Directors' pay rises 50% in the UK

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  1. #1

    Join Date
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    Directors' pay rises 50% in the UK


  2. #2

    Join Date
    Oct 2006
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    Same (or similar) headline happens every year.

    Justification? They can get paid whatever they want to get paid.


  3. #3

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    Justifications for Board directors pay is partly based on risk. Directors take a heap of risk by being a Director (the Corporations Act in Australia, for example, is widely used to prosecute and fine or imprison directors for the actions of their companies and the UK is about the same). The risks Directors are taking are rising very rapidly over the last few years, because the various legislations that they can be prosecuted under has vastly proliferated. Without being paid for taking this risk you'd have no directors.

    On the other hand, I've looked at various Director salary surveys (more for Australia than the UK, to be fair) and the kinds of money you can expect for a listed company there is nothing like the millions being quoted in the article.

    I get the impression that the article is probably confusing "executives" with "directors". And my answer is aimed solely at the latter category.