ITC's Y C Deveshwar beats most part-time chairmen in salary

Only Kumar Mangalam Birla earned more as non-executive chairman in FY17

The proposed remuneration of ITC’s non-executive chairman Y C Deveshwar has become a talking point ahead of the company’s annual general meeting later this month. At Rs 12.7 crore, the proposed annual remuneration of the veteran at the consumer goods major would beat most top executives of Corporate India. The figure is higher than the remuneration earned in the last financial year by all non-executive chairmen barring one.

An analysis of data provided by Prime Database for some 130 companies, which have the position of non-executive chairman and have published their annual reports so far this year, only 10 earned