The average compensation of a CEO in listed companies was 4.2 million euros, which is nearly 31 times the amount paid to a non-executive member of the Board of Directors. The gender gap on Boards of Directors is now nearly closed (44 percent of Board members are women), but women in executive positions remain at a low level, around 10 percent, with only one serving as Company Manager. In terms of the company's head's remuneration, the median value of fixed remuneration increased by 10% compared to the previous year, reaching €1.208 million for the holding company alone and €1.288 million when the remuneration paid by the subsidiaries is included. According to a recent study, there is a significant pay disparity between managers in the financial and non-financial sectors, with the former earning 1.759 million euros and the latter receiving 1.115 million. Furthermore, the median value of bonuses and other incentives provided by holding companies is 856 thousand euros, up 19% year on year, while the number of recipients remains stable. ESG issues are also gaining traction in salaries. Companies now see them as elements that can help make their balance sheets more profitable and resilient, rather than just embellishing them. This element is increasingly being factored into manager salaries. CEO compensation consists of 37% fixed compensation, 25% short-term incentives, and 38% long-term incentives (in addition, all companies have claw back clauses, which allow for the recovery of amounts paid to managers in certain circumstances).
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