The ranking of executive compensation of listed companies in 2005 was announced yesterday-
The stock code of Shenzhen Development, a listed company, is (00000 1). Last year, the annual income of its executives ranked first among more than 300 companies in Shanghai and Shenzhen stock markets.
Yesterday, Zheng Rong Investment Consulting Co., Ltd. released the Comprehensive Research Report on Executive Compensation and Shareholding of Listed Companies in China, which showed that Frank Newman, the foreign chairman and CEO of SDB, earned an annual salary of 6,025,700 yuan (about 654.38+ 6,000 yuan per day), ranking first in executive compensation of listed companies.
The report also shows that the annual salary of *ST Hailong (6005 16) executives is only 1.900 yuan, ranking the bottom among listed companies in the two cities, with a gap of more than 552 times compared with the 6,025,700 yuan of Shenzhen Development Bank.
It is understood that the data used in the relevant reports are all from the just published annual reports of listed companies in 2005, and the final research sample is 1338 annual reports of companies.
It is understood that the report released by Zheng Rong Consulting yesterday is the first part of China Entrepreneur Value Report (2006), and the company will disclose other analysis reports based on the basic database one after another.
The core content of the report released yesterday is the ranking list of senior executives of listed companies in China (tradable shares and remuneration), which is divided into six sub-lists, specifically: the top 20 in the market value of the chairman's shareholding; The general manager's stock market value ranks in the top 20; The Secretary-General ranks in the top 20 according to the stock market value; The highest annual salary of executives of various companies ranks in the top 20; Rank of the highest annual salary of executives of various companies10; The highest allowance for independent directors of each company ranks in the top 20.
■ The new "champion" earned 6.5438+0.5 million more than the previous year.
The report compares the two highest-paid champions: last year's first champion "Shenzhen Development" was 6.02 million yuan, which was 6.5438+0.5 million yuan higher than the previous year's champion "Kelon Electric Appliances", with an increase of 34%.
According to the report, the highest annual salary of the top 20 listed companies without exception exceeds 6,543,800 yuan, and the 20th listed company also has 6,543,800 yuan (nearly 33% higher than the 20th listed company in 2004).
The report also believes that "compared with the labor intensity, responsibility and value created by executives, the average absolute value of the highest annual salary of executives in all listed companies is not too high (less than 300,000). Moreover, we must also see that in our statistical results, there are still 238 listed company executives whose highest annual salary is less than 6,543,800 yuan, accounting for 654.38+ 07.8% of the total sample. "
■ The chairman of Dongfang Group holds the largest stock market value.
According to the report, Zhang Hongwei, the chairman of Dongfang Group, once again ranked first in the market value of the chairman's shareholding with a price of1378,024 yuan. The number of the chairman's shareholding was the same as that of the previous year, and the market value decreased by 250,000 yuan.
Judging from the stock market value, the stock market value of the chairman of listed companies climbed for the third consecutive year, increasing by 3. 15% compared with the end of 2004, and the absolute value increased by 1 1347 yuan. At the end of 2004 and 2005, the market performance of "Shanghai Composite Index" was 1266 points and 1 16 1 point, respectively, down 8.29%. Therefore, relatively speaking, the market value of the chairman's shareholding is equivalent to an increase of 12.5%.
According to the report, this shows that the market value as the core human capital and strategic direction leader of the enterprise is steadily improving, and gradually presents the characteristics of marketization.
The data also shows that compared with 0 yuan (3806965438+), which had the highest stock market value by the chairman at the end of 2002, the absolute value decreased by 8,574 yuan, or 2.25%. However, at the end of 2002, the "Shanghai Composite Index" was 1357 points, and the stock index fell 14.44% in three years. Therefore, relatively speaking, excluding the stock market fluctuation factor, the market value of the chairman's shareholding has increased by more than 10%. ""
■ The average annual salary of executives is nearly 300,000.
According to the report, the average annual salary of listed companies in 2005 was close to 300,000 yuan, which reached 290,800 yuan after four years of climbing. Compared with 2004, it increased by 54,500, with an annual growth rate of 23%, showing the characteristics of accelerated improvement (the value in 2004 increased by 18.7% compared with 2003).
The report believes that the sharp increase in the average maximum annual salary of executives of listed companies is the highlight of this year's report.
Zheng Rong said when consulting relevant people to analyze the reasons: "We believe that the sharp increase in this figure is largely related to the requirement of the securities regulatory authorities to accurately disclose executive compensation. "
It is understood that in previous years, this study mostly took the middle value of the highest salary range. If the exact value of the actual highest salary is close to the upper limit of the range, the data of previous years will be underestimated due to disclosure methods and statistical methods.
Therefore, the policy changes of the regulatory authorities will enable the market to grasp the relevant business information of listed companies more accurately, which will be conducive to investors' judgment and securities supervision, thus ultimately improving the governance level of listed companies.
The report believes that this phenomenon also reflects that with the deepening of market economy reform and the sustained growth of macro-economy, the micro-level executive compensation of listed companies has also shown the characteristics of steady improvement.
■SDB independent directors also won the "champion"
Not only did SDB executives win the "champion", but its independent directors also ranked first in the "list of independent directors' allowances of various companies", with an amount of 727,600 yuan, which was much higher than that of China International Trade, which ranked second (the allowance for independent directors was 26 1.9 million yuan). In addition, the maximum allowance for independent directors of Baosteel is 250,000 yuan.
The allowance for independent directors of listed companies exceeded 40,000 yuan for the first time, showing a slight upward trend compared with the previous year, with an increase of 5.57%. It is understood that since 2002, the allowance for independent directors has increased steadily every year.
According to the report, due to the concern of the China Securities Regulatory Commission on the governance structure of listed companies in recent years and the increasing concern about the allowance for independent directors in China, the study on the allowance for independent directors will continue this year.
■ Managers and secretaries are vaguely marginalized.
While the market value of the chairman's shares keeps rising, at the end of 2005, the absolute value of the market value of the general manager's shares and the secretary of the board of directors' shares decreased for three consecutive years and four consecutive years respectively. The report believes that this phenomenon is reasonable, but it also shows a bad sign: the importance of the general manager and the secretary of the board of directors is weakening, and there are weak signs of marginalization.
In many listed companies, the chairman assumes the function of general manager, and the general manager is more like an assistant to the chairman or deputy general manager. The stock market value of the secretary of the board of directors is low, which is too different from that of the chairman and general manager, and does not reflect the value of corporate executives. The report emphasizes that "this phenomenon deserves high attention and vigilance from the market".
The report makes a concrete comparison of the data of this phenomenon: at the end of 2005, the market value of the chairman's stock was 1.68 times and 5.50 times that of the general manager and the secretary-general, respectively, showing that the proportion of the market value of the chairman, the general manager and the secretary-general was 100:60: 18, and in 2004 it was/kloc-0.
According to the data, Tan Shenzhen Technology Co., Ltd. won the general manager's shareholding market value championship with 57 1.22 million yuan.
■ The average monthly income is less than 9 10 yuan, which is questioned.
The report commented on *ST Hailong, who ranked last in the annual salary last year: "The last * ST Hailong with the highest annual salary is only10.09 million yuan, which means that the average monthly income of all paid executives in the company is less than 9 10 yuan, which makes people feel inexplicable!"
The list shows that the highest annual salary of executives in these companies is only 1 10,000 to 20,000 yuan. The report believes that this makes investors doubt the quality of information disclosure of listed companies and guess their gray income and job consumption, hoping to attract the attention and attention of regulatory authorities, markets and companies.
It is understood that compared with previous years, the income of the top ten employees has been greatly improved, and there is no situation in which the highest annual salary is less than 10,000 yuan as in previous years. On the one hand, most companies with lower executive pay have raised their pay levels. On the other hand, several companies with the lowest pay in the past have terminated their listing and withdrawn from the rankings.
*ST Hailong, mainly engaged in the processing and sales of graphite and carbon products, last year's earnings per share -0.7 yuan. Yesterday, the reporter tried to contact the company's executives. However, the reporter interviewed the director of Fangxing Technology, the second listed company on the list (the annual salary of the company's executives last year was 1.75438+0 million yuan).
Fangxing Technology earned -0.84 yuan per share last year and continued to lose money in the first quarter of this year. In the face of doubts, the company's secretary-general said that due to the rising prices of raw materials, the prices of major glass products have fallen, and enterprises are in a state of loss. It is this situation that leads to the low income of executives. There is no doubt that the total annual income of senior executives is 1.7 1 ten thousand yuan. "The income of ordinary employees in the company is more than 10,000 yuan."