Men do not just outnumber women directors by a ratio of more than 11:1, their salaries, on average, are also higher. And it helps if you are from the promoter family: promoter directors are paid ~1.6 times as much as professional directors. Looking at gender, men do not just outnumber women directors by a ratio of more than 11:1, their salaries, on average, are also higher. This gender pay gap is unjustifiable and needs corrective action in the form of neutral pay structures. This is the second of a multi-part series on CEO pay put together by IiAS exclusively for Mint.

Source: Mint April 01, 2018 22:30 UTC