Board directors of Fiji Sugar Corporation were paid about triple the amount of fees and allowances in 2024 when compared with 2023, reveals FSC’s 2024 annual report that was released last week.
About $72,000 was paid to the directors in 2024 compared with $24,000 in 2023.
The annual report lists FSC’s board of directors as Nitya Reddy (chairman), Athil Narayan, Kaison Chang, Paras Ram Reddy, Maciusela Lumelume, Ratu Jone Qomate, Akisi Vinaka, Jawahar Lal (appointed on November 17, 2023), Solomone Nata (appointed on April 5, 2024), Prakash Chand (retired in July 2023) and Pradeep Lal (resigned on October 5, 2023).
“The board supports a strong disclosure regime acknowledging transparency as a key element of an effective corporate governance system,” states the annual report.
“This includes timely and accurate information to be disclosed on matters such as the corporation’s financial and operating results, its objectives, major share ownership and voting rights, remuneration for directors and material foreseeable risk factors.”
