www.pwc.dk/bestyrelsesarbejde Bestyrelseskonferencen 2014 10. oktober 2014
Bestyrelsesarbejde i Danmark 2015 2
s årlige lønundersøgelse v/ Claus Høegh-Jensen, Partner, 3
Aflønning af ledelser s lønundersøgelse 2015 Internationale tendenser inden for ledelsesaflønning Overvejelser vedrørende long term incentives. 4
Undersøgelse med fokus på 2013-regnskaber Bestyrelse C20 Large CAP Mid CAP Small CAP U-noteret 9,81 9,19 7,18 6,36 9,67 300-600 300-600 100-300 100-400 3X 2,5-3X 2-3X 2-3X 1,5-2X 1,5-2X 1,5-2X 1-2X 585 414 325 247 Komitéarbejde ¼-1X - - - Niveau komité 50-500 - - - Antal medlemmer Niveau, medlem (TDKK) Formand Næstformand Gennemsnit 395 5
Undersøgelse med fokus på 2013-regnskaber Direktionsløn - gennemsnit OMXC20 Large CAP Mid CAP Small CAP U-noteret Samlet direktionsvederlag 48.237 19.060 13.445 5.665 28.261 Direktionsgennemsnit (TDKK) 11.865 (+9%) 8.044 (+18%) 6.027 (+8%) 2.983 (-18%) 9.085 (+31%) Variabel andel af fast løn 85% (+24) 26% (-15) 53% (+5) 30% (-30) 105% (+35) 6
s Executive Reward Survey 2014 Hvilke tendenser vil vi se i 2015 i forhold til ledelsesaflønning? Overordnede resultater fra s Executive Reward Survey 2014 Løngennemgange viser en tendens til tilbageholdenhed Præstationsbaseret aflønning med bonus er stigende Hvad bringer 2015? 7
s Executive Reward Survey 2014 FTSE 100 64 virksomheder FTSE 250 78 virksomheder Private & Andre 84 virksomheder 8
Lønniveauet er øget i takt med inflationen Base Salary 900 816 820 825 850 800 Base Salary ( 000) 700 600 500 400 CEO 439 313 465 460 477 315 308 325 300 200 100 Main Board Reports to Group Other 179 180 180 193 140 125 129 138 2011 2012 2013 2014 0 9
Minimale udsving på niveauet for bonusmål Target bonus 120% 100% Target Bonus (% of salary) 100% 80% 90% 75% 75% 90% 90% 90% 75% 75% 75% CEO Main Board 60% 66% 60% 40% 40% 63% 40% 65% 60% 40% 40% Reports to Group Other 40% 40% 35% 20% 30% 30% 30% 2012 2013 2014 0% 2010 2011 10
Bonusudskydelse Bonus deferral % of roles subject to compulsory deferral 80% 70% 60% CEO 50% Main Board 40% 30% Reports to 20% 10% 0% 2012 2013 2014 11
Aflønningen i henhold til Performance Share Plans er uændret PSP policy award levels PSP Policy award level (% of salary) 250% 200% CEO 150% Main Board 100% Reports to 50% 0% 2010 2011 2012 2013 2014 12
Øget brug af guidelines for aktiebesiddelser men kravene er de samme % of roles with a shareholder requirement Size of shareholding Requirement 250% 100% Shareholding requirement (% of salary) CEO 200% Main Board 150% Reports to Group Other 100% 50% Roles with Shareholding requirement (% of roles) 90% 90% 90% 80% 88% 71% 68% 70% 60% 67% 59% 49% 50% 40% 28% 30% 20% 10% 90% CEO Main Board Reports to Group Other 30% 17% 1% 4% 7% 0% 0% 2012 2013 2014 2012 2013 2014 13
Lønnen på direktionsniveau er uændret mens lønnen er stigende under direktionsniveau Actual base salary percentage increase 5,0% CEO Base salary % increase 4,5% Main Board 4,0% 3,5% Reports to 3,0% Group Other 2,5% 2,0% 2011 2012 2013 2014 2015 (forecast) 14
Selskaber med uændret løn er højere i 2014 Board level salary freezes % of companies with salary freezes 35% 30% 25% 20% 15% 10% 5% 0% 2010 2011 2012 2013 2014 15
Lønbudgetter er uændrede Respondents (%) 80% 70% 60% 50% 40% 30% 20% 10% 0% 79% plan to keep 2015 salary budgets broadly in line with 2014 figures Expected base salary increase in forthcoming year Actual; 3% Actual; 3% 2013 forecast (from 2012) 2014 forecast (from 2013) 3,0% Expected base salary % increase in forthcoming year How does next year's salary budget compare with your previous budget? 90% 2,9% 2,8% 2,7% 2,6% 2,5% 2015 forecast (from 2014) 16
Bonusudbetalinger er stigende i 2014 Actual annual bonus as % of max 80% Annual bonus (% of max) 75% CEO 70% Main Board 65% Reports to 60% 55% 50% 2009 2010 2011 2012 2013 2014 17
CEO s har oplevet lavere bonusvækst end andre medarbejdere % Change in bonus paid Bonus paid in 2014 / Bonus paid in 2013 ( / ) 14% 13% 12% CEO 10% Main Board 9% 8% 6% Reports to 4% 4% 2% 9% 3% Group Other 0% 2013 to 2014 18
Antallet af nul-bonus til CEO s er højt og stigende i forhold til 2013 Proportion of roles receiving nil bonus Proportion of roles receiving nil bonus 20% 18% 16% 14% 12% CEO 10% Reports to Main Board 8% 6% 4% 2% 0% 2009 2010 2011 2012 2013 2014 19
Hvad opsummerer bedst jeres aflønningsprioriteter for de næste 12 måneder? 60% 50% Respondents (%) 50% are focused on reward policies and processes 33% are focused on managing costs / value for money 40% 30% 20% 10% 0% Improving reward Focus on reward for policies and talent/retention processes Managing costs/value for money Addressing pay for performance Maximising employee engagement Business as usual 20
Hvilke aflønningsområder vil I gennemgå i 2014? 60% 50% 50% are reviewing incentive design Respondents (%) 40% 30% 20% 10% 0% Bonus arrangements Long-term Overarching Benefits (e.g. Employee share Pension incentive design strategic review flexible benefits) schemes arrangements and participation and alternatives Other 21
Ingen incitamentsordninger passer til alle formål. Prioritér fra 1-10 (10 er det vigtigste), hvad en ny langsigtet ordning skal understøtte Reward performance in accordance with long-term strategy Flexibility in programme Align salary package with competitors for leaders/talent/specialists Recruit new employees Retain key employees Alignment with short-term incentive Drive performance culture Easy administration Alignment of interest of shareholders and participants Simplicity towards participants in understanding the programme 22
Få seneste nyt om bestyrelsesarbejde Nyheder, værktøjer og tilbud om arrangementer på www.boardforum.dk www.pwc.com/us/corporate-governance www.pwc.com/us/directorssurvey Bestyrelsesarbejde i Danmark 2015 Trykt version ipad / iphone / PC www.pwc.dk/bestyrelsesarbejdet 23
På gensyn Kåringen af Årets Bestyrelsesformand 2014 Den 6. november kl. 15-17 Tilmeld dig kåringen af Årets Bestyrelsesformand 2014 Eva Berneke, adm. direktør, KMD og Årets kvindelige bestyrelsesmedlem, holder indlæg Niels Jacobsen, Årets Bestyrelsesformand 2013 (LEGO), uddeler prisen. www.pwc.dk/bestyrelsesformand 24