ING Seeks to Boost CEO Pay After Finding Widening Gap With Peers

ING Groep NV supervisory board has proposed boosting its chief executive’s base pay by as much as 7% a year in a bid to partly bridge the gap with rivals and to help the lender attract talent.

The largest Dutch bank said a review found that pay for its executive board was “well below the market level and that the gap has widened in recent years,” according to its latest annual report.

As part of a new remuneration framework, it aims to raise its executive board pay, but will still keep it “slightly below” the market median of its peer ...