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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Xero makes a special alteration to rival's billboard
- Snowball appoints head of growth capital
- Xero wins plaudits for artificial intelligence product suite with revenue potential
- Immigration watchdog says unemployed Kiwis failing to step up in jobs market
- Biz Dojo expands its Wellington presence; eyes offshore
Most listened to
- Business leaders on Budget 2017: Failure to set up any significant public-private partnerships for infrastructure is "really disappointing," says Paul Glass
- Serko’s Darrin Grafton says the company can use its SME platform to expand globally
- Trump travels overseas selling jobs as North Korea continues to lash out, on Trump’s Beltway with Nathan Smith
- Nick Shewring says co-working attracts "awesome people doing cool things"
- NBR Radio: best of the week ended May 19, with Grant Walker