Sanjiv Mehta, chairman and managing director of Hindustan Unilever, the country s largest consumer goods company, saw his annual remuneration fall by 20.9 per cent to Rs 15.36 crore in the financial year ended March 31, 2021 (FY21).
Remuneration includes salary and allowances, bonus, perquisites, and contribution to provident fund and pension fund, according to the company s latest annual report. Details regarding stock option payouts to key executives were not given in the annual report.
Human resources experts said Covid-related challenges were among key reasons for the drop in Mehta s remuneration. In his statement to shareholders, Mehta said the pandemic had a significant impact on lives, livelihoods, and business.