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Augustine Avuru is the managing director one of Nigeria’s leading crude oil exploration companies, Seplat Petroleum Development Corporation Plc. A firm he co-founded and is currently listed on both the London Stock Exchange and the Nigerian Stock Exchange. As expected, being at the helm of affairs of such a big corporation has availed him compensation totalling ₦483 million per annum a meager increase from ₦476 million earned in 2017
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Fortunes of most Chief Executive Officers (CEOs) often rise and fall with the companies’ performance. In a bid to ensure that value is delivered to the organization, and shareholders, the board uses compensation contracts to align executives’ actions with company success.
Analysis of 2018 financial results of listed companies shows that CEOs in oil & gas industry led the list of top earners.
Public listed companies typically disclose the highest paid directors in the annual report, which mostly represents the emoluments paid to MD/CEOs.
Top on the list of executive compensation is Wale Tinubu CEO Oando Plc who earned a total of ₦568 million per annum in 2018 representing a 67 percent increase in his executive compensation compared to the previous year.
Analysis of 2018 financial results of listed companies shows that CEOs in oil & gas industry led the list of top earners.
Public listed companies typically disclose the highest paid directors in the annual report, which mostly represents the emoluments paid to MD/CEOs.
Top on the list of executive compensation is Wale Tinubu CEO Oando Plc who earned a total of ₦568 million per annum in 2018 representing a 67 percent increase in his executive compensation compared to the previous year.
Augustine Avuru is the managing director one of Nigeria’s leading crude oil exploration companies, Seplat Petroleum Development Corporation Plc. A firm he co-founded and is currently listed on both the London Stock Exchange and the Nigerian Stock Exchange. As expected, being at the helm of affairs of such a big corporation has availed him compensation totalling ₦483 million per annum a meager increase from ₦476 million earned in 2017
Source
. ... CRITIC ALSO 🖋️ 📜 🗺️ 😂 ... spill TEA ☕ Easy on Shade 💣 🖋️ 📜 COMMENT BELOW
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