During the year, more than 40 listed companies raised the allowances for independent directors, and some of them increased their salary by 100,000
On the evening of December 9, Shaanxi Construction Engineering (600248.SH) announced that since the establishment of the independent director system, independent directors have made important contributions to the company’s standardized operation, internal system construction and company development. Taking into account the company’s independent directors over the years The allowance has not been adjusted. Based on the company’s current operating scale and profitability, and with reference to the standard level of allowance for independent directors of listed companies in the same industry and the same region, it is proposed to adjust the allowance for independent directors from 40,000 per person per year before tax to per person per year before tax. 60,000 yuan, the salary increase reached 50%.
Recently, the financial fraud case of Kangmei Pharmaceutical has focused the public's attention on the compensation of independent directors of listed companies. Its five independent directors were sentenced to a total of about 369 million yuan of joint liability for compensation, which is almost the payment received from Kangmei Pharmaceutical. Hundreds of times.
In fact, the annual salary of independent directors is generally not high.
According to Choice data, as of the end of 2020, the number of A-share listed companies was 4,358, including 2,946 independent directors who served in multiple companies at the same time. These listed companies have a total of 10,205 independent directors. The total amount of allowances for independent directors will be issued in 2020. 1.095 billion yuan, about 106,000 yuan per capita.
In order to further motivate independent directors, some companies will increase the salary of independent directors every year.
According to Wind data statistics, China Business News: So far this year, 43 listed companies have issued announcements on the adjustment of allowances for independent directors. Among them, 19 listed companies have increased their allowances for independent directors by more than 50%.
The independent director allowance of 4 listed companies has increased by more than doubled, including Jingyeda (003005.SZ) intends to increase the independent director allowance from 50,000 yuan per person per year (tax included) to 100,000 yuan per year (including tax). Tax), salary increase is 100%.
Yupont Electric (688597.SH) intends to adjust the allowance standard for independent directors of the company’s board of directors from RMB 50,000 per person per year (pre-tax) to RMB 120,000 per person per year (pre-tax). It will be paid on a monthly basis with a salary increase of 140 %.
Tai Chi Group (600129.SH) agreed that the company’s independent director allowance would be adjusted from 60,000 yuan per person per year (after tax) to 160,000 yuan per person per year (pre-tax), with a salary increase of 167%.
After the salary increase, the annual subsidy income of 160,000 yuan (before tax) per person of Taiji Group is also the highest among the 43 listed companies.
In addition, according to Sanju Environmental Protection (300072.SZ) "Company Independent Director Allowance System (January 2021)", its independent director allowance is determined to be 90,000 yuan per person per year (before tax).
According to last year's annual report, three of the four independent directors of Sanju Environmental Protection received a pre-tax remuneration of 22,500 yuan, and one received 90,000 yuan. After the new allowance standard, the salary of these three increased by three times.
Among 43 companies, only one director’s allowance has fallen.
Aide Bio (300685.SZ) announced on August 13 that it had received a written statement from the company's independent director Su Wenjin.
According to the "Opinions on Further Regulating the Part-time Employment (Serving) of Party and Government Leaders in Enterprises" and other relevant regulations, Su Wenjin declared that he would voluntarily waive the allowance of independent directors, and at the same time guaranteed that waiving the allowance of independent directors would not affect the normal performance of his duties as an independent director of the company. It also does not affect the related responsibilities that they should assume due to improper performance of their duties.
Su Wenjin was elected as an independent director of the third board of directors after review and approval of the first extraordinary general meeting of shareholders in 2021.
Up to now, Su Wenjin has not yet received the independent director allowance.
Author: Andrews