Search results
Results from the Tech24 Deals Content Network
The median compensation for members of private company boards of directors was $32,000 in 2024, according to an industry study by Compensation Advisory Partners. That's actually a 7% increase...
Board of Director Compensation: What to Pay, or Not to Pay. Written by Jeremy Barlow. In recent decades, it’s a whole new world regarding the responsibilities and compensation of corporate board members. New trends are developing as to how various size companies are paying their boards and how they are breaking down the compensation.
In the US, board members receive about $112,575 as of 2024, with the average salary range falling between $86,782 and $139,025. On average, the compensation for board members can be much higher, particularly those in large publicly traded companies. Their salaries can easily reach $300,000 up to $500,000 annually.
While the responsibilities of the Board continue to evolve and expand, director compensation increases have remained generally modest with a +1% annualized increase since 2020.
In contrast to public companies, 44 percent of private companies compensate “inside” directors (defined as family members or shareholders who serve on the board). For these companies that compensate inside directors, 67 percent compensate them on the same basis as the outside directors.
The total average compensation for S&P 500 non-employee directors from May 16, 2018 through May 15, 2019 was $304,856, as calculated by Spencer Stuart. The total mean compensation for Russell 3000 companies was $167,013, based on 2019 disclosure documents.
1. Customize the pay mix to reflect expected contributions. One of the most notable trends in board compensation is that companies are customizing director pay mix.
Median total compensation was $43,500, ~4.8% higher than the $41,500 reported last year. The 4.8% increase (+4.5% in 2018) is the result of a 5.5% increase domestically and a 3.6% increase...
The National Association of Corporate Directors (NACD), the authority on boardroom practices representing approximately 24,000 board members, today released the 2023–2024 Director...
Independent board directors earned $325,000 last year as their average base pay, which represented a 2.5% increase from 2021. The typical pay structure was also little changed from previous...