THE WHAT? Natura &Co is looking to cut executive pay by 32 percent as part of a company overhaul that aims to increase investor trust, according to Bloomberg. 

THE DETAILS According to a regulatory filing, the Brazilian beauty giant’s board suggested setting Senior Manager pay at approximately 78 million reais (US$15 million) for the 12 months starting in May.

This is down from the 115 million reais the prior year.

THE WHY? The remuneration reduction plan follows the unveiling of a corporate reorganization announced last year, with Natura &Co struggling with inflation and supply-chain problems, which affected the company’s Q4 net loss. 

The company is also considering options such as the sale of hero brand AESOP as well as shrinking its board.