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Compensation experts are encouraging boards to have their HR teams perform dry runs of their pay ratio calculations this year and next year in preparation for the mandatory 2017 fiscal year disclosures.
As of the end of 2015, the realizable values of compensation awarded to CEOs at five of Canada’s largest oil companies had slid an average of 40 percent below the figures that were reported to shareholders in the proxy statements, according to a Bloomberg review of regulatory filings.
Combined CEO-chairs were paid about $1 million more than non-chair CEOs at the 100 largest companies by revenue that filed proxy statements by April 1, according to research by compensation data firm Equilar.
Now that more companies are using total shareholder return (TSR) as a metric for measuring CEO performance, compensation committees are being urged to determine if the way TSR is being applied is having the desired effect.