Exact(3)
Richard Bednarek, a director of the Hay Group, a remuneration consultancy, says that for executive directors of FTSE 100 companies in Britain last year, the median bonus was 50% of basic salary.
The average pay package of the chief executive of a FTSE-100 company, including his pension and long-term incentive plan, increased from £1m in 1998 to close to £4m in 2008, on figures from MM&K, a remuneration consultancy (see chart 1).
So perhaps HR deals with employee pay and engagement, the diversity team sit in their own space where they do more marketing than crunch numbers for change and the remuneration committee - with its own remuneration consultancy bubble to back it up -- considers executive pay.
Similar(57)
"When I started work in the 1970s," recalls Vicky Wright, global head of remuneration and benefits consulting for Hay Group, a pay consultancy, "a lot of people would join a company at 16, 18 or 21 and expect to stay right the way through.
Publish the fees of the remuneration consultants?
It was plainly suggesting a consultancy with generous remuneration.
These included free consultancy services by the veterinarians, remuneration in some instances for field staff and the promise to organize seminar for the communities visited after the conclusion of the research.
Shareholders have delivered a damning verdict on a 13% pay rise for Samir Brikho, the chief executive of consultancy group Amec, by almost voting down the remuneration report.
H.O.D.C. has received clinical research support for laboratory consumables and staff from Bayer Ag and provides consultancy advice (but with no personal remuneration) for Bayer Ag, PregLem SA, Gideon Richter, Vifor Pharma UK Ltd., AbbVie Inc. and Myovant Sciences.
In such cases, avoid any blurring between your dual roles by electing to receive remuneration through your faculty position and not through your consultancy.
In the U.S., where the average CEO makes about three times the salary of his French, German or Japanese counterpart (according to Towers Perrin, a compensation consultancy), most boards wouldn't dare put specific remuneration packages to a shareholder vote (and they aren't required to).
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