The number of FTSE 100 companies proposing significant pay rises or new remuneration structures for their top heads has jumped this year, as London-listed groups debate whether to boost incentive packages to compete with US rivals.
More than half of companies that have asked shareholders to approve a new remuneration policy are proposing to increase significantly the maximum pay on offer or introduce new incentive structures, according to research by Deloitte.
“We are seeing an increase in large, global FTSE 100 companies moving forward with more radical pay proposals this year, both in terms of incentive levels and the structure of pay,” said Mitul Shah, a Deloitte partner who advises companies on executive remuneration.
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