S&P 500 index companies spend on average, more than $2 million on board compensation last year. The survey was based on compensation data from more than 3,000 public companies and 27,000 directors.
The Corporate Library’s survey also found:
-
the median increase in total board compensation was just under 11 percent;
-
the median increase in compensation for individual directors was almost 12 percent;
-
this is the third year of double-digit increases for directors and boards, though the rate of increase appears to have slowed;
-
median total board compensation for the S&P 500 is more than $2 million;
-
median total compensation for individual directors of S&P 500 companies is less than $200,000.