Sancus Lending Group Limited will hold its Annual General Meeting (AGM) on August 16th, where shareholders will have the opportunity to review and discuss key aspects of the company's performance and executive compensation. CEO Rory Jonathan Mepham's compensation will be a focal point of this discussion.
For the fiscal year ending December 2023, Mepham received a total annual compensation of £231,000, including a salary of £220,000. This figure is consistent with the previous year and represents a significant portion of the overall pay package.
In comparison to other companies within the British Diversified Financial sector with market capitalizations under £157 million, the median total CEO compensation is £485,000. This comparison indicates that Mepham's compensation is substantially below the industry average, being 52% lower.
The compensation structure at Sancus Lending Group (LSE: LEND) is notably weighted towards salary, with approximately 95% of the total remuneration being fixed salary. This contrasts with the industry norm, where around 53% of total compensation is typically allocated to salary and 47% to other forms of remuneration, such as performance bonuses.
Over the past three years, the company's earnings per share (EPS) have increased by 20%. However, the total return to shareholders during this period has been a decline of 86%. Shareholders may be interested in how the CEO plans to address this performance disparity and improve the company's standing.
The AGM provides a platform for shareholders to influence the company's future direction and executive pay structure. Aligning executive remuneration with shareholder interests is often seen as a strategy to enhance long-term company performance.