Non-Executive Director programme

With the role of a Non-Executive Director (NED) becoming increasingly challenging, the PwC NED programme provides support to NEDs in their expanding role.

The role of a NED is increasingly challenging – with shareholder activism, executive pay, loss of trust, rapid technological advances and growing regulatory requirements all adding to the NED burden. Board roles are being played out in an enhanced media spotlight adding to both the pressures of the role and the reputational risk. At the same time, companies are having to look beyond traditional markets for growth which means that strategy is being set, and decisions being taken by the Board, in areas with which they may be less familiar.

Our NED programme aims to support NEDs via a series of briefings, workshops and other one-off events to help address the need to keep up to date with Board issues and to assist directors to respond to the challenges they face. It combines the provision of expert knowledge with the invaluable sharing of experiences and ideas with peers.

PwC Channel Islands NED Remuneration Survey 2018

Compare the results highlights for 2018 and 2015 below.

A clear correlation between years of experience and total remuneration

(2015 values in parenthesis.)

24.8 (27.1)
Average days worked per LSE premium Listed Entity (14.2 (14.6) per unlisted entity)
19% (10%)
of respondents are Female
£180k 143k)
Average annual remuneration for NED related activities

Respondents

2018 2015
111 NEDs 89 NEDs
347 Significant Entities* 441 Significant Entities*
1,750 directorships 1,646 directorships
Respondents from Guernsey and Jersey – close to 1:1 Respondents from Guernsey and Jersey – close to 1:1

* A Significant Entity is, for example, a Fund in a PE Group Structure, not an SPV or Corporate

Arrangements

2018 2015
83% are on a fixed fee basis and 47% have no review policy 87% are on a fixed fee basis and 41% have no review policy
NEDs believe the median fee for a listed position is £40,000 NEDs believe the median fee for a listed position is £30,000
The actual average fee for a listed position is £40,977 and an unlisted position is £21,833 The actual average fee for a listed position is £37,400 and an unlisted position is £21,700

Pay

2018 2015
Majority believe remuneration levels are ‘about right’ Majority believe remuneration levels are ‘about right’
Total Annual NED income ranges from £12K to over £601K Total Annual NED income ranges from £4K to over £500K

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Contact us

Alex Burne

Director, Listed Funds and Private Equity, PwC Channel Islands

Tel: +44 7781 157631

Paul Silcock

Director, Asset Management, Regulatory and Corporate Governance, PwC Channel Islands

Tel: +44 7700 838286

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