Director Fees

What it is worth to sit on a Caribbean board.

A company’s directors are not its employees. They are paid a fee for sitting on the board and its committees, and that fee is published once a year in the corporate governance statement inside the annual report. This page collects those fees for the largest companies on the Jamaica Stock Exchange.

These are not salaries and they are kept apart from the salary data for that reason. No figure here counts towards a company’s pay figure, a median, or a report count anywhere else on the site.

4 companies. 3 publish a fee schedule and 1 names each director without one.

Jamaica Stock Exchange

Taken from the five largest companies on the main market by market capitalisation, leaving out companies whose primary listing is in Port of Spain. These are the ones that publish a figure a reader can use.

NCB Financial Group Limited

Year ended 30 September 2025

FY2025

Non-Executive Director

JMD $7,500,000 a year

≈ USD $47,237 · today’s rate

The rest of the schedule

Non-Executive Director: JMD $7,500,000 a year
ChairmanThe report states this rate is used for calculation only and was not the fee actually paid to the Chairman.: JMD $14,000,000 a year
Deputy Chairman or Lead Independent Director: JMD $5,500,000 a year
Audit or Risk Committee Chair: JMD $1,350,000 a year
Audit or Risk Committee member: JMD $1,650,000 a year
Other committee chair: JMD $400,000 a year
Other committee member: JMD $900,000 a year

What each named director was paid

Attendance times the rates above, across the whole year. Not a ranking: the differences are committee load and time served.

Gary BrownJMD $13,125,000
Sanya GoffeJMD $9,150,000
Howard Shearer, CDJMD $9,075,002
Arvinder BharathJMD $7,233,905Part of a year. The table shows no fee for the quarter ended December 2024 and records an appointment to the Talent Management and Compensation Committee on 12 February 2025.
Thalia Lyn, OD, JPJMD $6,475,002

The fee structure changed during the year. Until 31 March 2025 directors were paid per meeting; from 1 April 2025 the structure comprises retainers only, so each total spans both arrangements. Michael Lee-Chin, the Board Chairman, is not in the fee table; the report states that fees paid to the Chairman were included within a contract with AIC Global Holdings Inc. which existed up to July 2025. The report adds that the total paid did not exceed the amount approved by shareholders.

Source: NCB Financial Group Limited, Annual Report 2025, Corporate Governance Statement, pages 44 to 46

Scotia Group Jamaica Limited

Year ended 31 October 2025

FY2025

Non-Executive Director

JMD $4,500,000 a year

≈ USD $28,342 · today’s rate

The rest of the schedule

Board ChairThe report states this does not apply to an internal Chairperson.: JMD $7,100,000 a year
Committee Chair: JMD $5,500,000 a year
Non-Executive Director: JMD $4,500,000 a year

The report states that the fee is a single annual retainer covering attendance and participation at board and committee meetings through the year, so there is no separate committee rate. It publishes the schedule and not what any individual director was paid.

Source: Scotia Group Jamaica Limited, 2025 Annual Report, Corporate Governance, page 21

Sagicor Group Jamaica Limited

Year ended 31 December 2025

FY2025

Board Director

JMD $2,230,800 a year

≈ USD $14,050 · today’s rate

The rest of the schedule

Board Chairman: JMD $8,824,575 a year
Board Director: JMD $2,230,800 a year
Audit Committee Chair: JMD $1,458,600 a year
Audit Committee member: JMD $943,800 a year
Risk Management Committee Chair: JMD $1,458,600 a year
Risk Management Committee member: JMD $943,800 a year
Investment and Capital Allocation Committee Chair: JMD $943,800 a year
Investment and Capital Allocation Committee member: JMD $600,600 a year
Corporate Governance and Ethics Committee Chair: JMD $943,800 a year
Corporate Governance and Ethics Committee member: JMD $600,600 a year
Human Resource and Compensation Committee Chair: JMD $943,800 a year
Human Resource and Compensation Committee member: JMD $600,600 a year

A director's fee is the board retainer plus a line for each committee they sit on, so no single figure describes a director. Executive directors are paid no fee. The report states directors receive no share-based compensation. It publishes the schedule and not what any individual director was paid.

Source: Sagicor Group Jamaica Limited, Annual Report 2025, Statement of Corporate Governance, page 78

TransJamaican Highway Limited

Year ended 31 December 2025

FY2025

What each named director was paid

As published. The company does not publish the rate behind these totals, so they cannot be compared with another company's rate.

Charles Paradis (Chairman)USD $25,893
John (“Mitchie”) BellUSD $25,071
Julie Thompson-JamesUSD $25,017
Alok JainUSD $25,017
Steven GoodenUSD $25,017
Ian DearUSD $25,017
Nicholas A. ScottUSD $18,531
Stephen EdwardsUSD $18,531
Ventley BrownUSD $9,029Part of a year. Resigned from the Board on 12 May 2025.
Patrick HyltonUSD $6,521Part of a year. Resigned from the Board on 9 May 2025.

Fees are paid in United States dollars. The company publishes what each director was paid but not the rate behind it, so these totals cannot be compared with another company's rate. Two directors resigned in May 2025, which the attendance register on page 12 records; the amounts are left as paid and are not annualised. The report does not explain why two directors who attended eight and seven of eight board meetings were paid less than their colleagues, so neither does this.

Source: TransJamaican Highway Limited, Annual Report 2025, Board Remuneration, page 13

How to read these numbers

The rate is the comparable figure. It says what a company has decided a seat on its board is worth, and it is set in advance for everyone who holds that office. A total is not comparable: it is the rate multiplied by how many meetings somebody attended and how much of the year they served, so two directors on the same board can be paid very different sums without either being more senior than the other.

Where a director joined or left part way through a year, the amount is shown as paid and is never scaled up to a full year. A director who is not in a company’s fee table is not reported as unpaid: where the report explains the absence it is quoted, and where it does not, nothing is claimed.

Nothing on this page is self-reported, so nothing carries a report count. What it carries instead is the document and the page number it was read from.

Elsewhere on the site

Executive pay at the top of these same companies is in Life at the Top. The rest of the salary data is self-reported, checked by moderation, and shown with its report count.

Life at the Top Search salaries