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Company chairmen in the FTSE 100 have seen their fees rise by 14 per cent from last year, compared with average workers who have enjoyed a modest 1.9% rise, lower than the rate of inflation.
Average percentage rise in pay, 2012:
- Average worker: 1.9%
- FTSE 100 chairman: 6.0%
- FTSE 100 senior independent director: 10.0%
- FTSE 100 remuneration chairman: 14.0%
- Inflation (RPI): 2.6%
Source: IDS, Office for National Statistics
Company chairmen in the FTSE 100 have seen their fees rise by 14 per cent from last year.
TUC general secretary, Frances O'Grady has called for an "urgent reform of boardroom pay." She said:
Nasreen Rahman, assistant editor at IDS, has called the scrutiny over boardroom pay and the link to shareholder returns a "contentious issue".
New figures revealed that FTSE 100 directors' pay has risen over seven times faster than average wages.
FTSE 100 directors' pay has risen over seven times faster than average wages, pay analysts have said.
According to Incomes Data Services (IDS), non-executive chairmen of top companies received average pay rises of six per cent last year, giving them earnings of nearly £400,000.
The research has revealed that among FTSE firms, average fees ranged from £270,000 in technology businesses to over half a million pounds in oil and gas companies.
Average fees for non-executive directors increased by four per cent last year, to £64,000.