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independent directors: India's top independent directors see a surge in compensation, with 151 in the crore-plus club in FY23

In the financial year 2023, India witnessed a notable increase in the compensation of independent directors, with 151 individuals joining the crore-plus pay club compared to 67 in FY18. The data, based on Nifty-500 companies, revealed that the ten highest-paid independent directors earned between Rs 3.21 crore and Rs 6.74 crore.
India General Kiran Mazumdar Shaw Adil Zainulbhai Shikha Sharma Prakash Bhatt Hanne Birgitte Breinbjerg Sorensen

Independent directors: Independent directors' pay more than doubles in 5 years

The median compensation for independent directors at at Indias top blue-chip companies has more than doubled to ₹72 lakh in FY23, from ₹35.5 lakh five years ago, an analysis of Nifty 50 companies by specialised executive compensation advisory firm, Exec-Rem Advisors shared with ET has revealed.
Uttar Pradesh Anubhav Gupta Offering College Indian School Of Business Equity Program Exec Rem Advisors

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