Two-fifths of AIM CEOs saw total remuneration fall in 2012

EXECUTIVE PAY

Two-fifths of AIM CEOs saw total remuneration fall in 2012

Pay rises on the Alternative Investment Market (AIM) were muted last year, according to the tenth annual survey by Vitesse Media Research in association with Growth Company Investor.

But the mood of restraint was not universal, with 108 AIM CEOs earning more than £500,000 – an all-time high – and 24 of those taking home over £1 million – equalling the record last seen before the collapse of Lehman Brothers in 2008.

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Key findings

• 43% of CEOs and 41% of financial directors saw their total remuneration fall or stay the same.
• Median CEO pay is now £202,000, with a basic salary of £173,000.
• The median change in CEO pay was 2.6%, up from 1.9% in 2012.
• As many as 47 AIM CEOs – almost one in 20 of AIM’s chief executives - earned less than the average salary of a UK worker (£26,500).
• Total board pay was £485,000 at the median, with overall directors’ remuneration rising at 57% of AIM companies and falling at 40%.
• CEOs and financial directors are enjoying their biggest ever slices of total board pay, at 42% and 30% respectively.
• Meanwhile, the median non-executive chairman earned £41,000, compared with £40,000 the previous year.

Want to know more?

Title: Directors’ Pay on AIM 2013, Vitesse Media Research in association with Growth Company Investor, February 2013.

Survey details: The survey contains details of pay at 90% of AIM companies, as well as analysis of remuneration by market capitalisation, turnover, profitability and sector. It includes data on the pay of CEOs, financial directors, non-executive chairs and boards.

The report analysed pay at 1,000 AIM companies, using the latest full report of each company. More than 99% of the reports analysed had a year-end between 1 August 2011 and 31 July 2012.

The analysis of CEO pay is based on the pay of the highest-paid director, whether or not that individual uses the title of CEO. Pay was pro-rated and converted to sterling at historic exchange rates on 31 December 2011, the year-end of most of the company reports analysed.

Availability: To order the full report or for further information, contact Samantha Coles on 020 7250 7039 or email: samantha.coles@vitessemedia.co.uk.