An examination of all fees paid to JSE non-executive directors shows that a 5.9% (2018: 5.1%) increase was awarded to chairpersons at the median level. The median salary was R834,000<\/strong>.<\/p>\n “The role of a chairperson is time-consuming as it includes work carried out between scheduled meetings, representing the organisation externally, and interacting with fellow board members and employees,” PwC said.<\/p>\n Deputy chairperson\u00a0<\/strong><\/p>\n PwC’s data shows that the average deputy chairperson received a lower median increase than that of the chairperson at 2.3% (2018: 5%). The median salary was R704,000.\u00a0<\/strong><\/p>\n “Some organisations include a position of deputy chairperson. This person assists the chairperson and fills in if they are unavailable.<\/p>\n “It is essential that the chair and the deputy chair have a good working relationship and understand their roles to ensure that duplication or confused direction does not occur,” PwC said.<\/p>\n Lead independent director<\/strong><\/p>\n The lead independent director is required to preside at all meetings of the board at which the chairperson is not present or where the chairperson is conflicted.<\/p>\n Their duties include calling meetings of the independent directors, where necessary, and serving as the principal liaison between the independent directors and the chairperson.<\/p>\n Their responsibilities would also include liaising with major shareholders if requested by the board in circumstances in which the chairperson is conflicted.<\/p>\n PwC’s data shows that lead independent directors saw an increase of 2.& at the median level (2018: -1.3%). The median salary was R550,000<\/strong>.<\/p>\n Non-executive director Non-executive directors are required to make up the majority of a board’s membership and should preferably be independent, PwC said.<\/p>\n The group’s data shows that the median increase in remuneration was well above inflation at 6.8% (2018: 5.3%). The median salary was R553,000<\/strong>.<\/p>\n Super-caps<\/strong><\/p>\n While the above data provides an overview of the average salaries across the JSE, board members at ‘super-cap’ companies\u00a0 – making up the top 10 of the JSE – can expect to earn substantially more.<\/p>\n In 2019 these companies included:<\/p>\n PwC’s data shows that the median salary for a chairperson at one of these super-caps was R10,659,000 in 2019. This is a median increase of 5.9% year-on-year.<\/p>\n By comparison, the median salary for a non-executive director at one of these super-caps was R2,056,00 in 2019 – an annual increase of 2%.<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/02\/Chairperson.png\")
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