India Inc has dramatically scaled up its remuneration to independent directors (IDs). Prime Database lists 5,000 potential IDs, but only a handful seemingly fit the bill, reports Nitin Shrivastava in Mumbai.
This has led to 24 such directors earning more than R 1 crore in FY14. TCS pays the most, at R1.2 crore a year per independent director.
Also Read
Shraddha Kapoor on money, sex and Rs 100 crore club
World’s fastest bowler: Morne Morkel at a humongous 173.9 kmph at IPL 2013, but Hawk-Eye was not looking
Chef turned woman into ?200-a-night prostitute
India now world’s 3rd largest economy, behind just US, China