pay structure in 2009 is different from other years in the study, indicating that the economic downturn of 2008 and 2009 has led to differences in executive pay.