The work Directors carry out for committees is continuing to have a marked impact on Director remuneration, as the time commitment required when tackling specialist Board issues is recognised.
Fees for participation on remuneration committees have risen significantly over the last few years, with levels almost reaching those paid for participation in the audit committee. Given the central function of the audit committee, the fee increase underlines the current level of scrutiny on the remuneration of key management personnel.
Committee fee data and further insights can be found in Egan Associates’ newly released KMP Report examining Director and Chairman fees on top Australian and New Zealand Boards.
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