CEO pay continues to grow, but at a slower pace

New Zealand's CEOs got a smaller pay rise last year.

Thu, 04 Apr 2024

A chief executive of a top New Zealand stock exchange-listed company made 32 times the average NZ worker in 2023, a BusinessDesk/Herald survey reveals.According to our executive pay survey, the average CEO salary was $2.23 million for the 2023 financial year, a 3.6% increase from 2022, which covers 52 companies listed on the NZ stock exchange (NZX).Women CEOs earned $15.85m, constituting 13% of the $117m of remuneration covered by our survey. This year’s growth in pay represents a slowdown after a 15% rise in 2022, although a new rec...

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Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 1:00pm

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Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am