Saturday, August 01, 2020 / 07:00 AM / By
Proshare Research / Header Image Credit: EcoGraphics
In
2019 CEOs where beginning to gain confidence in the economy as gross domestic
product grew steadily out of the negative growth rates between 2016 and 2017,
as recession blues passed away. The C-suite in 2018 had become a few notches
more optimistic and corporate chief executives (CEOs) had started to see their
remunerations climb. The trend continued in 2019 as the economy showed signs of
sustained growth with analysts predicting growth rates of between 2.5 and 3% (
GDP actually closed the year at 2.55%).
The
year 2019 promised a strong 2020 as the Central Bank of Nigeria's (CBN's)
manufacturing sector purchasing managers index (PMI) stood at 60.8, indicating
expansion in the manufacturing sector for the thirty-third consecutive month.
In 2020 the story has flipped with the PMI for July 2020 slumping to 44.9
indicating manufacturing sector contraction, a worsening of CEO headaches.
The
2nd edition of Proshare's CEO Remuneration report titled "CEO
Remuneration: Paying the CEO in a Pandemic the Unanswered Question" provided
fresh insights as regards CEO remuneration and the various dynamics and
complexities associated with CEO pay in 2019 and the likely worsening shape of
things in 2020. The following fresh insights were deduced from the report:
As at the time of publishing the second report no CEO had yet responded to Proshares enquiries concerning other aspects of their total compensation including bonuses and dividends. It is hoped that by the next edition of the report in 2021, it would be possible to gather more detailed information on how much Nigerian CEOs receive annually.
Downloadable Versions of 2020 Report
(PDF)
1. Executive
Summary: CEO Remuneration 2020 Report - Paying the CEO in a
Pandemic; The Unanswered Questions July
30, 2020
2. Full
Report: CEO Remuneration 2020 Report - Paying the CEO in a
Pandemic; The Unanswered Questions July 30, 2020
Previous Year's Report and Links
1.
CEO Remuneration
2019 Report: Making Sense of the Numbers for Listed Companies in Nigeria July 30, 2019
3.
All
Quoted Companies IR Pages - Proshare MARKETS
Related News from CEO Remuneration 2020 Report
Related News
1. Top 10 highest
earning CEO's in Nigeria - Nairametrics - July
10, 2020
2. Tinubu, Avuru
top list of highest paid CEOs of quoted Nigerian companies - BusinessDay - April 23, 2019
3. Memo
To AMCON: Nigerian Tax Payers are not Responsible for Repayment of Bad Debt
4. Much
Ado About the FIRS' 6% Stamp Duty on Leases
5. An
Unexpected Rise in the FAAC Payout in July 2020
6. A Strong
COVID-19 Response, and a Road to Recovery
7. Unemployment in
Today's Recession Compared to the Global Financial Crisis
8. Teleworking
is Not Working for the Poor, the Young, and the Women
9. Coronanomics
(1) - Understanding the Realities of an Impending Recession
10. PepsiCo
Elects Segun Agbaje To Board Of Directors
11. DANGCEM
Appoints Michel Puchercos As Group CEO; Joseph Makoju Retires
12. Michel
Puchercos Resigns As GMD Of Lafarge Africa Plc; Appoints Khaled Abdelaziz El
Dokani
13. Dangote
Cement Plc Appoints Engr. Joseph Makoju as Managing Director
14. Wale
Tinubu named Young Global Leader
15. ACCESS
Notifies of Dealing in 0.73m Volume of Shares Worth N4.96m By Mr. Herbert Wigwe
16. Adversity
Teaches Us to Innovate - Jim Ovia, CON
17. ETI
Appoints Alain Nkontchou As Board Chairman
18. FIDELITYBK
Notifies of Board Changes; Appoints Mrs. Nneka Onyeali-Ikpe as CEO
19. UNILEVER
Announces the Resignation of Mr. Yaw Nsarkoh As Director
20. Emuwa
resumes as Union Bank's boss on Thursday