Board director fees rose 3.8% on average in 2012, according to new analysis of the latest company disclosures by remuneration experts Guerdon Associates.
That’s less than they rose in 2011 (5.1%), and far lower than the rise in CEO pay for 2012 (7.7% on average).
It takes the average fee paid to an ASX300 director to $154,000, which includes cash payments, superannuation and share-based payments.
Guerdon’s data surveyed what was paid to 762 directors and chairmen in the ASX300 who had been in their roles for the past two financial years.
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The largest increases were in energy and telco and IT companies (5.2% on average), while directors in healthcare and utilities companies barely got a raise at all.