C-suite remuneration across a dozen leading pharma companies in India rose in 2020-21 as top executives steered their organizations through pandemic-related disruptions and challenges to keep things moving. CEOs and managing directors of domestic firms continued to draw sizeably higher earnings overall versus their peers in foreign-listed entities in India.
CEO Pay Packages Expand in India But Ratio To Employee Earnings Hurts
Top executives at leading local and foreign drug firms in India by and large earned more in 2020-21, while differentials in CEO to median employee remuneration remained stark. With increasing scrutiny by shareholders and lawmakers, experts suggest that pharma should be more mindful of balancing “adequate” C-suite compensation and glaring inequalities.
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