Independent directors’ pay in Nifty 50 firms doubles to Rs 87.4 lakh in 5 years

Independent directors at India's Nifty-50 companies saw their median compensation more than double over the last five years, with a significant jump to Rs 87.4 lakh in FY24. The rise has been driven by increased responsibilities and complexities in their roles, requiring substantial time commitment and effort. Companies have raised commissions to reflect these demands.
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