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

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.