Mumbai, Aug. 21 -- The board of One 97 Communications, which operates mobile payments pioneer Paytm has proposed revising the annual remuneration framework for its non-executive and independent directors. The proposal will be placed before shareholders at One 97 Communications Limited's 26th Annual General Meeting (AGM).

The revision shifts the structure from a flat cap to one that links pay to committee work. The fixed Board fee has been set at Rs.40 lakh per annum, with additional compensation depending on a director's responsibilities on key committees, highlighting a stronger focus on accountability.

The chairperson of the Audit Committee can receive an additional Rs.24 lakh annually, while chairpersons of the Nomination and Remuner...