Equity Culture

Tel: +44 (0)7956 691 104

  • Home
  • About Us
  • Board Evaluations
  • Regulatory Compliance
  • Clients and Case-Studies
  • Noticeboard
  • Blog
  • Contact Us

NED fees for workforce engagement activities

27th May 2020 6 Comments

A FTSE250 Company Secretary writes...

For those companies that have decided to designate a NED for colleague engagement, have you decided to pay a fee, and if so at what level?  I am inclined to pay our “going rate” for chairing a committee or being SID – but it would help to know what others are doing please.

Leave a Reply Cancel reply

Only your comment and indication of company type will be published

Comments

  1. FTSE SMALL CAP said

    27th May 2020 at 6:31 pm

    We have not adjusted the fee at this point. Our nominated NED is already a chair of a Committee and receives our standard committee chair fee on top of the basic fee. We intend to review the position in the light of developing time commitments and against market trends in the coming year(s).

    • FTSE100 said

      27th May 2020 at 5:35 pm

      We are paying the same fee as for a committee chair.

      • FTSE100 said

        27th May 2020 at 3:02 pm

        That is exactly the approach we take, i.e. paying the same as chairing a committee or the SID appointment.

        • FTSE250 said

          27th May 2020 at 12:07 pm

          Thus far we have not added to the base NED fee and have adopted a ‘wait and see’ approach to gauge how much extra work the role entails before deciding on any additional fee.

          • FTSE SMALL CAP said

            27th May 2020 at 11:38 am

            Our board has thought about this, but has decided not to pay an extra fee to the designated NED, because:

            1. The designated NED is also the chair of the remuneration committee and receives an extra fee for chairing this committee (and we see the employee engagement brief as an adjunct to the whole “remuneration” responsibility)
            2. TBH, the engagement activity (as distinct from the NED’s other duties) involves minimal extra time

            • FTSE250 said

              27th May 2020 at 11:19 am

              We decided to use 50% of a committee chair fee on top of the basic NED fees.

              Sections

              • Home
              • About Us
              • Board Evaluations
              • Regulatory Compliance
              • Clients and Case-Studies
              • Noticeboard
              • Blog
              • Contact Us

              Recent Notices

              • How often does your Board meet?

                How often does your Board meet?

                29th April 2025
              • Know Your Customer & Ultimate Beneficial Owner requests

                Know Your Customer & Ultimate Beneficial Owner requests

                28th March 2025
              • The Market Abuse Regulations (MAR) & Insider Dealing training

                The Market Abuse Regulations (MAR) & Insider Dealing training

                28th March 2025
              • Reviewing and updating our Board skills matrix

                Reviewing and updating our Board skills matrix

                24th February 2025
              • Do any companies pay to access their Glass Lewis report?

                Do any companies pay to access their Glass Lewis report?

                11th February 2025

              Contact EquityCulture

              Address:

              89 Kesteven Way,
              Corby,
              Northamptonshire
              NN18 8GF

              Registered in England and Wales No. 06008649.

              • Blog
              • UK Board Evaluations
              • UK Corporate Governance

              © 2025 EquityCulture | Site Designed & Built by Midland Tech