News > Services
Admin| Jul 16, 2016 - 09:47 AM India
Wonder who are the highest-paid independent directors at Indian companies? New Delhi-based researcher Prime Database did some number crunching based on the figures disclosed by the companies in their annual reports. Here are 9 highest-paid independent directors based on the report.
Better known as Ben Verwaayen, CEO of Alcatel-Lucent between 2008 and 2013, he got Rs 2.5 crore in the year ended March 2015 for serving on the board of Bharti Airtel. The 63-year-old Dutch national is co-founder of Keen Venture Partners, which backs entrepreneurs and their ideas.
Former HSBC Asia-Pacific CEO is next. Mehta got Rs 2.3 crore for being on the board of Tata Consultancy Services (TCS), the country's leading IT outsourcing company.
The 66-year-old German citizen serves on the board of TCS. Sommer earned about Rs 2 crore from the company in fiscal year 2015.
Former Sebi chairman M Damodaran sits on the board of Tech Mahindra. Sixty-six-year-old Damodaran too earned about Rs 2 crore from the company in the fiscal year 2015.
Former banker KV Kamath served on the board of Infosys between 2009 and 2015. Kamath too is tied at the third spot alongwith Damodaran and Sommer with an earning of about Rs 2 crore from the company in the fiscal year 2015.
Following the trio is Albert Joseph Hieronimus, who got Rs 1.72 crore for being on the board of Bengaluru-based software firm Mind Tree.
Next is Clayton Magleby Christensen. He is best known as the architect of disruptive innovation, earned Rs 1.55 crore as an outside director of TCS. (Image courtesy: Wikipedia)
Christensen is followed by fellow American scholar Jeffrey Sean Lehman, 59, who earned Rs 1.20 crore as an external director at Infosys during the year.
Robin Ann Abrams is the highest-paid foreign woman independent director at an Indian company. The former CEO of US-based Palm Computing earned nearly Rs 1 crore from being on the board of HCL Technologies.