Wipro Ltd saw the highest increase in compensation of non-executive directors in the year ended 31 March among India’s top 10 companies by market value. The total compensation for these 10 companies rose 30.5% over the preceding year. Wipro, the tenth largest company by market value as on 8 August, almost tripled the compensation of its non-executive directors, while Hindustan Unilever Ltd (HUL), the eighth largest, more than doubled its. The increase at these two companies can be attributed to the higher commission paid to some of their non-executive directors, besides the appointment of additional directors. Non-executive directors on Indian company boards are usually entitled to remuneration under two heads, sitting fees and commission.

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