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Our Bureau

Bangalore, April 19 Amidst recent calls for fair pay, more than one-third of executives (34 per cent) expressed at least some concern regarding their CEO’s compensation, according to the latest Executive Quiz from Korn/Ferry International, a premier global provider of talent management solutions.

In contrast, a 2007 Korn/Ferry survey of executives revealed that approximately one-fifth (21 per cent) felt their CEO was overcompensated.

Additionally, four out of five executives (80 per cent) indicated that shareholders should have at least some “say on pay” for their company’s executives. Shareholders today are witnessing an ongoing disparity between rising CEO compensation and declining share prices.

“The tumultuous economic environment highlights the challenges with getting pay for performance right,” said Mr Russell Miller, Managing Director, Korn/Ferry’s Executive Compensation Advisors.

“The business community continues to focus on aligning pay and performance, and companies are having mixed success against this objective.”

When asked if they felt their CEO’s compensation directly reflects company performance, more than half (55 per cent) of the respondents indicated that it does not reflect or is only “somewhat” reflective of the organisation’s results. Another 42 per cent said their CEO’s compensation was in line with company performance.

The Korn/Ferry International Executive Quiz is based on a global survey of executives registered within the firm’s online Executive Centre. Respondents from more than 50 countries, representing a wide spectrum of industries and functional areas, participated in the most recent Executive Quiz in March.

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