The median compensation for non-promoter or professional CEOs in India now stands at Rs 10 crore, up 13% over the previous year.
Short-term incentives or annual bonuses comprise 25% of total CEO compensation and long-term incentives constitute the balance of 35%.
The pay for other CXOs like COOs, CFOs, CHROs, CMOs and CSOs over the last year saw an increase, ranging between 7 to 11%.
CEO and CXO tenures are getting shorter, performance expectations and shareholder activism are rising, leading to more upward pressure on pay and benefits, and heavily negotiated executive contracts.