FTSE 100 chairmen received a 6% average pay rise in 2012, according to research by Incomes Data Services (IDS).
The report into non-executive directors’ pay found that the average fee for a non-executive chairman was £397,350 in 2012.
Meanwhile average fees for chairmen ranged from £270,000 in technology organisations to £517,943 in oil and gas companies.
The research also found:
- Fewer FTSE 100 organisations increased their non-executive directors’ fees during 2012 than in 2011.
- FTSE 100 non-executive directors’ overall average fees rose by 4% to £64,302 in 2012. This has doubled over the last 12 years.
Nasreen Rahman, assistant editor at IDS, said: “Investor scrutiny over boardroom pay and the link to shareholder returns continues to be a contentious issue, which could be why fewer FTSE 100 businesses raised their fees for non-executive directors during 2012.”