Pay Me More To Do My Job

Few problems seen with new corporate governance rules: SID

Among the proposals is that directors must sign a confirmation that to the best of their knowledge, their company's interim financial results are not false or misleading.

Said Mr Lim, "We do know that in the Institute of Directors we have a database of some 300 members who on paper have the qualifications and the executive experience to act as independent directors."

But the changes will mean that directors will have to work harder.

They will have to understand their company's business well, and to ask more questions to ensure a proper running of the company.

Directors fees may go up as a result

Two things came as news to me:

• There is actually a Society for Directors. You can sign-up to become one.

• For ensuring they do their job, to be responsible for the companies they are leading, companies actually have to pay them more.
  

While Directors get paid more for doing what they should be doing in the first place, hundreds are being laid off because they do not work cheap enough.

Is this tragic or what?