BBI directors ask for combined $1m payrise

BBI directors ask for combined $1m payrise

Ignoring the increasing furore over executive pay, the board of Babcock and Brown Infrastructure (ASX:BBI) have asked for a combined $1 million salary increase.

The company will ask investors to vote on a resolution that would see the fee pool for paying non-executive directors by $1 million to $1.5 million.

The fee pool hasn’t increased since 2002, BBI told shareholders, during which time more non-executive directors had been added.

And surveys of other companies within the infrastructure operator market showed that the individual increase executive pay would be in line with companies of a similar size.

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Tags infrastructureexecutive payBabcock and Brown

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