Which NZX companies consistently pay above or below market rates for their directors? Tracking 110 companies from 2017 to 2026.
Market average shown as dashed line
70%+ of years paying above market
70%+ of years paying below market
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 -4.2% from FY17 to FY26.
Data sourced from publicly available NZX annual reports. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.
For informational purposes only. Not investment advice.
Last updated: 22 March 2026.
