9 highest-paid independent directors in:-Indian IT companies:
Jul 17, 2016, 02.07 AM IST
Text: ET Bureau
Wonder who are the highest-paid independent directors at Indian companies?
New Delhi-based researcher Prime Database did some number crunching based on the figures disclosed by the companies in their annual reports.
Wonder who are the highest-paid independent directors at Indian companies?
New Delhi-based researcher Prime Database did some number crunching based on the figures disclosed by the companies in their annual reports.
Here are 9 highest-paid independent directors based on the report.
Bernardus
Johannes Maria Verwaayen
Better known as Ben Verwaayen, CEO
of Alcatel-Lucent between 2008 and 2013, he got Rs 2.5 crore in the year ended
March 2015 for serving on the board of Bharti Airtel.
The 63-year-old Dutch national is co-founder of Keen Venture Partners, which
backs entrepreneurs and their ideas.
Aman
Mehta
Former HSBC Asia-Pacific CEO is
next. Mehta got Rs 2.3 crore for being on the board of Tata Consultancy
Services (TCS), the country's leading IT outsourcing company.
Ron
Sommer
The 66-year-old German citizen
serves on the board of TCS. Sommer earned about Rs 2 crore from the company in
fiscal year 2015.
M
Damodaran
Former Sebi chairman M Damodaran
sits on the board of Tech Mahindra.
Sixty-six-year-old Damodaran too earned about Rs 2 crore from the company in the fiscal year 2015.
Sixty-six-year-old Damodaran too earned about Rs 2 crore from the company in the fiscal year 2015.
KV
Kamath
Former banker KV Kamath served on
the board of Infosys between 2009 and 2015.
Kamath too is tied at the third spot alongwith Damodaran and Sommer with an earning of about Rs 2 crore from the company in the fiscal year 2015.
Kamath too is tied at the third spot alongwith Damodaran and Sommer with an earning of about Rs 2 crore from the company in the fiscal year 2015.
Albert
Joseph Hieronimus
Following the trio is Albert Joseph
Hieronimus, who got Rs 1.72 crore for being on the board of Bengaluru-based
software firm Mind Tree.
Clayton
Magleby Christensen
Next is Clayton Magleby Christensen.
He is best known as the architect of disruptive innovation, earned Rs 1.55 crore as an outside director of TCS.
He is best known as the architect of disruptive innovation, earned Rs 1.55 crore as an outside director of TCS.
Jeffrey
Sean Lehman
Christensen is followed by fellow
American scholar Jeffrey Sean Lehman, 59, who earned Rs 1.20 crore as an
external director at Infosys during the year.
Robin
Ann Abrams
Robin Ann Abrams is the highest-paid
foreign woman independent director at an Indian company.
The former CEO of US-based Palm Computing earned nearly Rs 1 crore from being on the board of HCL Technologies.
The former CEO of US-based Palm Computing earned nearly Rs 1 crore from being on the board of HCL Technologies.
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