So how do you get a job like that? I don't mind being their CEO, indeed I wouldn't mind just being a director - look what they get!
During the year ended 30 June 2010, the fees paid to non-executive directors were as follows:
*No more than one amount for membership of a Board Committee will be paid where a director is a member of more than one Committee.
- For the Chairman NZ$435,000;
- For each non-executive director NZ$145,000;
- For the chairman of each of the Audit and Risk Management Committee and Human Resources and Compensation Committee, and Nominations and Corporate Governance Committee (if a different person than the chairman of the board) NZ$30,000; and
- For each member of a board committee NZ$15,000 (excluding the chairman and those persons who chair a committee).*
- For the Telecom board representative appointed to the Independent Oversight Group NZ$30,000.
Unreal - $435K for being the chairman and attending meetings - gees, I could do that!! Obviously there is a catch
No superannuation was paid to any director for the financial year ended 30 June 2010.
Poor directors losing a perk there!
So exactly how do you become a director - does anyone 'ordinary' actually know?
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