The new BDO Report: AIM 100 Directors’ Remuneration Report 2023: bonuses bounce back is the seventh annual report based on research from the remuneration of directors of AIM listed companies. The latest AIM 100 Directors’ Remuneration Report reveals a strong growth in C-Suite remuneration packages, ahead of volatility that has constrained market activity this year.
It has been a difficult year for public markets, and the Alternative Investment Market (‘AIM’) has not been immune. Geopolitical and economic events have changed the landscape of the AIM 100, with energy companies pulling ahead of many healthcare and technology constituents. At the same time, the bullish investor sentiment witnessed so clearly over the last couple of years has receded in the face of higher borrowing costs and a challenging outlook for the global economy.
The report key highlights include:
- The median salary for CEOs in 2022 is £386,000 and total median remuneration is £904,000.
- The total median remuneration is £565,000. The median FD and CFO salary is £265,000, an 8% annual increase from three years ago.
- At least 80% of CEOs, FDs and CFOs received a bonus in the current year. Bonuses for CEOs comprised 35% of their total remuneration package, compared to FDs and CFOs, where bonuses made up 29% on average.
- Gender diversity has improved on AIM 100 boards though representation remains low. One fifth of AIM 100 boards still have no female representation.
Although this report can only provide a snapshot of executive remuneration at a single point in time, it is hoped that it will provide a useful benchmarking resource to allow comparison of remuneration, between directors and their peers.
To download the full report, click on the link.