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.
بالفعل مشترك ? تسجيل الدخول
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.
بالفعل مشترك? تسجيل الدخول

India must prepare for greater responsibilities
NITI Aayog's Suman Bery urges India Inc to invest and calls for MSME growth

OMC, paint, aviation stocks rise as oil falls
Oil-marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel.

Europe's Powerful Tool Against Russia
If European leaders want to follow through on their statements in support of Ukraine, they must seize the moment by seizing Russia's assets

Tuning into silence
The beauty of words lies not in the meaning that they convey to things around and emotions within, but in their capacity to lift human consciousness into moments of such luminous clarity that the ordinary appears sublime.

Stock price moves unrelated to taxation
Economic Affairs Secretary Ajay Seth on Thursday sought to dismiss the notion that the downturn in India's stock market and the exodus of foreign investors is linked to the country's long-term capital gains tax regime, and asserted that stock price movements are driven by various global factors.

India Sees Bigger Share in US Electronics Market
Tariff shifts, bilateral trade agreement talks could open the door for Indian exporters in key sectors

RBI's liquidity moves aim to ease rate transmission
Experts say the latest steps may prod banks to lower deposit rates

EU Leaders Hold Talks on Defence and Ukraine Aid
Facing the prospect that the US might cut them adrift under President Donald Trump, European Union leaders launched a day of emergency talks Thursday in a bid to beef up their own security and ensure that Ukraine will still be properly protected.

Tesla's India entry comes amid speed bumps
As Tesla prepares for its India debut, the global electric vehicle giant is facing speed bumps in many countries amid plummeting sales and a growing backlash against its chief executive officer, Elon Musk, due to his political views and actions.

IndiGo world's 2nd fastest-growing airline in seat capacity
At 10.1% growth in 2024, it is only behind Qatar Airways, which grew 10.4%: OAG