Independent director pay continues to rise
Business Standard|December 18, 2024
Steady growth in the number of companies paying a sitting fee of ₹100,000 or more per board meet
KRISHNA KANT

Compensation paid by companies to their directors has become cause célèbre because boards are getting larger, with more independent directors (IDs) and non-executive directors (NEDs).

According to the 2024 edition of Excellence Enablers' Survey on Corporate Governance, there has been a steady rise in the number of companies paying ₹1 lakh or more per board meeting.

However, those paying ₹50,000 or less number the highest, says the survey. In FY24, 29 companies from the Nifty 100 paid a sitting fee of ₹1 lakh or more for each board meeting, up from 21 in FY21 and 26 in FY23.

In comparison, 36 paid ₹50,000 or less in FY24, down from 42 in FY21 and 40 in FY23.

هذه القصة مأخوذة من طبعة December 18, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 18, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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