2023 National Non-Executive Directors Fees and Practices Survey

Board meetings are held on a quarterly basis. Directors are paid their board fees quarterly. All participating organizations pay a retainer fee to their directors except for one organization. Male directors make up 72 percent of board members. The majority of directors are over the age of 55. It is common practice that board members meet and are paid quarterly. Most companies pay sitting allowances and retainer fees to their NEDs, while a few companies either pay sitting allowances or retainer fees only. None of the participating companies give fuel allocation or cell phone allowances to their NEDs.