NEDs receive "inflation busting pay increases"
The average basic fee for non-executive directors (NEDs) in the FTSE-100 has risen by 5.1% over the last year to £58,595, according to Incomes Data Services (IDS).
IDS said that the non-executive chairmen of FTSE-100 companies received average pay increases of 6.7% boosting their average fees to £334,463.
"The rises are the latest in a line of inflation busting pay increases for NEDs. The 5.1% average basic pay rises for NEDs was more than double the going rate of inflation during the period," the company added.
Nasreen Rahman, principal researcher of executive compensation review at IDS, said: “These pay rises come in a year when many workers have had
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