Nifty 50 Non-Executive and Independent Directors Received an Average Sitting Fee of Rs 60 Lakh
Highlights
The Nifty 50 group of companies paid an average sitting fee of INR 60 Lakh to non-executive directors.The profit-linked commission received by non-executive directors was even higher.UltraTech Cements topped the list with a payout of INR 21.25 Crore to its non-executive directors.Companies like Dr Reddy’s, Infosys, Bharti Infratel etc. do not pay sitting fees but pay a commission based on profits earned.
The Nifty 50 group of companies paid an average sitting fee of INR 60 Lakh to non-executive directors, including the independent directors during FY 2017-18 (Ranging from a cumulative payout of INR 11 lakh to INR 195 lakh). Profit-linked commission received by non-executive directors was even higher. The average commission paid by Nifty 50 was estimated INR 505 Lakh (Rang...