Do ice agents make $200,000 a year?
Yes, independent directors in India are compensated, but their pay is strictly regulated under the Companies Act, 2013, and SEBI regulations. They are prohibited from receiving a monthly salary, performance bonuses, or stock options. Instead, they can earn "sitting fees" for each board or committee meeting they attend (up to a statutory limit of ₹1,00,000 per meeting) and may receive a profit-linked commission if approved by shareholders. They are also entitled to reimbursement for expenses incurred while performing their duties.
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