Notice: Undefined index: accesslevel in /opt/bitnami/apache2/htdocs/web/blogview.php on line 13
Board Pay Surges 14 at Large Companies - Harris Search Associates
Executive Insights   Board Pay Surges 14% at Large Companies

Board compensation continues to soar at large companies. According to a Steven Hall & Partners study, median total pay for independent directors at the largest 500 US companies increased 14% last year from $162,363 to $185,000.

The study attributes most of the increase to higher cash retainers for board service, which rose 11%, and committee chairmanship, which jumped 25 % to 80%.

Additionally, the study indicates that total remuneration for companies in the bottom half of the 500 grew 19%. In order to meet the competitive demand for directors in an era of greater responsibility, public scrutiny, and greater personal liability, smaller companies have been forced to try to catch up to their larger brethren in order to recruit suitable candidates.

Total compensation for the study was defined as cash retainers, stock awards, and meeting fees for service on both the board and its committees. The study assumed that a director served as a chair of one committee and a memebr of one other, or solely as a memeber of two committees.
Share this on
Practices
Research
Academic Medicine
Higher Education
Commercial
Consultants
Jeffrey Harris
Joann Fax
Eric E. Christ
Dr. Paolo Casali
Dr. Jeffrey Towbin
Dr. David Huston
Dr. Akinlolu Ojo (Lolu)
Dr. Andrea Lindell
 
Dr. Richard Skinner
Dr. Peter Perhac
James Ryan
Debra Cruce
Shazia Amin
Dr. Joel Stegall
Bill Wilson
Insights
The Impact of Digital Transformation on the patient lifecycle
A Snapshot of Generational Change in Leadership of American Research-Intensive Universities
Innovators Podcast
Global Offices
offices in countries
IIC Partners Executive Search Worldwide
AESC Member
Follow Us ON TWITTER
Copyright © 2017 Harris Search Associates | About Us | Contact Us | Home | Login
Harris Search Associates is a leading global executive search firm. Our higher education and academic medicine practices are focused on identifying and attracting leaders Presidents, Provosts, Deans, Department Chairs, Researchers, and Senior Administrators to support the growth of clients in the areas of research, science, engineering, academic medicine and commercial enterprises.
Saving