Revealing the Relationship between Pay and Performance
Kepler's analysis of pay performance alignment in the FTSE 350. The search for a correlation between executive pay and performance often draws a blank. This new study, our most comprehensive to date, correlates BIS single figures for total remuneration against TSR performance. We find that once company size is taken into account, most sectors show a positive relationship between CEO pay and performance - and one that is improving over time.