Resumen de Mining companies are cutting costs everywhere, except executive pay
Shareholders are nonetheless willing to pay high prices to get the best people for the job. "For many investors, not just in the mining sector, executive remuneration is a crucial investment criterion," he said. "However, in this challenging environment, shareholders recognise the need to pay for strong and experienced management and this can be seen from the increasing focus on performance and incentive schemes put in place for management teams." The report also noted that board turnover had slowed, with the industry "finally seeing signs of stability" in this regard. However, it stated that this was preceded by executive turnover on an unprecedented scale in the previous three years, "with boards seeking to cleanse themselves from the excesses of the past decade".
