Under pressure: Directors face covid crunch

Thu, 20 Aug 2020

Directors are under pressure from the financial and mental stress of covid-19 and face increased risk while liability insurance costs rocket.Directors’ fees have been a high-profile casualty of covid-19. The Institute of Directors 2020 fees survey found about 40 percent of the 674 directors from 1,202 organisations canvassed during New Zealand’s first lockdown period were paid less, or had stopped being paid, for their work.Undertaken by EY, the report showed the impact on board fees as a result of covid-19 was uneven...

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