Compensation paid by companies to independent director continues to rise

Quick Summary:

According to regulations of the Securities and Exchange Board of India, sitting fees will not exceed Rs 1 lakh per meeting of the board or committee.

According to rough estimates, a typical company paid a sitting fee of around Rs 63,500 per meeting in FY24.

In comparison, the number of companies with a ratio of less than 100 declined to 16 in FY24 from 20 in FY21 and 21 in FY23.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Sebi norms Corporate Governance Independent directors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 22:25:40 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24513748

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 299 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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