Independent director remuneration – how much should you pay?
- Posted by: Simon
- Category: Governance, Owner Managers, Privately Owned Businesses
Director remuneration can be a step in to the unknown, especially for boards embarking on independent governance for the first time. Directors are primarily paid for their insights and knowledge, rather than the number of hours contributed. This can require a change of mindset for business owners. Directors also need to be rewarded for the