We Discuss Whether ING Bank Slaski S.A.'s (WSE:ING) CEO Is Due For A Pay Rise

Key Insights

• ING Bank Slaski to hold its Annual General Meeting on 11th of April
• Salary of zł2.85m is part of CEO Brunon Bartkiewicz's total remuneration
• The total compensation is 71% less than the average for the industry
• ING Bank Slaski's total shareholder return over the past three years was 96% while its EPS grew by 49% over the past three years

Shareholders will be pleased by the impressive results for ING Bank Slaski S.A. (WSE:ING) recently and CEO Brunon Bartkiewicz has played a key role. At the upcoming AGM on 11th of April, they will get a chance to hear the board review the company results, discuss future strategy and cast their vote on any resolutions such as executive remuneration. Here we will show why we think CEO compensation is appropriate and discuss the case for a pay rise.

View our latest analysis for ING Bank Slaski

How Does Total Compensation For Brunon Bartkiewicz Compare With Other Companies In The Industry?

Our data indicates that ING Bank Slaski S.A. has a market capitalization of zł44b, and total annual CEO compensation was reported as zł3.4m for the year to December 2023. That's just a smallish increase of 6.2% on last year. In particular, the salary of zł2.85m, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the Polish Banks industry with market capitalizations above zł32b, reported a median total CEO compensation of zł11m. Accordingly, ING Bank Slaski pays its CEO under the industry median.

Component	2023	2022	Proportion (2023)
Salary	zł2.8m	zł2.7m	85%
Other	zł514k	zł480k	15%
Total Compensation	zł3.4m	zł3.2m	100%

On an industry level, around 63% of total compensation represents salary and 37% is other remuneration. ING Bank Slaski is paying a higher share of its remuneration through a salary in comparison to the overall industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

ING Bank Slaski S.A.'s Growth

ING Bank Slaski S.A. has seen its earnings per share (EPS) increase by 49% a year over the past three years. Its revenue is up 51% over the last year.

Shareholders would be glad to know that the company has improved itself over the last few years. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has ING Bank Slaski S.A. Been A Good Investment?

Most shareholders would probably be pleased with ING Bank Slaski S.A. for providing a total return of 96% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. That's why we did some digging and identified 1 warning sign for ING Bank Slaski that you should be aware of before investing.

Switching gears from ING Bank Slaski, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.