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Total compensation for CEOs in the DAX increases by 3.5% to an average of EUR 7.4 million – corporate profits grow by 36%. Significantly improved compensation reports pick up on investors' requirements. Analysis from the “hkp/// group Management Board Annual Report Evaluation DAX 2017”.

The joint study by hkp/// group und Ipreo ay-on-Pay – Which way does the coin flip? analyzes the ownership structure of DAX index listed companies and decisions taken by the top 30 investors in relation to management board compensation.

• The why and the how of top investor and proxy advisor decisions on management board compensation
• Investors and proxy advisors have market power but lack transparency
• The need for a Stewardship Code for investors and proxy advisors as well as a new quality of investor relations dialog

Expert in transformations, performance management and compensation will join the consultancy group’s management board as new Senior Partner and board member.

The new Institutsvergütungsverordnung brings stricter compensation regulations for banks in Germany - among others by clawbacks. See the major regulatory changes as well as their evaluation by hkp / / / group experts in our press release.

The hkp/// group analysis Executive and Non-Executive Director Compensation in Europe 2016 shows: CEO compensation in top European companies falls by 3.7%, while that of Chairmen of the Supervisory Board declined by 3%. The top places in the compensation league table continue to be occupied by companies that are headquartered in Switzerland and in the UK and are highest in the healthcare/pharma and consumer goods industries.

Looking back on a Performance Management Roundtable Switzerland hosted by hkp/// group

The new hkp/// group study "Annual report analysis: Supervisory board compensation at DAX companies 2016" shows: compensation levels of supervisory board chairman at DAX companies grew by around 8% in 2016, to an average of EUR 386,000. The movement away from variable compensation continues – almost two-thirds of DAX companies pay their supervisory boards fixed compensation only.