An Australian Council of Superannuation Investors survey has revealed that the CEOs of ASX 100 companies received no annual bonus in 2020, double that of the previous year. They included Alan Joyce of Qantas, Marnie Baker of Bendigo & Adelaide Bank and Susan Lloyd-Hurwitz of Mirvac. Ed John from the ACSI says that the pandemic and ensuing lockdowns was the main reason for lower CEO pay in 2020, and he says the better alignment between pay and performance should result in fewer ‘strikes’ against remuneration reports at the next round of AGMs.
From The Australian:
The median bonus size for CEOs who did receive a short term incentive payment fell to 31 per cent of the maximum possible payout, down from 60 per cent in 2019…
