Brazil's Remuneration Survey 2016/2017
Page Executive presents for the fifth year its remuneration study dedicated exclusively for Presidents and Executive Officers. In a different manner compared to previous years, we launched this issue in the second semester, considering the constant changes in the formulation of remuneration for top executives facing the economic instabilities in Brazil and already considering trends for 2017.
As a result of a scenario of intense instability and uncertainties, the Brazilian market attentively reacts to possible changes and anticipates a recovery in the medium-term. At the top management, we are experiencing a period of many changes as a consequence of staff reduction, consolidation and corporate changes. Companies continue to seek leaders who can combine strategic skills with a strong execution profile.
Despite the challenging scenario, there is still a strong evolution process in Corporate Governance in medium-sized companies and an intense consolidation move in several sectors, such as health, education and agribusiness, among others. Remuneration of top executives was not as affected, especially when considering fixed remuneration and long-term incentives. Despite the economic scenario, there is still a mismatch between demand for executives with the correct combination of training, experience and personal profile.