Director compensation to go through the roof

Director compensation to go through the roof

If the FCA’s remuneration estimate is correct and an independent director were to take on say 15 board appointments for an average compensation of £32,500 their annual earnings would be £487,500 (or $634,000). And many will be getting well in excess of £500,000, based on the FCA’s estimates.

This level of remuneration would be attractive to many, if not most, of those that currently act as offshore fund directors. With proven track records as fund directors what would there be to stop them upping sticks and moving (back in many cases) to the UK? A lot of those who perform this function in Cayman and the Channel Islands, as well as a few in Luxembourg, are British nationals anyway.

To read more on this see the July issue of The NED.

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