Thursday, October 13, 2005

Non-execs working harder, but paid more


Pay levels for non-executive directors are rising faster than for executives, against a backdrop of increasing workload and fear of financial scandal among big corporates, a new study has found.

But the survey by KPMG is likely to further fuel the debate about non-exec fat cattery.

Excluding chairmen, the average non-executive board member in the FTSE 100 was paid �48,000 last year, an increase of 13 per cent, said KPMG.

That was almost double the 7 per cent hike in basic pay received by executive directors, a reflection according to KPMG of the increased 'responsibility and risk' that non-execs had taken on.

See full Article.