Independent directors’ pay more than doubles in 5 years

Independent directors’ pay more than doubles in 5 years

The pay of independent directors has increased significantly over the past five years, according to a recent study. Independent directors play a crucial role in corporate governance, providing an independent and objective perspective. Their increased compensation reflects the growing importance and accountability placed on this role. The study found that the average remuneration for independent directors has more than doubled, with some earning significantly higher amounts. This raises questions about boardroom remuneration and whether it is justified based on the value and expertise these directors bring to the table. The findings also highlight the need for transparency and governance in setting director pay.

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