CEO posts in healthcare dominated by family members

1 min read . Updated: 23 Apr 2018, 06:23 PM IST IiAS

In the healthcare sector, CEO pay as a multiple of employee pay is more than 100 times. Photo: iStockphoto

The healthcare sector is dominated by promoter family presencearound 74% of the CEO positions are being held by family members

The median CEO pay in the healthcare sector is aligned with that of S&P BSE 500 companies. However, in specific pockets, there are a few worrying trends—more than a fourth of the CEOs draw a remuneration of more than Rs10 crore; CEO pay as a multiple of employee pay is more than 100 times; and lack of gender pay equality.

Further, the sector is dominated by promoter family presence—around 33% of companies have four or more executive directors from the family on their boards and around 74% of the CEO positions are being held by family members.