Directors’ Pay Up 14%


Directors’ Pay Up 14%
Median total pay for independent directors at the 500 largest U.S. companies rose 14% last year, according to a survey by compensation consulting firm Steven Hall & Partners. The new figures bring median compensation totals from $162,363 to $185,000.

Higher cash retainers for board service (up 11%) and committee chairmanship (up 25% to 80% depending on the committee) contributed to the increase. Total board pay for companies in the bottom half of the top 500 grew a surprising 19%. About a third (34%) of the top 1,000 companies have dropped board-meeting fees, which are generally $1,500 per meeting.

Source: Steven Hall & Partners, www.shallpartners.com .

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out