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 VIDEO

How KPMG is innovating the audit

KPMG's global audit team is using cognitive technology and alliances with tech and university partners to drive audit innovation. See how.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.