More directors paid Rs 1 lakh per board meeting than before pandemic

Number of board meetings have also gone up post pandemic according to Excellence Enablers' Survey on Corporate Governance

A larger number of companies are paying directors sitting-fees of Rs 1 lakh, the highest permitted under the rules, per board meeting than was the case before the pandemic.
 

The share of Nifty 100 companies that pay their directors Rs 1 lakh per board meeting has risen from 37.1 per cent in 2018-19 to 41.4 per cent in 2021-22, according to an analysis of data from the Excellence Enablers’ Survey on Corporate Governance (3rd edition).
 

The report is an initiative by former Securities and Exchange Board of India chairman M Damodaran and chairperson of Excellence Enablers.
 

Damodaran said: “Directors are