Australia’s highest-paid directors revealed

Former CBA chairman Catherine Livingstone on Wednesday, down from the typical nine-year cycle, to help diversify top boardrooms although said that went well beyond gender.

Other well-known directors in the top 20 highest paid include NAB chairman Philip Chronican, the Xero and Ramsay Health Care chairman David Thodey, Macquarie chairman Glenn Stevens and the CEO of Seven Group, Ryan Stokes, who is also a director on Brambles, Beach Energy and Seven West. Despite the push for new blood in the boardroom, major companies are still turning to former CEOs likeMullen receives $965,261 as chairman of Brambles and $546,000 as chairman of Treasury Wines. He was receiving $790,000 as chairman of Telstra, and these rankings have excluded that pay but included the $610,000 he will receive as Qantas chairman.

Those results threw up myriad smaller company directors including David Perlmutter, the chairman of Weebit Nano on just over $2 million in total payments. Woolworths and Origin chairman Scott Perkins and NAB chairman Phil Chronican at the ACSI conference in Melbourne this month. They are both on the list of 20 highest paId directors.Other small-cap directors outside the ASX300 whose performance shares – as opposed to base director fees – drove them over the $1 million mark last financial year included the directors of Winsome Resources: Stephen Biggins, Qingtao Zeng and Justin Boylson.

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