The Nairobi Securities Exchange (NSE) Chief Executive Officer earned a monthly pay of Sh. 1.3 million equaling a total of Sh. 16.5 million in the 2017 financial year.
“The chief executive is the only executive director on the board and the company has in place a remuneration policy which is aimed at ensuring compensation is competitive and aligned to the company’s strategic objectives,” NSE said in its latest annual report which disclosed the executive’s remuneration.There were no substantial changes to the Director’s remuneration policy during the year 2017.”
Mr Odundo is entitled to a monthly salary and an annual bonus based on the performance of the company, his individual performance and general inflation considerations, the company said.
NSE also contributes to his pension and provides him with a car.
The bourse has one of the simplest compensation structures among publicly traded firms.
