Friday, January 28, 2005

Peanut Watch


Peanut Watch
Originally uploaded by governancefocus.
Another case of a Company trying to comply with good corporate governance practices....on the cheap.

The Postal Services Commission is looking for a Member, which is an independant non-executive.

They are suggesting 3-4 days per month and paying £20,000 per annum, that is, £417-£556 per day!

What is that saying about paying peanuts and getting......?

Related links:
What is the right price for a Non-Executive Director?
EU - Directors' remuneration
Higgs fuels non-executive director pay rises
Higgs opens boardroom door for non-exec accountants
UK non-executive fees take off