PETALING JAYA: KPMG’s pioneer annual study this year on non-executive directors’ (NEDs) profile, practice and pay revealed that they were remunerated on average RM89,000 a year and that half of the NEDs’ package comprised fees with allowances, other emoluments and benefits-in-kind making up the balance.
The study was based on the review of the latest annual reports (financial years 2008 and 2009) of the 300 largest companies (by market capitalisation) on the main market and top 30 companies on the ACE market. The study took four months and was completed in July.
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