NZX Director Remuneration Guide FY2026

Q: How much did NZX directors earn in FY2026?

The average NZX director fee in FY2026 was approximately $114,802 per year across 124 directors at 24 companies.

Q: What was the highest director fee on the NZX in FY2026?

The highest director fee recorded in FY2026 was $428,691.64.

Q: Do NZX directors get paid extra for committee work?

Yes, most NZX directors receive additional fees for chairing or serving on board committees such as Audit & Risk, Remuneration, and Nomination committees. Committee chair fees typically range from $10,000 to $25,000 annually.

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Insights/Director Pay/FY2026

NZX Director Pay FY2026

Board remuneration across 24 NZX-listed companies

FY2025 All Years

We analyzed remuneration data from 124 directors across 24 NZX-listed companies for financial year 2026.

$114,802

Average Fee

$101,667

Median Fee

$428,691.64

Highest Fee

124

Directors

Top Earning Directors (FY2026)

Highest paid board members in FY2026 — 131 fee records across 24 companies

Rank	Director	Company	Total Fee
1	John Scott	EROAD (ERD)	$428,691.64
2	Alison Rosemary Gerry	Infratil Limited (IFT)	$425,000
3	Neville Mitchell	Fisher & Paykel Healthcare Corporation Limited (FPH)	$405,697
4	Dean Ross Hamilton

Director Pay by Sector (FY2026)

Average director fees across industries

Utilities$184,909

11 fee records

Healthcare$132,274

36 fee records

Industrials$112,525

19 fee records

Energy$111,991

8 fee records

Real Estate

Director Fee Ranges (FY2026)

$14,000

Minimum Fee

Smaller companies, partial year

$101,667

Median Fee

Typical mid-cap company

$428,691.64

Maximum Fee

Large cap chair/committee roles

Key Insights — FY2026

Chair Premium

Board chairs earn approximately 50% more than regular directors on average, reflecting their leadership responsibilities.

Coverage

FY2026 covers 131 fee records across 124 directors at 24 companies. Data may be incomplete — annual reports are still being processed.

Sector Variation

Utilities pays the highest average director fees at $184,909. Consumer Staples pays the least at $51,862.

Research Director Pay on NZXplorer

Company Profiles: Visit any company page to see director fees in the board composition section.
Director Profiles: View individual director profiles to see remuneration across all board positions.
CEO Pay vs Returns: Check our CEO Pay vs Returns analysis to see if director pay aligns with performance.
All Years: View all annual reports to compare trends over time.

Data sourced from NZX company annual reports. Last updated: 21 April 2026.

Related Insights

Compensation Benchmarks

Board fee and executive pay percentiles by sector and market cap

Chair Remuneration Benchmarking

Chair premium vs NED fees by sector, market cap, and gender. Per-company outlier detection. First chair pay analysis in NZ.

Board Fee Trends: Above & Below Average

Which NZX companies consistently pay above or below market rates for director fees over time?

Data sourced from publicly available records. 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.