The pay non-executive directors in Britain has increased by more than 20 per cent over the past 18 months as more intense investor scrutiny, corporate governance responsibilities and bigger workloads make the job a more onerous one.
Figures from Incomes Data Services (IDS) show that the average pay of a FTSE 100 non-executive director has risen to some £42,000 a year, with FTSE 100 non-executive chairmen earning almost £250,000, a rise of almost 25 per cent.
Rewards at FTSE 250 companies is rather lower, averaging £30,000 for non-executive directors and £117,500 for non-exec chairmen.
The figures also revealed huge variations in pay, with Vodafone offering £95,000 for non-exec directors while Eurotunnel offered a mere £5,000.
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