The role of independent non-executive or outside board directors is getting tougher throughout Asia because of a confluence of several notable trends, a change that can warrant higher pay.
Recently, Willis Towers Watson consultants discussed important executive compensation issues, including corporate governance and executive and board pay, with several leading institutional investors in Asia, with some surprising viewpoints.
Regular compensation risk assessments have been common in many Western countries for several years now, and many companies have found that the exercises have been helpful in identifying and reducing pay- and behavior-related risks and in streamlining incentive design and governance processes. The trend is catching on in Asia.
Strong economic growth and an accompanying demand for top talent are driving up the base salaries of top executives in Asia, the Asia Pacific (APAC) section of Willis Towers Watson's 2016/2017 Global 50 Remuneration Planning Report indicates.
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