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19-Aug-08 11:30 [Pay and Reward]
Non-exec pay rises 'slow again' A study published yesterday showed that pay rises for non-executive directors have "slowed again", it has emerged.
The Financial Times reported that in the wake of the current economic climate, employers are demanding more from higher members of their team for the wage they receive.
Speaking to the news provider, Sean O'Hare of PricewaterhouseCoopers (PwC), the company which conducted the survey, noted that shareholders were becoming more inclined to question the pay and performance of directors.
He said: "The rate of fee increase is levelling off as non-executive directors and the boards that employ them are working harder to balance fees with responsibilities that come with the role."
It was also reported that fees this year rose by 15.6 per cent, down from 16.7 per cent in 2006-07 and 25 per cent in 2005-06.
Last week, it was reported that the Liberal Democrats had demanded the sacking of PwC after their role as auditor during the time of the Northern Rock crisis was highlighted.
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