DIRECTORS’ REMUNERATION
In the wake of several corporate failures, excessive and disproportionately large payments to directors have almost become a scandal. It has also become one of the most visible and politically sensitive issues of corporate governance.
As usual, there are divergent views on the subject. Some experts on the subject are of the view that directors are generally underpaid for their work and the onerous responsibilities they shoulder. They argue that ‘constructive boards are responsible for untold millons going to the bottomline. The value of a single idea of strategic succession planning, of risk avoidance, and the value one mistake prevented is incalculable’.15
On the other hand, critics argue about the hefty fees directors ...
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