News
David Woods, 19 Aug 2008
Non-executive directors received lower pay rises (15.6%) last year than in previous years. The increase for chairmen was 25%.
According to a report from PricewaterhouseCoopers, this is because fees have become increasingly aligned with the scope and responsibilities of the role.
Sean O'Hare, partner at PricewaterhouseCoopers, said: "The rate of fee increases is levelling off as non-executive directors and the boards that employ [them] are working harder to balance fees with the responsibilities that come with the role."
Formal reviews are also becoming more common, with 84% of employers conducting annual performance reviews of their board.
0 comments on this article |
Latest Issue - February 2012
If the UK were a company, what should its people policy be? Here are some strategic HR approaches to help CEO David Cameron and his board identify UK...
A & D Media © Copyright 2011, All Rights Reserved
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.