N.E.D. - Salary checker

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NON-EXECUTIVE DIRECTORS SALARY CHECKER – 2024

SERVICE INDUSTRY

Small business Start-up <£10m turnover

Medium business <£40m turnover

Large business >£40m tunover

ENTRY N.E.D.

£22,000 - £27,000

£28,000 - £30,000

£38,000 - £45,000

EXPERIENCED N.E.D.

£27,000 - £32,000

£32,000 - £42,000

£45,000 - £58,000

SENIOR N.E.D.

£32,000 - £38,000

£38,000 - £46,000

£50,000 - £75,000

data based on a minimum of 2 days per month and a maximum of 4 days per month

ANNUAL FEE (average / *base median) DIRECTOR (private sector)

£22,000*

NON-EXECUTIVE DIRECTOR (private sector)

£31,000 - £53,000

PUBLIC SECTOR

£12,000 - £17,000

FTSE SMALLCAP

£35,000 - £45,000

FTSE 250

£54,000*

FTSE 100 (full time - permanent)

£120,000 - £300,000 (depending on business size and profits)

COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment Canada | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates


NON-EXECUTIVE DIRECTOR FEE NEDs are typically paid a base fee for Board membership with additional fees for other responsibilities such as chairing a Board Committee (e.g. audit or remuneration). Other Board Committees (e.g. risk) are less prevalent in the FTSE 250 than the FTSE100 Detailed Basis Non-Executive Director fee - FSTE 101 - 150

Lower quartile

Median quartile

Upper quartile

FSTE 101 - 150

£55,000

£58,000

£65,000

FSTE 101 - 150

£50,000

£54,000

£58,000

FSTE 101 - 150

£50,000

£55,000

£60,000

COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates


LONG TERM INCENTIVE PLANS

Annual bonus(es) Deferred bonus(es) Performance Share Plans (PSP) Performance conditions Share options SHARE OPTIONS

Less than a quarter of companies operate share option plans at board level. Less than 17% of these share option plans do not have performance conditions attached to them PERFORMANCE SHARE PLANS Performance Share Plans (PSP) are the most common form of LTIP, with 89% of SmallCap companies operating such a plan. Of those that made PSP grants during the year, grant levels were as follows: LTIP grant (percentage of salary) Lower quartile

Median quartile

Upper quartile

CHIEF EXECUTIVE

100%

111%

149%

FINANCE DIRECTOR

96%

103%

137%

OTHER EXECUTIVE DIRECTOR

72%

100%

185%

COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates


PERFORMANCE CONDITIONS 70% of PSP now use two or more performance measures (PM).

1 P.M.

2 P.M.s

3 P.M.s

>3 P.M.s

FTSE SMALLCAP

30%

60%

10%

-

FTSE SMALLCAP

17%

52%

25%

6%

MOST COMMON ANNUAL BONUSES BASES Profit Personal Objectives Other non-financial Strategic objectives EBIT/ EBIT(D)A Other financial targets Cash Flow Revenue

EPS (Earnings per share) Health & Safety Cost Return of capital/ equity/ assets Customer Metric Employee Metric TSR (Total Shareholder Return) NAV (Net Asset Value)

44% of SmallCap companies operate an annual bonus plan with some form of deferral attached, most commonly over a three-year period.

COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates


DEFERRED BONUS(ES) Non-Executive Director fee rate Lower quartile

Median quartile

Upper quartile

CHAIRMAN

£33,000

£42,000

£121,000

NON-EXECUTIVE DIRECTORS

£23,000

£31,000

£42,000

SENIOR INDEPENDENT DIRECTOR

£5,000

£5,000

£5,000

CHAIRMAN OF THE REMUNERATION COMMITTEE

£5,000

£7,000

£10,000

MEMBER OF THE REMUNERATION COMMITTEE

£4,000

£5,000

£5,000

CHAIRMAN OF THE NOMINATION COMMITTEE

£4,000

£6,000

£10,000

MEMBER OF THE NOMINATION COMMITTEE

£3,000

£5,000

£5,000

CHAIRMAN OF THE NOMINATION COMMITTEE

£5,000

£6,000

£10,000

MEMBER OF THE NOMINATION COMMITTEE

£3,000

£5,000

£5,000

Basic fees

Additional fees

COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates


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