As published in the ING Group Integrated Annual Report 2017, the Supervisory Board proposed to amend the Executive Board remuneration
policy to bring the remuneration
for the CEO more in line with an adjusted median of European companies.
KNOW THE LAW: The employer has to pay 50 per cent extra remuneration
for working on a national holiday along with a compensatory off day or 150 per cent of the basic remuneration
of its employees.
So the remuneration
paid to independent directors was also muted," said Shailesh Haribhakti, chairman of audit and accounting firm Haribhakti and Co.
The move comes as Next unveiled a new remuneration
policy for the three years to 2020, which will face a binding shareholder vote at the firm's annual general meeting (AGM) on May 18.
7% of the increase in the remuneration
of the incumbents, reached 436.
Members continue to pay close attention to levels of remuneration
, and it is essential that companies adequately justify the level of remuneration
awarded to executives".
Social insurance contributions paid on lower remuneration
lead to the inability of employees to prove the origin of their income.
The debate about executive remuneration
has focused on three elements: structure, governance and disclosure (Ferrarini et al.
There are many types of disguised remuneration
In 2012, there were three bankers in Cyprus whose overall annual remuneration
United Bank's president and CEO Wajahat Husain topped the list with total remuneration
Editors Kostyuk, Stiglbauer, and Govorun present readers with a collection of expert opinions and scholarly essays on the theory, process, and application of determining appropriate remuneration
for corporate directors in the face of the recent financial crisis.