Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


2014 REM survey

26 August 2014

Media release

Directors’ fees - growth again after quiet years

The Institute of Directors 2014 Directors’ Fees Report shows directors’ fees have risen this year after several years of little change.

Institute of Directors Chief Executive Dr William Whittaker said the increase in director fees could be attributed to several things.
“It’s partly a correction after a few years where fees have been flat or increased slightly. But it’s also a reflection of the improved economy where companies are in a better position to increase payments. There’s also an element of greater awareness of the importance of the role of directors and chairmen and recognition that the roles carry an increasing level of personal risk.”

The 2014 survey, carried out in conjunction with dsd Consulting, included 1,262 organisations and 1,883 directorships making it the IoD’s largest ever fees survey. It highlighted a number of interesting trends.
The median fee for a non-executive director increased from $36,000 to $40,000, while the median fee for a non-executive chairman increased from $50,000 to $51,000.

Dr Whittaker said a pleasing aspect of the survey was the increased representation of women both in numbers and in remuneration. In 2014, 23.9% of the survey sample were women up from 19.9% in 2013, while the gap between male and female directors fees was also closing.

The median for male non-executive directors increased by $2,800 in 2014, while for females the rise was $10,500. Female non-executive chairman had also recorded a larger median increase than males.

“The survey shows pay disparity between male and females directors and chairmen is closing, which I believe is mainly due to the increased numbers of women being appointed as directors and chairmen in more private company boards”, Dr Whittaker said.

The disparity between New Zealand and overseas owned companies also increased. The median fee for a non-executive director for New Zealand owned firms rose from $27,000 in 2013 to $36,000 in 2014, while the median for overseas owned firms more than doubled, rising from $40,000 in 2013 to $85,000 in 2014.

Directors at all levels continued to volunteer their time and expertise for free, with 50.9% of directors surveyed having one or more unpaid directorships, up from 44.7% in 2013.

Attached is information about the 2014 director’s fees report, including a snapshot of some of the key findings. The survey covered 1,262 organisations and 1,883 directorships making it our largest fees survey:



© Scoop Media

Business Headlines | Sci-Tech Headlines


Hepatitis A Link: Increased Surveillance Of Imported Frozen Berries

The Ministry for Primary Industries (MPI) Director General has issued a statement warning of a potential risk associated with imported frozen berries following four human cases of Hepatitis A thought to be linked to packaged imported frozen berries. More>>


Shocking Dairy Footage: MPI Failing Our Animals And Damaging Our Reputation

Greens “Nathan Guy needs to urgently look into how his ministry is enforcing animal welfare standards, how these appalling incidents happened under its watch and what it’s going to do prevent similar incidents happening again in the future." More>>


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news