Subscribe to this blog's feedIt’s a tough life being a regulator. Communications watchdog Ofcom has been advertising recently for a non-executive director. The board meets once a fortnight at present, but will be moving to a three-weekly cycle soon. The meetings are generally held on a Tuesday in London between the hours of 10am and 1pm (followed by a briefing or lunch with guests to 2pm).
The remuneration for what amounts to half a day’s work every three weeks is, wait for it: around £40,000 a year. Plus additional fees if the non-exec in question chairs a board committee. Also on offer is a digital package comprising Sky Plus/Cable/DSL (worth £31 per month) and broadband (at £25 per month). Directors can also claim a free laptop for use if required for Ofcom business purposes. But of course!
Form an orderly queue. The great man is thinking of putting himself up as a candidate to Russell Reynolds Associates, the firm handling the appointment.
