Increases to the salaries of company directors in Australia are a result of the new corporate governance regime, according to executive and board remuneration consulting firm, Guerdon Associates.
During the past year, the total remuneration of non-executive chairmen increased by 15 per cent to a median of $226,002 and non-executive directors received total pay increases of 23 per cent to a median of $102,500, according to recent figures released by GuerdonData.
Michael Robinson, a spokesman for Guerdon Associates, says the rises are a result of increased workloads since directors are putting in more hours to cope with the demands of corporate governance changes under CLERP 9 and investor focus on governance issues.
See full CPA Australia Article and Guerin Associates Article.
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