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Directors' fees fall, public and private sector gap widens - survey

Photo: 123RF
The survey by business consultants Strategic Pay showed a 2.4 percent fall in the median fee for non-executive directors, which was put down to a tough and unusual 2020 largely because of the pandemic.
The chairs of organisations suffered a bigger fall, 6.3 percent, while the private sector pay rates were significantly ahead of the public sector.
Strategic Pay managing director Cathy Hendry said the fall in fees had no doubt been caused by organisations looking to cut costs as much as possible during the pandemic, even as the workload had increased.
She doubted the fall in directors fees would last. ....

New Zealand , Cathy Hendry , Strategic Pay , Radio New Zealand , Ublic Radio , Urrent Affairs , புதியது ஜீலாந்து , மூலோபாய செலுத்த , வானொலி புதியது ஜீலாந்து ,

Directors' fees fall, public and private sector gap widens

Directors' fees fall, public and private sector gap widens
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New Zealand , Cathy Hendry , Strategic Pay , புதியது ஜீலாந்து , மூலோபாய செலுத்த ,

Covid 19 coronavirus: New Zealand directors fees drop for first time in a decade

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. ....

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Covid-19 coronavirus: The state sector bosses who ignored Jacinda Ardern's pay cut plea

Covid-19 coronavirus: The state sector bosses who ignored Jacinda Ardern s pay cut plea
5 Feb, 2021 04:00 PM
10 minutes to read
Prime Minister Jacinda Ardern announced last April during the Covid lockdown she and her ministers would take 20 per cent pay cuts for six months. Photo / Mark Mitchell
Ben Leahy is a reporter for the New Zealand HeraldBen.Leahy@nzherald.co.nz
One in five public sector bosses ignored the Prime Minister s example and declined to take a Covid pay cut, opting instead to continue pocketing their full six-figure salaries.
Those who did not follow Jacinda Ardern s
lead included judges earning more than $400,000 and chief executives with annual wages as high as $500,000. ....

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