Board Fee Trends
Which NZX companies consistently pay above or below market rates for their directors? Tracking 17 companies from 2017 to 2025.
Average Director Fee by Company
Market average shown as dashed line
Consistently Above Average
70%+ of years paying above market
Consistently Below Average
70%+ of years paying below market
What This Means
Companies consistently paying above market often have larger market caps, more complex operations, or operate in highly regulated industries requiring specialized expertise.
Smaller companies, those with founder-directors, or businesses where directors hold significant equity stakes often pay below market cash fees.
The dashed green line represents the average fee across all directors in each year. This has grown 36.3% from FY17 to FY25.
Disclaimer
Data sourced from NZX annual reports. Our datasets may not be complete and we are continuously updating and adding more data to the platform.
This analysis is provided for informational and educational purposes only. Nothing on this page constitutes financial, investment, legal, or tax advice. Always conduct your own research and consult with qualified professionals before making any investment decisions.
Last updated: 5 February 2026.