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Covid 19 coronavirus: New Zealand directors fees drop for first time in a decade
26 Apr, 2021 05:00 PM
5 minutes to read
Covid-19 had an impact on directors fees in 2020. Photo / 123RF
The economic impact of Covid-19 has hit the boardroom, with directors fees falling for the first time in nearly a decade, a Strategic Pay survey finds. Data spanning both private and public sector organisations revealed a 2.4 per cent decrease in median fee levels for non-executive directors – a result of a reduction in fees experienced by some, and a lack of movement for many others - reflecting a tough and unusual 2020 , Strategic Pay said.