euros) and South Africa (399,400 euros).
"International comparisons of executive compensation must always be regarded with a certain amount of caution," Pramboeck said.
"China, for example, is a huge country with a great variety of compensation levels. Salaries in Shanghai, Hong Kong, or Guangzhou have reached similar levels to Western Europe, while many other regions have substantially lower compensation levels," he added.
The global survey was conducted among 1,700 executives in 330 companies in 17 countries.