Business
CEOs take pay cut but boards urged to show more ‘restraint’ in pandemic – Sydney Morning Herald
A powerful superannuation group is urging boards to rein in executive pay and shun bonuses where companies have launched emergency capital raisings.
The number of ASX200 CEOs getting no bonus, meanwhile, jumped from 7 to 25, which ACSI said pointed to boards using “sensible discretion”. As the economy is devastated by the coronavirus pandemic, the influential group expects more moderation this year.
IDP Education chief executive Andrew Barkla, who topped ACSI’s list of highest-paid ASX200 CEOs on a realised pay basis.Credit:Wayne Taylor
“We expect a greater level of restraint from boards on CEO pay in 2020 given the impact of the COVID pan…
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