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NED

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › NED

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • April 16, 2018 at 4:40 pm #447474
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir

    1) Does NED accept a fixed fee?
    2) NED does not demand fixed term contract?

    April 16, 2018 at 7:55 pm #447542
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    1 A fixed fee per year or per meeting. In particular, the remuneration should not depend on company performance.

    2 NEDs should be apointed for specified periods (subject to statutory provisions for the relection or removal of any director eg by members’ votes). Any period of over 6 years should be subject to rigourous review.

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