UK: executive directors' remuneration in FTSE350 companies

Later this month Deloitte will publish its annual survey of executive directors' remuneration in FTSE350 companies. Ahead of publication, some of the survey's findings have been announced, including (to quote from a press release published today):

Over half of FTSE 350 companies will not increase the salaries of executive directors in 2010 ... This will mean a two year salary freeze for many executives, after over two thirds were awarded no pay increase in 2009. Increases, where given, are likely to be around 3%, which is much lower than the level of increase seen in prior years ... There is more volatility in bonus payouts, which are higher than last year in FTSE 100 companies and lower in FTSE 250 companies. One in seven FTSE 250 companies paid no bonus to executive directors for the 2008/09 period and the median bonus was around 60% of salary, almost 10% lower than the previous year. In contrast, bonuses were paid in almost all FTSE 100 companies and payments have returned to more ‘normal’ levels, following a year in which they were generally slightly lower. The median bonus payment was around 100% of salary and in the top 30 companies was 140% of salary, almost 20% higher than last year".

For further information see here.