Up to more than 5 million euros, but almost half of Bel20 CEOs earned less last year than in 2021

The above figures refer to the total earnings of a CEO in one year. This means that wages were taken into account, but also short- and long-term bonuses. This year, the researchers paid specific attention to the performance measures used to determine the short-term bonus in Belgian listed companies.

That list is headed by the financial indicators (such as turnover, cash flows and profitability). Not surprising in itself, but the research shows that environmental indicators and diversity are also increasingly playing a role. At least abroad.

In Belgium, only 6 percent of companies have included a performance measure related to emissions. For the rest of Europe (Stoxx index) this is 24 percent. For diversity it is 5 percent in Belgium and 18 percent in Europe. “Belgium must be careful not to lag behind,” said Baeten.