Regulatory and pay convergence across Europe continues and becomes visible in the increasing presence of similar regulations and an ever closer alignment between pay and firm size by sector rather than by country.

The countries are facing say-on-pay regulations, the existence of pay caps, as well as the upcoming introduction of the new European Shareholder Rights Directive.

While our pay trend analysis indicates that total pay remains largely stable, this does not exclude significant short-term incentive (STI) changes in some of Europe’s largest economies.

Our 2015 report – the third we have published – summarises key pay trends, recent corporate governance developments and an analysis of CEO remuneration levels, incentive design practices and emerging remuneration trends in the Eurotop 100.