If Xero chairman David Thodey’s hopes of winning shareholder support for a new pay deal for his chief executive, Sukhinder Singh Cassidy, weren’t dashed on Monday when Singh Cassidy sold every last share she owned in the company, then the release of the latest data on chief executive pay across the ASX 200 might seal the deal.The annual review of pay by the Australian Council of Superannuation Investors and proxy advice firm Ownership Matters underscores how the unique Australian system – built on very active scrutiny of remuneration by superannuation funds, and annual non-binding votes on pay – has done a pretty good job of matching pay to performance.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles