FTSE 250 CEO pay up 11% – Deloitte

The median pay of chief executive officers in FTSE 250 companies increased by 11% in 2016, compared to a fall of 19% for their counterparts in FTSE 100 corporations. The median amount paid to CEOs in FTSE 250 companies stood at £1.8 million a year, according to Deloitte’s annual FSTE 250 remuneration report.

Despite efforts to adopt best practice in executive remuneration, shareholder voting recommendations and outcomes were less positive this year – of the FTSE 250 companies that have held AGMs so far in 2017, 15% have received the support of less than 80% of shareholders for either the annual remuneration report or policy, compared with only 8% of this group receiving negative responses last year.

Mitul Shah, reward partner at Deloitte, said:

‘In the 2017 AGM season, proxy voting recommendations and voting outcomes have demonstrated that shareholders are holding FTSE 250 companies to the same standard as larger FTSE 100 companies . . . The cautious and restrained approach taken by many FTSE 100 companies does not appear to have filtered through to all FTSE 250 companies. Shareholders have left this minority of companies in no doubt that the spotlight is also on them.’