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What does the aggregated reporting of senior officer compensation mean?

April 26, 2017aggregated compensation mean officer Senior

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What does the aggregated reporting of senior officer compensation mean?

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Each institution must disclose in the annual report the total compensation received by all employees identified as senior officers. The compensation is reported as one lump sum amount, not by individual, except for the Chief Executive Officer (CEO). The CEO compensation is separate from the lump sum aggregated amount and is disclosed as a separate item in the annual report. The lump sum amount also includes any officer, not defined as a senior officer, receiving one of the five highest salaries of the institution.