Average pay for corprate directors moved above $160K last year:
The average pay for directors of nearly 1,500 companies tops $160,000, as boards now spend more time monitoring the performance of publicly traded companies, says a study released Tuesday.
Corporate filings with the Securities and Exchange Commission last year show total cash and stock-based pay for directors rose an average of 11.6% to $160,493, according to Institutional Shareholder Services, a proxy research firm in Rockville, Md.
Carol Bowie, ISS vice president of governance research, says, "Pay for directors has never been at the lofty levels that executive pay has reached, but it’s still accelerated with increased workloads and responsibilities in the aftermath of Enron and Sarbanes-Oxley."
Company directors’ average pay passes $160,000 – USA Today
Tags: Compensation
