NZX Director Remuneration Guide FY2026

Q: How much did NZX directors earn in FY2026?

The average NZX director fee in FY2026 was approximately $116,263 per year across 13 directors at 2 companies.

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

The highest director fee recorded in FY2026 was $200,350.

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.

NZX Governance Explorer

NZXplorer

Portfolio

Get NZX governance insights in your inbox

Weekly digest of board changes, insider trades, and market signals. No spam. Unsubscribe anytime.

Insights/Director Pay/FY2026

NZX Director Pay FY2026

Board remuneration across 2 NZX-listed companies

FY2025 All Years

We analyzed remuneration data from 13 directors across 2 NZX-listed companies for financial year 2026.

$116,263

Average Fee

$118,401

Median Fee

$200,350

Highest Fee

Directors

Top Earning Directors (FY2026)

Highest paid board members in FY2026 — 14 fee records across 2 companies

Rank	Director	Company	Total Fee
1	James Miller	CHI Channel Infrastructure NZ Limited (CHI)	$200,350
2	Susan Peterson	VGL Vista Group International Limited (VGL)	$199,583
3	Cristiano (Cris) Nicolli	VGL Vista Group International Limited (VGL)	$133,667
4

Director Pay by Sector (FY2026)

Average director fees across industries

Information Technology$121,959

6 fee records

Energy$111,991

8 fee records

Director Fee Ranges (FY2026)

$47,165

Minimum Fee

Smaller companies, partial year

$118,401

Median Fee

Typical mid-cap company

$200,350

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 14 fee records across 13 directors at 2 companies. Data may be incomplete — annual reports are still being processed.

Sector Variation

Information Technology pays the highest average director fees at $121,959. Energy pays the least at $111,991.

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.
Pay for Failure: Check our Pay for Failure 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: 20 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.