 "No person shall continue as MD & CEO or WTD beyond the age of 70 years")
Financial year 2020-21, while dominated by Covid-19 that adversely impacted economic activity and the job market, proved fruitful for India’s top chief executive officers (CEOs) and chief experience officer (CXOs). CEOs’ salary recorded a strong double digit growth in line with a rally on the bourses and big jump in corporate earnings.
The average CEO salary was up 19 per cent in FY21, and listed companies together paid Rs 9,763 crore to their top management during the fiscal — up from around Rs 8,200 crore a year ago. This includes the total remuneration of all board members in the respective companies.
The
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