Saturday November 21, 2009
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Women Directors Make More Than Male Counterparts, Study Finds

Women directors represent a small percentage of directors but they typically earn more than men, a study by The Corporate Library released yesterday finds.

Women directors represent a smallpercentage of directors but they typically earn more than men, a study byThe Corporate Library released yesterday finds, asreported on by Reuters.

Female directors in corporate America earnedmedian compensation of $120,000, based on the most recently available pay data,compared with $104,375 for male board members, The Corporate Library said inits annual director pay report on Wednesday.

At the same time, the study said,women in corporate boardrooms are outnumbered eight to one.

“This makes being a directorone of the few jobs in the U.S.economy where the pay differential is reversed,” between men and women,the study found.

The study found that overall,median total compensation for individual U.S. board members was just over$100,000, based on companies’ annual proxies filed through last month. Themedian increase in total disclosed compensation was about 12 percent comparedwith the year-earlier period, the study said.

The report looked at pay data formore than 25,000 directors at more than 3,200 companies.

 

The pay increases were driven in part by the addition of previously undisclosed forms of compensations this year, said study author Paul Hodgson, a senior research associate at the Corporate Library.  New Regulatory rules now require public companies to disclose the cost of perks, cash incentives and other elements of total pay for top executives as well as directors. 


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