The average salary for MDs and CEOs in FY22 was Rs 6.54 crore, up from Rs 6.31 crore in FY21 and Rs 6.22 crore in FY20.
The Chief Executive Officers (CEOs) of Indian companies got an average hike of 4 per cent on their compensation in FY22, reported The Economic Times. This is a moderate increase from the pre-pandemic period.
According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance.
An ET analysis, which included 220 BSE 500 companies for which data was available, shows that the average increase in the pay of captains of Indian industries- CEOs and MDs was higher than the 1 per cent rise seen in the FY21,
First Published: Oct 19 2022 | 10:27 AM IST