Directors’ fees increase

Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, voted in favour of a $150,000 increase in the directors’ fee pool at the company’s annual meeting yesterday to cover an enlarged board and give long-time directors their first pay rise in five years. The annual pool will rise to $350,000, resulting in a lift in director’s fees to $50,000 from $45,000 and in the chairman’s fee to $90,000 from $70,000. Rachel Hopkins, appointed as an associate director under the Institute of Director’s Future Directors programme, will receive half the going rate.