NZX Director Remuneration Guide FY2026

Q: How much did NZX directors earn in FY2026?

The average NZX director fee in FY2026 was approximately $129,149 per year across 451 directors at 90 companies.

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

The highest director fee recorded in FY2026 was $1,123,920.

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.

NZXplorer

Insights/Director Pay/FY2026

NZX Director Pay FY2026

Board remuneration across 90 NZX-listed companies

All Years FY2020

We analyzed remuneration data from 451 directors across 90 NZX-listed companies for financial year 2026.

$129,149

Average Fee

$113,491

Median Fee

$1,123,920

Highest Fee

451

Directors

Top Earning Directors (FY2026)

Highest paid board members in FY2026 — 524 fee records across 90 companies

Rank	Director	Company	Total Fee
1	Dennis Peter Karp	Manuka Resources Limited (MKR)	$1,123,920
2	Alan J Eggers	Manuka Resources Limited (MKR)	$1,060,000
3	Josef Roberts	Burger Fuel Group Limited (BFG)	$770,399
4	Peter McBride	Fonterra Co-operative Group Limited (FCG)	$507,558
5	Brent Douglas King	General Capital Limited (GEN)	$501,058
6	Mark Menhinnitt	Downer EDI Limited (DOW)	$481,000
7	Elizabeth Coutts	EBOS Group Limited (EBO)	$440,500
8	John Scott	EROAD (ERD)	$428,691.64
9	Aiden Keegan	Cooks Coffee Company Limited (CCC)	$426,818
10	Alison Rosemary Gerry	Infratil Limited (IFT)	$425,000
11	David (Yusuke) Sena	2 Cheap Cars Group Limited (2CC)	$410,757
12	Neville Mitchell	Fisher & Paykel Healthcare Corporation Limited (FPH)	$405,697
13	Philippa Mary Greenwood	The a2 Milk Company Limited (ATM)	$395,417
14	Ronald Ivor Baskind	Enprise Group Limited (ENS)	$390,000
15	Justine Smyth	Spark New Zealand Limited (SPK)	$381,700
16	Peter Crowley	Fletcher Building (FBU)	$338,000
17	Robert Stuart McDonald	Contact Energy Limited (CEN)	$327,917
18	John William Michael Journee	The Warehouse Group Limited (WHS)	$312,533
19	Julia Hoare	Auckland International Airport Limited (AIA)	$306,783
20	Dean Ross Hamilton	Ryman Healthcare Limited (RYM)	$300,000

Director Pay by Sector (FY2026)

Average director fees across industries

1

Materials$225,960

25 fee records

2

Communication Services$156,762

22 fee records

3

Utilities$156,727

50 fee records

4

Consumer Staples$135,563

55 fee records

5

Healthcare$128,042

67 fee records

6

Industrials$121,984

109 fee records

7

Consumer Discretionary$117,245

68 fee records

8

Financials$107,181

23 fee records

9

Real Estate$103,434

65 fee records

10

Information Technology$97,488

29 fee records

Director Fee Ranges (FY2026)

$12,621

Minimum Fee

Smaller companies, partial year

$113,491

Median Fee

Typical mid-cap company

$1,123,920

Maximum Fee

Large cap chair/committee roles

Key Insights — FY2026

1

Chair Premium

Board chairs earn approximately 61% more than regular directors on average, reflecting their leadership responsibilities.

2

Coverage

FY2026 covers 524 fee records across 451 directors at 90 companies.

3

Sector Variation

Materials pays the highest average director fees at $225,960. Information Technology pays the least at $97,488.

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. Data last updated: 20 October 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.

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