Directors' fees still low

According to the finding of a survey by PricewaterhouseCooper Malaysia, the median remuneration level for company directors is still low and may not be adequate to compensate quality directors - [StarBiz 24-04-08]
The Board Remuneration & Practices 2007 survey found that although board fees were on a continuing upswing - rising 30% in three years - the remuneration (paid solely for board responsibilities) level at the median of RM33,000 was still low. Higher board remuneration meant a higher performance would be expected from directors. Directors are expected to have :- independence of mind & integrity ; real recognition of responsiblities and diligence in performance ; real & relevant skills ; able to use the right tool for the right task ; emotional quotient (ability to work collaboratively with other management) and of courage (ability to confront when necessary).
I strongly agreed that we should adequately compensate good & qualified directors. Those that performed well should be rewarded and vice versa. If a particular company recorded a good results, the directors should be rewarded with good bonuses and profit sharing while those that reported a bad results, the directors should be held responsible ; i.e. they should forfeit their director fees and if there is any breach of trust against the company they should be dealt with according to the country law ; preferably by imprisonment and cane wiping.