The Xero Limited (ASX: XRO) share price is up 1.5% to $39.69 at the time of writing after a month of falls throughout October.
Cloud accounting and business services provider, Xero, has asserted itself as a quality business in the last year, promising sustainable growth and even overhauling its executive compensation structure for FY19 to underline its priorities.
This move could have something to do with the share price resurgence.
Executive pay packet cuts are unheard of for the likes of those at the helm of Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB) or Woolworths Group Ltd (ASX: WOW) so it's certainly a progressive approach by Xero.
All eyes are on the emerging online accounting platform provider as subscriber numbers grow across the globe and demand for its offerings pick up.
