Board salaries down one fifth in 2020
21:58
The total remuneration of management board members of 140 largest listed companies decreased last year compared to 2019 by approx. 20 percent and amounted to PLN 842,000 (the median) according to the report prepared by the consulting company PwC. It was added that for the first time the remuneration of women on boards was higher than that of men and amounted to PLN 892,000.
It was indicated that declines were recorded in companies from the FMCG sector ( minus 31 percent) and services ( minus 15 percent), while increases were noted in trade (40 percent), production (18 percent), IT (16 percent), and finance (7 percent). It was added that representatives of management boards in the financial industry received salaries of PLN 1,470,000.
As for the share of women on the boards of listed companies, it remains unchanged at 14 percent, according to the report, but in 2020, for the first time, the total remuneration of women was higher than the total remuneration of men and amounted to PLN 892,000.
On the other hand, the share of women in supervisory boards is higher. It was written that when it comes to chairmen of boards (comparing 2020 to 2019), the share of women in this position increased from 11 percent up to 16 percent. There was also an increase in the share of women among members of supervisory boards – from 15 percent up to 17 percent.
