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Executives at some of Australia’s largest companies have received double-digit pay rises as workers face rising cost of living pressures.
A report on board and executive pay among ASX-listed companies, released on Tuesday by the Governance Institute of Australia, found the salaries of chief executives rose by 14% in the past financial year while managing directors received an 11% pay rise.
The survey of 1089 companies found the average fixed remuneration of a chief executive of an ASX 200 listed company was $1.37 million in 2023-24, up from $1.14 million in 2022-23.
The average for managing directors of prominent companies increased to $1.88
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