TITLE

Top finance chiefs' pay up 14%

PUB. DATE
October 2003
SOURCE
Accountancy;Oct2003, Vol. 132 Issue 1322, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The average pay of FTSE 100 finance directors have rocketed to £660,000 in 2003 from £579,000--an increase of 14%. The FTSE 100 survey suggests that bonuses have become by far the most significant portion of overall remuneration, sometimes double the base salary. Often, however, total remuneration does not include additional share options awarded to executives. Regarding institute membership, the survey shows that while the Institute of Chartered Accountants in England and Wales still has the largest number of finance directors (FD) at 54, the number has slipped from 57 in 2002. Other institutes account for five FD, the same as 2002, while there are 16 FD belonging to no institute.
ACCESSION #
11192082

 

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