Non-executive directors at British companies are still enjoying tidy pay rises, but the rate of increase has leveled off and directors are expected to work harder for their money, according to a study by PricewaterhouseCoopers.
The percentage growth in non-executive pay slowed again last year, and companies expect their non-execs to work longer hours and to show that their efforts make a difference, the study found.
Pay rose by 25 percent in 2005 as companies adapted to the Sarbanes-Oxley Act and the Higgs Report, which reviewed the role and effectiveness of non-execs. But in 2006 pay was up by only 16.7 percent, ...