Major survey results pose question "Is Good Governance Less Valued in New Zealand than Australia?"
For like-size businesses, Australia pays its Non-Executive Directors (NEDs) and Chairs almost twice the level of their New Zealand counterparts - and the gap with Australian Chairs is widening.
The inaugural Sheffield Ltd Director Remuneration Survey 2005 - a major new survey on director remuneration and attitudes - reveals that annual base fees for New Zealand company directors rose a median of 20.5% in the past year. This is an increase that begins to narrow the traditional pay gaps with Australian companies.
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