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.
Denne historien er fra December 18, 2024-utgaven av Business Standard.
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Denne historien er fra December 18, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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