Canadian Mining Journal


Executive compensation slow to adapt to sector downturn

There appears to be no relationship between return on equity and CEO pay components in the mining industry, according to a survey of 100 leading companies.

The survey found that there was not a strong correlation between CEO pay and the financial performance of mining companies, and that the strongest correlation – “albeit modest” – was between CEO fixed pay and earnings before interest, taxes, depreciation and amortization (EBITDA).

The 2015 REM Report compared base and total fees paid to chairmen and non-executive directors, as well as CEOs, CFOs, COOs, business unit heads, group counsels and corporate executives, for the year ended Dec. 31, 2014.

The report on remuneration in the mining industry is published annually by Investec, an international specialist banking and asset management group in London, in partnership with HRascent, a specialist advisory company in remuneration and compensation analysis, and Swann Global, an executive search and organizational development practice in the global resources and infrastructure industries

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