NZ Directors fees lag Australian counterparts

A new survey is showing a healthy increase in directors fees over the past year, but they still continue to lag well behind those paid across in Australia.

The report by Sheffield consultants found base fees rose 16 percent, lifting the median pay to just under $28,000.

That is still up to 150 percent less than Australian directors in similar-sized companies, who also get share options and superannuation benefits.

Sheffield consultant, Sherry Maier says senior management pay is fairly close between the two countries, making it difficult to understand why there is such a huge gap at the board level. She says New Zealand firms may suffer because of it.

Ms Maier says more New Zealand companies are seeking offshore directors to get the skills they need to run the company and are paying top dollar for them.

(C)NewsRoom.co.nz

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