Kongsberg board stands its ground: Again rejects government guidelines for executive pay

The government asked for new tones on executive pay, but only received a small concession. “I am doing what is right for the Kongsberg Group and the shareholder community,” says the chairman.

After the publication of an XP report on executive compensation of listed companies, several companies mentioned contacted the Brazil Journal questioning the study numbers. Hapvida, which appears in the report as the third company with the highest compensation last year, said that the number presented by XP is “more fictitious than real.” CFO Luccas Adib said that the real compensation number for 2024 is about half of the amount presented in the…